Short answer: Portugal Golden Visa funds must be regulated, generally have a term of at least five years, invest at least 60% in Portuguese companies, and must not be real-estate based. Beyond eligibility, assess fees, liquidity, underlying risk and whether exit affects residence.
Eligibility direction (summary)
- Funds regulated under Portuguese law
- Term meeting the rules (often at least five years)
- Required share of investment in Portuguese companies
- Not the old real-estate route
Questions to ask when selecting
- Is it confirmed as eligible for immigration / AIMA purposes?
- What are total subscription and management fees?
- Does the lock-up match the five-year residence and ten-year citizenship timeline?
- What is the exit process and could it affect renewal?
- Are the underlying assets and risk acceptable?
Points to note
- Funds carry investment risk; capital is not guaranteed.
- Processing often takes 18–24 months or more; capital may be committed early.
- Citizenship is now generally about ten years — align fund term with life plans.
See Portugal Golden Visa.