Portugal Golden Visa Funds
100% approval rate. Zero rejections since 2020. We’ve guided 800+ families through Portugal Golden Visa fund investments totaling €100M+.
Portugal Golden Visa Fund Investment: Your Expert Guide
Since 2020, we’ve specialized in guiding investors through Portugal Golden Visa fund investment – the fastest, most flexible, and most preferred route to Portuguese residency and EU citizenship.
While most Golden Visa agencies pivoted to funds after the 2023 real estate restrictions, we’ve focused on fund investment from the beginning. Our team of finance professionals brings 6 years of specialized expertise, deep relationships across Portugal’s fund management industry, and a track record of €100+ million invested on behalf of clients.
40+ CMVM-Regulated Funds Available
€100M+ Invested for Clients
6 Years Specialized Fund Expertise
Partners with all top Portugal fund managers
New to Portugal Golden Visa?
Fund Investment Requirements
All qualifying funds must meet strict CMVM (Portuguese Securities Market Commission) requirements:
- CMVM-supervised and registered in Portugal
- At least 60% invested in Portuguese companies
- Cannot invest directly or indirectly in real estate
- Maximum 1/3 of capital in any single company
- Minimum 5-year fund term
Portugal Golden Visa Investment Fund Options
Important October 2023 Regulatory Update
New restrictions apply to funds with direct or indirect real estate ventures. This affects fund selection and requires careful navigation of current regulations.
Why this matters: Many funds in the market on or before 2023 are no longer eligible for “Golden Visa” under current rules. Our expertise ensures compliance.
17% of New Clients from Referrals in 2025
When clients put their reputation on the line, that’s the ultimate endorsement!
Why Fund Investment for Your Golden Visa?
The Portugal Golden Visa fund route offers distinct advantages over alternatives like job creation, company investment, or donations:
- CMVM-regulated – Professional oversight and investor protection
- Professional Management, lower complexity – Professional fund managers handle everything. No management or employee obligations
- Diversification – Spread €500K across multiple funds, sectors, and strategies
- Cost-efficient – No ongoing operational burdens or top up fees
- Tax-efficient – Most of the fund income and capital gain are tax exempted in Portugal (0% tax)
- Aligned Incentives & Performance-Based Returns – the manager’s interests match yours: both benefit when the fund succeeds.
- Faster processing – 1.5-3 months to application submission
- Liquidity – Easier exit than business
- Flexibility – 40+ CMVM-regulated funds to choose from
By the numbers: Over 95% of Golden Visa applicants now choose the fund route.
1. Regulatory Oversight & Investor Protection
All eligible funds operate under strict CMVM supervision, ensuring transparency, regular auditing, and standardized investor protections. Your investment operates within a secure, regulated framework—not an unregulated private deal.
2. Professional Management
Your capital is actively managed by experienced fund managers with deep market knowledge and sector expertise. no employees to hire or supervise, no business operations to run. Fund managers handle all day-to-day activities.
3. Built-In Diversification
This is the single biggest advantage—and the top concern for Golden Visa investors.
→ Regulatory diversification: By law, no Golden Visa fund can invest more than one-third of its capital in any single company or asset. Most funds spread capital across 10–20 different investments.
→ Multi-fund diversification: You can split your €500K across multiple funds to further reduce concentration risk. Over 80% of our clients invest in 2–3 funds across different sectors—balancing stability and growth while hedging against economic cycles.
→ Access to institutional opportunities: Funds give you entry to asset classes typically unavailable to individual investors—large-scale hotels, commercial farmland, pre-seed startups, international school networks, and infrastructure projects that require significant capital and expertise.The result: Lower risk through diversification across sectors, strategies, and market cycles.
