Portugal offers Golden visa for investing in investment and venture capital funds. Some 5% of the residence permits issued are for capital transfers investments in Portugal.

For Golden visa program, Portugal requires a Capital transfer of the amount of 350,000 Euros, or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalisation of companies. The conditions for capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is,

  • Investment must be held for at least, of five years and, at least,
  • 60% of the investments is realized in commercial companies
  • Head office in national territory

It is important to remember that if you have dual EU status, you will be ineligible for GV program. (you will only qualify for Non habitual residency)

Portugal offers a number investment funds for foreign investors for the purpose of GV program. The investment funds may be interesting  as it has less overhead compared to real estate investment. For some applicants who have investing background may find it useful as these funds are controlled by dedicated investment managers freeing you from oversight.

You can expect yields about 3-5% which will cover all the fund expenses and it will be profitable for you after the first year on the top of 350k investment.

Please note from Jan 1, 2022 onwards, amended Portugal Golden Visa legislation will increase the minimum required to purchase investment funds by to 500,000 euros (from 350k)

Please note the minimum investments for the funds may range from 50,000 euros to 500,000 euros per unit and the holding period ranges from 5-10 years.

We have compiled full list of investment funds and venture capital funds from CMVM (see below)

Fund Costs

Here are the brief overview of costs you should expect from subscribing to an Portugal investment fund

  • Subscription fee – 1%-5%
  • Annual Fund management fee – 0.75% to 2.75% of the funds value
  • Additional Legal costs
  • Success fee (paid to fund managers) when dissolving the fund
  • GV fees paid to SEF

Fund Returns

You should expect returns of 3-5% a year, for example when the fund ends in 5-10 years.

Fund Risks

All investment funds are exposed to risks which could lead to capital loss. due to global events (eg. Covid pandemic) . Do your risk analysis by closely evaluating all balance sheets, performance of funds and background of company and fund managers. Invest wisely. As an online platform, we do not provide investment advice to clients.

Full List

Below are full list of investment funds approved and monitored by Portugal Securities commission (CMVM) Please note some of the funds are not available for Golden visa applications and US citizens.

1. Real Estate Investment Funds

2. Venture Capital Funds

Venture capital funds are pooled investment funds that manage the money of investors who seek private equity stakes in startups

3. Securities Investment Funds

A security is a fungible, negotiable financial instrument that represents some type of financial value, usually in the form of a stock, bond, or option. There are five main categories of securities investment funds: treasury funds, bond funds, equity funds, mixed funds and funds of funds.

Source: CMVM Portugal