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Programme guides · Portugal Golden Visa (Fund Investment)

How to Choose a Portugal Golden Visa Fund: Five Things to Check

Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director

Summary

Portugal’s Golden Visa fund route requires EUR 500,000 in a qualifying fund: regulated by the CMVM, with at least five years to maturity, 60% invested in Portuguese companies and no real estate. We set out five things to check when choosing one.

Short answer: the Portugal Golden Visa fund route requires EUR 500,000 in a qualifying fund. The fund must generally be regulated by the CMVM, have at least five years to maturity when you invest, place at least 60% in companies headquartered in Portugal, and not invest in real estate.

Basic fund conditions

Condition Requirement
Regulation Regulated by the CMVM
Term At least five years to maturity when you invest
Investments At least 60% in companies headquartered in Portugal
Real estate No direct or indirect real estate

Five things to check

  1. Manager track record: experience, assets under management and past fund performance.
  2. Strategy: sectors, company stages and diversification.
  3. Term and exit: does maturity fit five years of residence and a later PR or citizenship application?
  4. Fees: subscription, management and performance fees.
  5. Immigration paperwork: can the manager provide the evidence your application needs on time?

Term and your status timeline

You can apply for permanent residence after five years, while the new nationality law generally requires ten years of legal residence for citizenship — see Portugal Golden Visa 2026. Match the fund term to how long you plan to keep the status.

Our advice

Funds are investments: returns aren’t guaranteed and losses are possible. Compare investment quality and immigration support together. See Greece or Portugal Golden Visa.

General information only, not investment advice.

FAQ

Can the fund invest in real estate?

No — qualifying funds cannot invest in real estate directly or indirectly.

What term is required?

Generally at least five years to maturity when you invest.

Is the capital guaranteed?

No — funds are investments and can lose value.

Sources

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