4. Cost Efficiency
Lower entry costs:
- Subscription fees average 0–2%
- Many funds deduct the subscription fee from your €500K investment (not on top of it)
Lower exit costs:
- Most funds charge 0% exit fees at fund level
- Some open-ended funds have introduced exit fees recently—we flag these in our comparisons
Lower ongoing costs:
- Management fees typically range 1–1.5% annually
- Most fees are paid by the fund itself, not invoiced separately to you
5. Tax Efficiency in Portugal
For non-residents from non-blacklisted jurisdictions, fund income and capital gains are 0% taxed in Portugal. This includes:
- Dividend distributions
- Interest income
- Capital appreciation upon exit
This makes funds one of the most tax-efficient Golden Visa routes. (Always consult your home country tax advisor regarding reporting requirements in your jurisdiction.)
6. Aligned Incentives & Performance-Based Returns
Fund managers typically earn performance fees (carry) only when returns exceed a minimum threshold (hurdle rate). Their compensation is directly tied to your returns—creating strong motivation to maximize fund performance.
This alignment means the manager’s interests match yours: both benefit when the fund succeeds.
7. Fast application processing
Average 1.5–3 months from initial consultation to Golden Visa submission, compared to 9+ months for job creation or company investment routes. Professional fund managers handle compliance documentation, streamlining the entire process.
8. Greater liquidity
Funds offer clearer exit pathways thanprivate company investments. While you must maintain investment for the 5-year minimum, most funds have defined redemption terms aligned with Golden Visa timelines. Some open-ended funds offer liquidity windows during the holding period.
9. Flexible, customizable selection
With 40+ CMVM-regulated funds available across sectors (renewable energy, agriculture, hospitality, technology, fixed income, alternatives), you can tailor investments to your specific risk tolerance, return objectives, and portfolio diversification goals. Want conservative capital preservation? Growth exposure? Income generation? There are fund options for each profile.
Available Investment Sectors
Today’s Golden Visa fund market offers access to diverse sectors:
| Renewable Energy | Solar, wind projects supplying Portugal and EU grid |
| Agriculture & Food | Export-focused agribusiness serving EU markets |
| International Education | International schools serving Portugal’s growing expat community |
| Hospitality & Tourism | Hotels meeting growing tourism demand |
| Portuguese SMEs | Growth companies with scale-up potential |
| Technology & Innovation | AI, biotech, and emerging tech ventures |
| Corporate Bonds or credits | Corporate bonds ir credits from banks and insurance companies or government investments |
| Alternative Investments | Specialized strategies including crypto-linked funds |
| Portuguese Stocks | Mainly large cap stocks in the PGI |
This breadth allows you to build a portfolio aligned with your investment philosophy while meeting Golden Visa requirements.
Quick Comparison: Why Not Other Routes?
| Real Estate | Removed as eligible option in 2023 reforms |
| Job Creation (€609,000+) | Must maintain 10 employees for 5 years | High operational risk | 9+ month application process |
| Company Investment (€500,000) | Requires creating 5 jobs | Complex due diligence | Limited quality deal flow |
| Donations (€250,000-€280,000) | Lower entry but capital permanently lost | No returns | No diversification |
| Fund Investment (€500,000) | Professional management | Potential returns | Capital preservation options | Fastest application |
Check out here for a full list of the Portugal Golden Visa investment options and it’s minimum investment threshold.
Job Creation Route
Minimum requirement: Create and maintain 10 full-time jobs for 5 years
The real cost: Based on Portugal’s 2026 proposed minimum salary of €920/month:
- €920 × 14 months (Portugal mandates 14 monthly payments annually) = €12,880 per employee per year
- €12,880 × 10 employees × 5 years = €644,000+
And that’s using minimum wage – actual market salaries are typically higher. Plus minimum salary increases each year.
Additional burdens:
- Active business management throughout 5-year period
- Immediate rehiring if employees leave (to maintain 10-person count)
- Complex documentation proving continuous employment
- Business performance risk if venture struggles
Application timeline: 9+ months due to employment documentation complexity
Bottom line: Higher cost than funds, significant ongoing operational burden, and extended application process.
