Tag: Cryptocurrency

GrowIN Portugal has announced a partnership with crypto payment provider Utrust

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Updated on December 17, 2021

Faro, December 1st, 2021Portuguese-based Company Formation and Management Turnkey Solutions Provider GrowIN Portugal has announced a partnership with crypto payment provider Utrust to avail cryptocurrency payments as part of its Services Marketplace.

GrowIN Portugal now offers its Client the ability to settle all transactions related to setting up their companies, paying their employees and contractors, and even handling their social security and government fees in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Utrust’s Token (UTK).

Through this partnership, Utrust offers all GrowIN Portugal Clients the possibility to pay and get paid in cryptocurrencies at a discounted rate, thus encouraging the adoption of its robust and seamless payment solutions. Over the last few months, GrowIN Portugal enabled many companies to establish their operations with a fully remote process and a 100% settlement of their service and government fees in cryptocurrencies. 

Portugal offers attractive conditions for crypto and blockchain companies and has recorded a rise in NFT Startups (Non-Fungible Tokens) choosing it as a base for their operations. The country’s legal framework allowing for seamless ICOs (Initial Coin Offerings) and adoption of the SAFT Framework (Standard Agreement of Future Tokens), among other factors, have positioned Portugal as one of the preferred destinations for crypto investors as well.

Currently, Portuguese residents’ crypto earnings are exempt from income tax, and more and more businesses and digital nomads seeking a crypto-friendly and vibrant ecosystem with a pleasant lifestyle are in the process of relocating to Portugal. 

“Portugal has a lot to offer to digital nomads, entrepreneurs, and investors. When we say that the country is technology and crypto-friendly, we mean it.”, said Anas El Arras, Founder, and CEO of GrowIN Portugal. “Our goal is to be the gateway to anyone desiring to incorporate and run a business in Portugal, regardless of where one is and what payment methods one would want to use. Cryptocurrencies are already part of our present and will play an even more important role in the future. Hence, we are very excited to be working with Utrust to democratize and ease access to crypto payments.”

Sanja Kon, CEO of Utrust, is also delighted with the collaboration: “One of our main goals as a company is to ensure that crypto’s enormous potential for change is achieved. Nothing could be more important than providing businesses with the tools to be faster and more efficient so they can dedicate their time to what really matters to them. That’s exactly what this partnership does. “

About GrowIN Portugal

GrowIN Portugal is an innovative consultancy platform, an accredited Incubator & Accelerator, and Company as a Service Platform that helps Entrepreneurs & Investors Incorporate, Fund, Expand, Manage and Move their Businesses to Portugal.

About Utrust

Utrust is a payment solution that allows businesses to accept cryptocurrencies such as Bitcoin and Ethereum, just like they do with traditional ones. With an Invoicing solution and ready-to-be integrated API & plugins for all major e-commerce platforms, Utrust provides all the tools needed to access the untapped Crypto economy (+300 million users and growing).