#1392 Alessandro Palombo | Bitcoin Can Give You Portugal Citizenship?!

Aug 8, 2024

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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INSIGHT

Portugal's Golden Visa Basics

Portugal's Golden Visa lets investors get residency and apply for citizenship after five years by investing €500,000 in eligible funds.
The 2023 law change removed real estate funds from eligibility, prompting new fund structures like Unbound's.

ADVICE

How To Qualify And Maintain Eligibility

Invest €500,000 in a qualifying private equity fund that places ≥50% of NAV in local commercial companies to qualify.
Spend roughly 14 days every two years in Portugal and pass an A2 Portuguese test to apply for citizenship after five years.

INSIGHT

Fiat Only For The Investment

The Portuguese rules require the €500,000 to be deposited in euros from a foreign bank account into a Portuguese bank account.
Direct cryptocurrency payments are not accepted under current regulations.

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Alessandro Palombo is the Co-Founder of Unbound with a mission to design the future of global citizenship. They are using bitcoin indirect exposure to help you get a Golden Visa in Portugal. In this conversation, we talk about how it works, risks, requirements, family implications, and the potential of expanding to other cryptos?

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