Investors can qualify for the Portuguese Golden Visa by investing at least EUR 500,000 in one of the investment funds listed in the table below.
Since 2018, interest in this Golden Visa qualifying investment class has risen sharply and will increase further following the 2023 rules change.
Sort and filter the chart to find suitable investment funds. All are certified by CMVM, the Portuguese Securities Market Commission (similar to the SEC in the United States). If you find an error in our data, please do not hesitate to reach out to us directly: alexandra@imidaily.com
| Fund Name | Mgmt. Fee (% p.a.) | Fund Close | Lifecycle (years) | Minimum Investment | Target p.a IRR (%) | Fund Auditor | Subscription Fee | Fund Manager | Fund Advisor | Asset classes |
|---|---|---|---|---|---|---|---|---|---|---|
| Self-Storage I | 1.00% | 2023-3 | 7 | €150,000 | 7% | BDO | 1.0% | Insula Capital | Colares Capital | Other: Self-Storage |
| Pela Terra | 0.95% | 2025-9 | 7 | €100,000 | 10% | Deloitte | 1.0% | STAG | Impacto Pela Terra | Agricultural |
| Saratoga POR 1 | 0.55% | Continuous | Open-ended | €250,000 | 6% | FinTax | 0.0% | AIFCAP | Saratoga Capital | Mixed, ESG |
| Iberis Bluetech | 0.50% | 2023-1 | 8 | €257,500 | 15% | Ernst & Young | 3.0% | Iberis Capital | Technology | |
| BlueCrow Growth | 1.00% | 2023-1 | 7 | €52,500 | 6% | 5.0% | Bluecrow | Mixed | ||
| MedCapital | 2.00% | 2025-1 | 10 | €150,000 | 20% | Ernst & Young | 1.0% | C2 Capital | Healthcare, Commercial RE | |
| Portugal Gateway | 2.00% | 2022-9 | 10 | €100,000 | 12% | BDO | 0.0% | Portugal Ventures | Kigeni | Technology |
| ActiveCap Opportunities | 2.00% | 2024-1 | 10 | €250,000 | 13% | ORA | 2.0% | ActiveCap CP | ActiveCap CP | Mixed |
| impACT NOW | 2023-7 | 10 | €100,000 | Heed Capital | Impact Now | ESG, Startups | ||||
| Indico Blue | 2023-9 | 10 | €250,000 | Indico CP | ESG, Startups | |||||
| Planeur | 2023-1 | 10 | €350,000 | Mixed | ||||||
| Sustainable Innovation | 2022-8 | 6 | €250,000 | KPMG | Grosvenor | Healthcare, ESG, Startups | ||||
| Gaia | 2023-9 | 8 | €150,000 | BDO | Insula Capital | Agricultural | ||||
| Aretha Portugal Vision | 0.67% | 2024-5 | 10 | €50,000 | 10% | KPMG | 0.0% | Cedrus Capital | Aretha Capital | Mixed |
| TerraNova | 1.50% | 2024-7 | 8 | €100,000 | 8% | Deloitte | 1.5% | Quadrantis | Terra Verde | Agricultural |
| Growth Iberia | 2.00% | 2024-1 | 10 | €250,000 | 20% | Deloitte | 2.0% | Growth Partners Capital | Mixed | |
| Optimize Portugal Golden Opportunities | 1.8% | Continuous | Open-ended | €1,000 | Mazars | 1.0% | Optimize Investment Partners | Equities, Bonds | ||
| Marcha VC Fund | 3.0% | 2036-1 | 14 | €250,000 | 10% | Mc Godinho & Associados | 0.0% | INQBT | INQBT | Mixed |
| Container Fund | 2.0% | 2033-1 | 10 | €50,000 | 15% | BDO | 2.0% | Celtis Venture Partners | Celtis VC Partners | Technology |
| InDexed Fund FCR | 2.0% | 2033-1 | 10 | €50,000 | 7% | BDO | 2.0% | Celtis Venture Partners | Celtis Venture Partners | Equities, Bonds |
| Mercurio Fund | 2.0% | 2025-1 | 7 | €100,000 | 15% | Ernst & Young | 0.0% | Oxy Capital | Mixed |
Fund investment will be the primary qualification route for the golden visa going forward. Here are four crucial elements to keep in mind.
Golden Visa funds must now limit their real estate exposure. Bluecrow details the most attractive sectors for fund investments going forward.
Meanwhile, the number of golden visas issued to American applicants has tripled in the same period. That is unlikely to be a coincidence.
Following the success of its residential real estate funds, Optylon Krea is making a big bet on the booming high-street retail market.
An interview with Safak Nervo, Optylon Krea’s CCO, on the company’s beginnings, rapid growth, and plans for the future.
Qualive has a track record of producing over 20% p.a. returns for investors since 2016. Now, golden visa investors can get exposure to the same performance via fund investment.
Considering the clip at which Americans have been applying this year, they are likely to place 3rd in the all-time ranking within months.
American applicants and fund investments reach record highs while Chinese participation and per-applicant average investment hit record lows.
Investment in golden visa funds has already surpassed last year’s total, indicating fund investment could more than triple this year.
See our new Portugal Golden Visa Investment Funds page; Comparison chart, statistics, and articles about golden visa eligible funds.
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