The Best Investment Option
Portugal Golden Visa investment funds are regulated financial vehicles that allow non-EU investors to obtain residency by making a qualifying capital investment in fund units, with their capital professionally managed and allocated across multiple Portuguese-based businesses and sectors.
These funds operate under the supervision of Portugal’s securities regulator, the Comissão do Mercado de Valores Mobiliários (CMVM), and must comply with strict legal criteria. Most funds target sectors such as technology, healthcare, renewable energy, agriculture, hospitality, and venture capital, contributing directly to the Portuguese economy.
The Golden Visa fund option requires a minimum investment of €500,000, alongside standard residency requirements, while also allowing immediate family members under the same residency permit.
For Those Seeking Freedom
The Portugal Golden Visa investment fund route is open to adult investors who meet the programme’s legal and financial eligibility requirements.
The list of documents provided below is indicative and may vary based on nationality and circumstances.
Be a third-country national (not holding citizenship from an UE/EEA country);
Have a valid passport;
Have a clean criminal record;
Provide proof of the funds intended for investment and their legitimacy;
Have health insurance;
Submit a statement declaring the intent to proceed with the Golden Visa investment for the full 5 years;
Pay the application processing fee.
Residency with Confidence
We connect you with experienced legal and investment partners and keeping the process organised at every stage. With many years of experience, Portugal Homes helps turn what can feel like a complex application into a smooth, well-supported experience.
Designed to Protect Investors
Clear, Structured, and Disclosed
The minimum investment requirement is €500,000.
The investment Fund option includes government application and processing fees.
These fees vary depending on the number of applicants, such as the main applicant, spouse, dependent children, etc.
Additionally, there are renewal fees because the Golden Visa needs to be renewed every two years until the investor reaches the 5-year mark, after which they can apply for Permanent Residency.
For a large family, the government fees alone for a Golden Visa application can amount to up to €30,000.
In addition, you can also expect the fees below.
These may apply if the fund exceeds profitability targets, with the management company retaining a percentage of the profit.
Often incurred when lawyers with power of attorney handle contract setups; some companies work exclusively with their legal teams.
Commonly involve additional paperwork and detailed examinations necessary for fund investment.
Typically range from 1% to 2% annually, covering the costs of expert management of the fund.
Different Structures, Same Goal
The Portuguese Golden Visa allows investors to diversify their investments across several funds, as long as the minimum investment of €500,000 is reached.
This fund focuses on Portuguese manufacturing companies and circular economy projects, aiming for long-term growth driven by new regulations and market trends.
This fund invests in mid-sized hotels and hospitality assets with potential for improvement, mainly in Lisbon and the Algarve.
This fund invests in projects focused on energy efficiency, renewable energy, and clean technologies, supporting sustainable infrastructure and innovation while targeting long-term, stable growth.
This fund targets high-quality hospitality assets, including hotels, serviced apartments, and food and leisure businesses, primarily in Lisbon and select major European cities with strong tourism demand.
Safeguarding Your Investment
In addition to the standard Golden Visa prerequisites, investing in funds requires specific documentation for validation, which may be requested by the bank, the fund management company, or AIMA.
The following examples outline some of the mandatory documents, though additional paperwork may also be necessary:
A statement from a Portuguese bank confirming the transfer of at least €500,000 for investment in Funds;
A business plan outlining the fund's projected 5-year trajectory and how at least 60% of the capital will be invested in Portugal;
A certificate verifying that the investor, as the primary Golden Visa applicant, has acquired €500,000 worth of units in the investment fund;
Additional documentation related to unit ownership, especially if the applicant is using a corporate setup for for their application.
From Investment to Residency
Investors must commit to a long-term investment plan, typically lasting 8 to 12 years. The experience of the fund-management company and the legal representation by a Portuguese law firm also influence the duration.
Having an exit strategy is key when investing in funds, as capital is typically committed for a longer period than with most other residency options.
Investment funds are primarily designed to generate returns, not to facilitate residency. Fund managers usually seek to exit investments at peak value to maximise performance, which can extend the fund’s overall duration.
As a result, understanding how and when capital may be returned is an essential part of evaluating any Golden Visa–eligible fund.
Below are key considerations.
Investment funds usually run longer than the minimum period required for Permanent Residency or Citizenship. Most funds have a lifespan of 7 to 10 years, and in some cases up to 12 years, so investors should be prepared for a longer-term commitment.
To qualify for Portuguese citizenship, investors generally need to keep their fund investment for at least seven years. In most cases, capital remains invested until the fund reaches the end of its term. Early exits may be possible, but selling fund units before maturity can be difficult and is not always guaranteed.
Some funds allow for extension periods that can extend the original investment timeline. These extensions are typically at the fund manager’s discretion and may lengthen the overall duration of the investment beyond the initial term.
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