I am planning to lodge my Portugal golden visa application next year but I am still thinking about the property buying process.
At the moment I have my money half in crypto and half in my bank. It won’t be too difficult to transfer my money in my bank once my Portugal bank account is finished but I am still not sure how I am going to cash out my crypto in Portugal. I read that in order to be eligible for the golden visa, one must prove that the fund comes from outside EU. How do I prove that the fund comes from outside EU if it is in cryptocurrency? Also, how do I show that this fund comes from legal source, free from money laundering?
Please give some comments or share experiences if any one of you were in the same position before.
Have you considered taking a loan against your crypto assets? There are several services that allow you to take out loans at 25% to 75% of your crypto asset value. The proceeds of those loans would then be delivered as a bank transfer in USD, that would probably be easy to document for Portuguese government purposes.
Feel free to DM me if you want more details on any of the services, this is the route I’m planning to take for my own GV application next year, so have researched the alternatives quite a bit.