Portugal is one of the countries with the highest quality of life in Europe, and also one of the most crypto-friendly countries in the bloc.

Personal crypto trades are exempt from VAT and there are no capital gains or income taxes on these transactions.

Note that businesses engaged in crypto-related activities (such as cryptocurrency exchanges, blockchain start-ups, or cryptocurrency hedge funds) do not benefit from this exemption. These businesses are charged the usual rate of 21% on company income.

Portugal also offers one of the most attractive residency-by-investment programs worldwide.