Tokenize Real Estate in Portugal

Yes. Portugal implemented EU MiCA through Law No. 69/2025. A real estate token that the CMVM considers a security is regulated under securities law (MiFID II), while asset-referenced and e-money tokens fall to the Bank of Portugal. Portuguese platforms are already tokenizing property under this framework.

Yes. Portugal places no nationality restriction on property ownership, and non-residents are taxed on property gains under the same rules as residents. Foreign investors can hold tokenized fractions, and MiCA passporting lets compliant offerings reach investors across the EU.

Portuguese fintech Lympid runs an EU-compliant, white-label real estate tokenization platform from Braga, and the government-backed BLOCKCHAIN.PT consortium explicitly funds real estate tokenization products. Portugal's market is in an early but real growth phase.

Two authorities: the CMVM (Comissão do Mercado de Valores Mobiliários) determines on a case-by-case basis whether a token is a security and supervises issuance and market abuse, while the Bank of Portugal supervises asset-referenced and e-money tokens. Both operate under EU MiCA as implemented by Law 69/2025.

Since 2023, residents and non-residents are taxed alike: only 50% of a property capital gain is taxable, at progressive rates from 14.5% to 48%. Non-residents pay a 28% flat tax on rental income (with deductible costs), plus IMT transfer tax on purchase and annual IMI. Crypto gains are tax-exempt after a 365-day hold. Confirm the treatment of a tokenized holding with a Portuguese tax advisor.

Portugal combines an early, clear MiCA framework (Law 69/2025), CMVM and Bank of Portugal oversight, government backing through BLOCKCHAIN.PT, crypto-friendly taxation, and strong international demand for Lisbon, Porto and Algarve property – a supportive environment for compliant tokenized offerings.