Fundbox, which is based on Lisbon with the Kvarn X trading platform, launches the Kvarnportugugal box, which is a product of its kind based on the Coindsk 20 index that helps people who invest at least 500,000 euros in the box easily stay there.
Here, Jason Dominic, co -founder of Kvarnportugal and Anders Bjorkman, the asset manager in the fund, discussed why many individuals who deserve high networks to Portugal now flow, and how their new box makes them simple to create a backup plan for the unexpected world.
Question: Can you tell us what the origin of this product is?
Jason: We realized that there is this great development that occurs in Portugal about Fintech and Crypto, and our fund is also qualified to obtain a “Portuguese golden visa”, which gives residence rights to people who invest at least 500,000 euros in the country. So we thought, is it not great for someone to marry both of the two and be able to attract this emerging new market? So, if you want to invest in Bitcoin and Coindesk 20, we have merged into a unique box where you put the minimum amount for a golden visa, and then it is invested 100 percent through a Portuguese company, it is qualified golden visa.
We have made a partnership with the Coindsk 20 index because that gives you a nice varied spread. There is now a great demand for Portuguese residence through such an investment product, and the United States is the world’s first market for Portuguese golden visas. There is also a sympathy with this in terms of growth in encryption, especially with what is going on politically in America. Also in Asia, you have China, the second largest Portuguese golden visa market. Hong Kong also officially embraced an encryption with the Coindsk consensus event that he attended greatly there. The Financial Secretary gave an editorial speech to welcome the city’s encryption work, and in his new budget that has just been announced, brought new policies to achieve this. Hong Kong is expected to be a major center for encryption assets over the next few years.
Question: What is very attractive in Portugal now?
Jason: In the past five years to the past six, Portugal has become a Latin Latin Swiss. There was a real development of the wealth that moved to the country, along with the increasing entrepreneurship. This is related to the presence of a restructuring of the post -economy economic crisis, as the government brought all these new tax reforms and made it tax -free for people for a period of ten years on some income abroad, and made investments such as encryption completely exempt from taxes in many cases. So there is a large migration of wealth that occurs worldwide and Portugal is one of these main axes, in addition to Dubai.
Anders: There is also a prosperous encryption community here – many meetings, projects, etc. and many people participating in the encryption around the Lisbon area. It is the best place to encrypt in all of Europe, if you ask me.
Jason: The thing related to people with highly high value is that they tend to need to move. And if you look at how this product works, they should be already in Portugal for 35 days for five years, and then they will be qualified to obtain permanent residence or passport. Everything is mixed in one product and is tax -free, which they are always looking for. It is for people who want to get a B plan, or want to get another stay without a lot of tendons.
Question: Why do many wealthy people look forward to staying elsewhere these days?
Jason: This year is formed to be a record year for wealth migration. the The latest studies It is expected that about 142,000 individuals of highly high value from the United States, China, the United Kingdom, Brazil, India, South Africa and Vietnam will move.
Reasons why a mixture of things. First, there is all this global instability, and it is similar to how the wealthy used to obtain holiday homes; Now they want to have a second passport option for the family. Also, its governments may have become very heavy, like what has just happened in the UK in the past few months, for example, has left more than 10,000 million million UK mainly due to the tax system changes with the labor government. In China, it comes to geopolitical transformations and the desire to diversify to other origins. With the presence of Covid and Lockdown that lasted there for about two years, many individuals in China’s nets in China want to have the option, if this happens again, so that they can reach a plane and go to Europe and do not worry about obtaining a visa.
In the United States, it comes to what is going on politically because things are very polarized. People only want to get a safe exit strategy if they need one. Therefore, it is mainly related to what is happening worldwide – the world has become more predictable and unstable. Portugal is now a firm safe haven.
Question: How to distinguish Fundbox, the director of the Kvarnportugal Fund, from the competing asset managers?We are very careful with customers on board. We make sure that everything is done properly with due care, and follow all the regulations of the Portuguese regulator. It does not matter where you are and how much money you have – if you do not fit legal standards, you are not simply allowed to invest. There is a big team. There are about 33 people in the office and it is a multidisciplinary company. So we have attorneys, compliance staff, Onboarding, etc. In addition to investment managers.
a question: Should you be a golden visa candidate to invest in your fund?No, the box is not open to individuals of highly high value. The minimum investment is 100,000 euros. So it is played similar to ETF like Blackrock’s, for example, where you can put less quantities. And if you just want to sit there and manage your entire encryption investments, this is an easy way to do this.
For more information, please visit: https://www.kvarnportugal.com/.
The authors’ opinions and their opinions are their own and are not related to Coindsk indicators. The interview was conducted by Coindsk Indices and is not linked to Coindesk editorial.
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