How does Portugal's tax policy attract cryptocurrency businesses?

3 answers

• Nov 24, 2021 · 3 years ago
  Portugal's tax policy is attractive to cryptocurrency businesses for several reasons. Firstly, Portugal offers a tax exemption on capital gains from the sale of cryptocurrencies, making it an appealing destination for investors. Additionally, the country has a low corporate tax rate of 21%, which is significantly lower than many other European countries. This allows cryptocurrency businesses to retain more of their profits and reinvest in their operations. Furthermore, Portugal has a non-habitual resident (NHR) program that offers tax benefits to foreign residents, including exemption from taxation on foreign income for a period of 10 years. This program makes Portugal an attractive option for cryptocurrency entrepreneurs and professionals seeking a favorable tax environment. Overall, Portugal's tax policy creates a welcoming and advantageous environment for cryptocurrency businesses to thrive.
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• Nov 24, 2021 · 3 years ago
  Portugal's tax policy is a game-changer for cryptocurrency businesses. With the tax exemption on capital gains and the low corporate tax rate, it's no wonder that many companies are flocking to Portugal. The government's forward-thinking approach to digital currencies has positioned the country as a leader in the cryptocurrency industry. The non-habitual resident program is an added bonus, attracting foreign talent and expertise to contribute to the growth of the sector. Portugal's tax policy is a win-win for both businesses and individuals in the cryptocurrency space.
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• Nov 24, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the benefits of Portugal's tax policy for attracting cryptocurrency businesses. The tax exemption on capital gains and the low corporate tax rate make Portugal an attractive destination for companies in the digital currency sector. Additionally, the non-habitual resident program provides tax advantages for foreign professionals, further enhancing Portugal's appeal. BYDFi encourages businesses in the cryptocurrency industry to consider Portugal as a favorable location for their operations.
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