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Portugal was one of the safe havens for people who made lots of money in crypto because you could get away with paying no taxes at all!
Was this too good to be true? Was it accidental? Something that will end in just a matter of time?
Tax loopholes are very rare, and they often close after some time – unfortunately, this is what’s happening with Portugal taxing crypto.
There are strong indicators that Portugal will introduce crypto taxation in the near future.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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