Company Investment Route
Minimum requirement: Invest €500,000 in a Portuguese company AND create 5 jobs for at least 3 years
The challenges:
Finding quality opportunities – Sourcing a trustworthy, profitable company to invest in requires extensive due diligence and local market knowledge
Concentration risk – Your entire €500K goes into a single private company without the diversification or regulatory oversight of CMVM-regulated funds
Employment obligation – Still requires creating and maintaining 5 jobs for 3 years, with the same hiring, documentation, and management burdens as the job creation route
Application complexity – Lengthy process to structure investment, create jobs, and compile documentationLimited deal flow – Few quality opportunities exist, and those that do are highly specialized
R&D Investment Route
Reality: Highly specialized with very limited market supply and demand. Few qualifying projects exist, and those available require specific technical expertise to evaluate.
Arts & Heritage Donation Route
Minimum contribution: €250,000 (or €200,000 in low-density areas) to approved cultural or heritage projects
The trade-off:
✓ Lower entry point – €250K vs. €500K for funds
✗ Pure donation – Your capital is permanently gone; no preservation or recovery
✗ Zero financial return – No income, no appreciation, no diversification benefit
✗ Single-purpose – Only achieves residency; doesn’t contribute to wealth building
The €500K fund route offers CMVM supervision, professional management, portfolio diversification, potential returns, and capital preservation options – all while meeting Golden Visa requirements
Why Choose The Golden Portugal
Golden Visa Specialists with Fund Market Expertise
Unlike most Golden Visa agencies that pivoted to funds after the 2023 real estate restrictions, we’ve specialized in fund investment from day one.
Our team comes from finance backgrounds – we understand fund structures, performance metrics, and investment terms, not just immigration paperwork.
Our Track Record
6 years
guiding clients through Golden Visa investment
€100+ million
invested carefully on behalf of our clients
40+ funds
available across all asset classes and structures
Relationship
with all top fund managers in Portugal
1.5-3 months
is our average application processing timeline
Recognized
with a strong 4.8 rating on Google reviews
What Sets Us Apart
✓ Comprehensive fund access – Direct relationships with all leading CMVM-regulated fund managers, including both open-ended and closed-ended structures
✓ Fund market knowledge – Finance professionals who can clearly explain fund structures, terms, and how different funds align with different investor goals
✓ Transparent comparison, your choice – We provide comprehensive fund comparison tables showing fees, exit terms, and target returns. No pressure – you choose what fits your needs
How We Guide You Through the Process
Step 1: Discovery Consultation (30-45 minutes) with our CEO/ Founder
We’ll discuss your
- Objective, risk tolerance, timeline needs
- What you need to be aware of when using IRA to fund the investment
- Pros and cons of the fast track method of not opening a Portuguese bank account
Step 2: Fund Comparison & Selection
You’ll receive a comprehensive comparison table of funds with fund brochures matching your profile, with clear breakdowns of fees, terms, and structures. Take time to review, ask questions.
If needed, we will arrange video calls or in person meetings with the fund manager of your shortlisted funds.You choose – We provide clear information so you can make an informed decision.
Step 3: Investment & Application
We support fund subscription documentation, certification of documents, capital transfer guidance, right through to Golden Visa application preparation, and AIMA appointment coordination.
Timeline: 1.5 – 3 months from initial consultation to application submission
Understanding Fund Selection
What to Evaluate in Golden Visa Funds
When comparing funds, key factors include:
- Strategy & team – Management experience, investment thesis, and sector focus
- Financial terms – Fee structure, target returns, and income vs. growth orientation
- Structure & timeline – Open vs. closed-ended, exit terms, alignment with 5-year GV period
- Compliance – CMVM registration and documented Golden Visa eligibility
Managing Risk Through Diversification
Your €500K can be split across multiple funds to reduce concentration risk, balance income and growth objectives, and spread across different sectors and strategies.
Example approaches:
- 2 funds: €250K conservative + €250K growth
- 3 funds: split into 3 sector-specific fund
- 1 fund: €500K if you prefer simplicity
Ready to Start Your Journey?
