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The Pomp Podcast
#1392 Alessandro Palombo | Bitcoin Can Give You Portugal Citizenship?!
Aug 8, 2024
26:46
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Alessandro Palombo, Co-Founder of Unbound, discusses innovative ways to achieve global citizenship through investment. He explains how Bitcoin can help secure a Golden Visa in Portugal, covering the practical steps involved and associated risks. The conversation highlights the benefits of family inclusion in the citizenship process, while addressing the importance of time spent in Portugal. Palombo also tackles the volatility of Bitcoin investments and offers strategies to navigate risks, envisioning expanded applications for other cryptocurrencies.
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Quick takeaways
- The Portuguese Golden Visa allows investors to obtain residency by investing in private equity funds, presenting an attractive path to citizenship.
- Unbound's innovative model enables indirect Bitcoin exposure for investment, merging cryptocurrency gains with the residency requirements of the Golden Visa.
Deep dives
Understanding the Portuguese Golden Visa
The Portuguese Golden Visa program, initiated in 2012, allows investors to acquire residency permits in exchange for bringing capital into the country through various investment avenues. Initially, significant investments in real estate or private equity funds were required, but recent legislative changes have tightened these requirements, steering potential investors towards alternatives like private equity funds that invest in local companies. To qualify, investors need to contribute 500,000 euros into a qualifying fund and spend an average of only 14 days in Portugal over two years, making it an attractive option for those seeking not only residency but also citizenship after five years. This program stands out in Europe for its lenient residency obligations, reinforcing Portugal's position as a leading destination for citizenship by investment.
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