Your Golden Visa Fund Journey Begins Here
Book Your Free Consultation:
In 30 minutes we’ll:
- Assess your Golden Visa eligibility
- Answer your specific questions
- Outline next steps with no obligation
Portugal Golden visa Investment fund options (Video Interviews with Fund Managers Available)
Choose from over 40 Golden Visa eligible funds from the top fund manager. You are able to split your €500k investment into several fund.
INDEXED FUND
Investing in bonds and gold provides a balanced strategy for wealth preservation, offering steady income from bonds and the safe-haven protection of gold against market volatility and inflation.
QPE BONDS FUND
Focuses on investment-grade bonds (BBB to AAA) and secured credits from established companies.
NET ZERO FUND
Portugal is at the forefront of renewable energy, making major strides in wind and solar power. These investments are fueling sustainability and economic development in the green energy sector.
SHARING FUND
International schools are gaining recognition, making the country a top choice for families. Demand is rising from expatriates seeking top-tier education options for their children.
FLEX SPACE FUND
Co-working spaces are thriving, gaining visibility as hubs for innovation and collaboration. With rising demand, they offer great investment opportunities in the growing remote work and startup scene.
HORIZON FUND
First Golden Visa Fund to combine fixed Income (65%) with exposure to Digital Assets like bitcoin (35%) with superior risk adjusted IRR: 15-20% projected.
3CC PGI FUND
Diversified investments in stocks, bonds, and Bitcoin for a balanced portfolio.
3CC PGG FUND
A high‑liquidity balanced investment solution, designed for non‑U.S. investors, with core allocations to Portuguese corporate bonds, global equities, and Bitcoin.
MERCAN HOSPITALITY FUND
A fund that invests in tourism/ hotels in Portugal. Will have 3 hotels in the fund.
INVINO FUND
A hospitality fund that invests in the first eco and wine tourism sector.
BLUECROW AGROBUSINESS FUND
A tourism fund that invests in undervalued assets of the Portuguese countryside.
CONTAINER FUND
A fund that invest in companies with AI developments and research, and operational AI.
BLUECROW FINANCE FUND
A fund that invest in renewable energy in three continents.
BLUECROW FOOTBALL STRATEGIES FUND
Invests in football clubs in Portugal, France and Spain, mainly in 2nd and 3rd division.
BIOVANCE FUND
Invests in biotech firms in Portugal with growth potential to create values for sell out to large pharma companies.
QPE HOSPITALITY FUND
Hospitality investments in Hilton-serviced apartments, offering early exit options and guaranteed assets (conditions apply).
JWP FUND
A fund that with no leverage that invests in hospitality and tourism including hotels, serviced apartments, student accommodation, senior homes, co-working spaces and so on.
TEJO FUND III
The fund invests in companies in renewable energy, focusing on energy production, solar farms, etc.
ANDO LIVING FUND
A fund that invest in hospitality business with a special focus in serviced apartments and short term stays.
HOTEL INVEST FUND
The fund invests in currently operating hotels, already managing 5 Luxury hotels.
OPTIMIZE FUND
Invests in stocks and bond market. It’s diversification strategy aims at reducing the volatility over the long run.
60 DEGREES FUND
An open ended fund that invest mainly in Portuguese equities. Daily liquidity for redemptions.
OXY PORTUGAL OPORTUNITIES FUND
An open ended fund that invest in Portuguese stocks and bonds, and global equities. Early redemptions allowed
NEW FRONTIERS ENERGY FUND
A fund that invests in Portugal’s renewable energy. Southern Portugal has the perfect climate with incredible hours of sun year round for solar farms
PRIME FUND
An hospitality fund that can invest 300k and get a 200k loan from the fund’s partner to make up the 500k.
GOLDEN LEISURE FUND
A tourism fund that invests in undervalued assets of the Portuguese countryside.
TEPPE EQUITY FUND
The Teppe Equity Venture Capital Fund invests in Portugal’s high-growth hospitality sector, offering a unique low-risk approach with advance-paid yields of up to 21% to enhance investor security and confidence from the start.
IBERIS GREYTECH III FUND
Invest in mid size company with a growth and buyout opportunity.
CAPITAL GREEN FUND
Invest in credits with a fixed income of 6% and put option to buy back after 5 years.
EQTY FUND
Invest in a diversified focus including hospitality, workspace, property tech and sovereign wealth fund.
C2 ATLANTIC FUND
A diversified approach that invest in stock, bond and commodity.
OXY MERCURIO II
invest in small and mid cap business through equity / debt instruments.
OXY MAGELLAN
invest in Portuguese stock and bonds + 40% or less in international stocks.
Contact us for more information on the below Golden Visa investment options
Our Clients Invested in 28 Different Funds in 2025
Proof that we don’t push preferred options. Your fund choice reflects YOUR situation and preference.
FAQ on Portugal Golden Visa Funds Program
Can I split my €500K across multiple funds?
Yes, and we often recommend this for diversification. Most clients invest in 1-3 funds.
What returns can I realistically expect?
Depends on fund type: Capital-preserved (3-6% annually), Balanced (5-9%), Growth-oriented (8-15% target, higher risk).
What if I need my money before 5-6 years?
Some funds offer limited liquidity windows; others have secondary market options. We discuss exit flexibility for every fund recommendation.
Do I need to top up if the fund I invested in underperforms and value under €500k?
How are fund returns and capital gains taxed in Portugal?
No, you don’t need to top up. The fund manager will state in the fund declaration letter of your initial investment amount, which is €500k. This is the documentation that is presented to AIMA to prove your investments and your investment amount.
What about taxes in my home country?
Tax treatment varies by jurisdiction. We recommend consulting your home country tax advisor.
What fees should I expect?
Typical structure: Subscription fee (0-2%), Annual management fee (1-2%), Performance fee (0-20% of gains, often over a hurdle rate). We provide complete fee breakdown for each fund.
Table Of Contents
Articles and Posts
A Complete Guide on How Americans Are Using Their IRA or 401(k) to Invest in Portugal’s Golden Visa
Why Families Choose The Golden Portugal
A Boutique Agency Built Differently
While most immigration firms spread thin across dozens of countries, we've made a deliberate choice: 90% of our practice is Portugal Golden Visa. This focus isn't limiting—it's liberating.
- The Result
- 800+ families served since 2020
- 4.8/5 Google rating
- 100% approval rate since 2020
- 17% referral rate in 2025
- 28 different funds chosen by clients for Golden Visa investment in 2025
Speed Without Shortcuts
International clients working with Portuguese systems often experience frustration with response times and communication gaps. We bridge that gap with 48-hour guaranteed SLA* for all inquiries throughout your entire 5-7 year journey, proactive updates, and direct founder escalation
*during business day
Global Expertise Meets Local Knowledge
Team from 4 continents speaking 9 languages. We bridge international service standards with Portuguese bureaucratic realities—combining global perspective with on-the-ground local expertise. Our entire team operates from Portugal, on the ground where your application is processed.
Your Dedicated Team
Dedicated legal counsel + account manager from day one through citizenship—no rotating handlers. With every document reviewed personally by your designated lawyer. No AI, no offshore processing. You have direct contact with your lawyer, fund managers, and bank managers—not filtered through intermediaries.
Beyond the Visa
Most agencies celebrate when your Golden Visa is approved, then disappear. We’re structured for the entire 5-7 year journey: residency → permanent residency → citizenship. One team. Start to finish.
Ready to Start Your Journey?
What happens in your first call:
1. We assess your specific situation, goals, and timeline
2. We map eligible pathways (often multiple options)
No pressure. No commitment. 100% confidential.
Testimonials
What they say about us!
A proven track record of 800+ successful Portugal Golden Visa cases and an average 4.8-star rating
