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The Portugal Golden Visa: Investment Fund Directory 2025 is your essential guide to one of the most popular pathways to residency in Portugal.
Since real estate is no longer an eligible option, investment funds have become the preferred route for many global investors seeking EU residency and long-term growth opportunities.
In this guide, we’ll break down the top qualifying funds, explain how the process works, and show you why 2025 could be the perfect year to invest in Portugal.
What is the Portugal Golden Visa?
The Golden Visa program in Portugal, also known as the Residence Permit Program, is an investment immigration program that grants residency and citizenship rights to foreign investors who make a significant economic contribution to the country.
It was introduced in 2012 to attract foreign investment and stimulate the Portuguese economy.
The Golden Visa program in Portugal provides an expedited pathway for individuals to obtain Portuguese citizenship by investment, thereby granting them a Portuguese passport.
With this passport, individuals gain the freedom to live and work in any European Union country.
Types of Funds in the Portugal Golden Visa Investment Fund Directory
When exploring the Portugal Golden Visa Investment Fund Directory, investors will find several fund categories designed to meet different risk profiles and objectives. The most common include:
1. Venture Capital Funds
These funds invest in innovative startups and high-growth companies, offering strong potential returns while supporting Portugal’s entrepreneurial ecosystem.
2. Private Equity Funds
Focused on established businesses, private equity funds aim to generate value through expansion, restructuring, or acquisitions. They are often seen as a more stable investment route within the Golden Visa framework.
3. Mutual Funds
Common among US investors, some regulated mutual funds may qualify under the Golden Visa program. These provide diversified exposure across multiple sectors and can appeal to investors seeking lower risk and more liquidity.
Top Sectors Represented in the Golden Visa Investment Fund List
The Portugal Golden Visa Investment Fund List highlights a diverse range of sectors, allowing investors to align their residency goals with profitable opportunities. Some of the most prominent include:
1. Technology
Investment funds frequently target Portugal’s growing tech scene, including startups in software, fintech, and artificial intelligence. This sector offers strong potential for long-term growth.
2. Energy
Sustainable and renewable energy projects—such as solar, wind, and green infrastructure—are a major focus. These funds attract investors who want both returns and impact.
3. Agriculture
From wine production to organic farming, agriculture funds offer exposure to Portugal’s rich natural resources and global demand for high-quality products.
4. Tourism & Hospitality (Indirect Exposure)
Although real estate itself no longer qualifies, some funds provide indirect exposure to Portugal’s thriving tourism and hospitality industries through equity or development projects.
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Portugal Golden Visa Investment Fund Directory
Why Invest in Portugal Golden Visa Funds in 2025?
There are several advantages of choosing the Portugal Golden Visa investment funds compared to other investment routes.
1. Diversification
Investors have the flexibility to diversify their investment across multiple funds. This not only allows for a strategic allocation of resources but also enhances the potential for returns by participating in various sectors or projects, such as start-ups or high-growth companies, bonds, sustainable agriculture, hospitality projects, football clubs, self-storage projects or private equity.
2. Professional Management
Investment funds are managed by professional fund managers who have expertise and experience in selecting and managing investments. They make informed investment decisions on behalf of the fund, aiming to achieve the fund’s objectives and maximize returns. This can be beneficial for investors who may not have the time, knowledge, or resources to actively manage their investments.
3. Regulatory Compliance
Regulated investment funds operate under the oversight of regulatory authorities, the Portuguese Securities Market Commission (CMVM), which helps ensure transparency, accountability, and compliance with legal and regulatory requirements. This can provide investors with a level of confidence and security, knowing that their investments are being managed within a regulated framework.
4. Tax Advantages
For non-residents, the withholding tax rate is 0%, meaning no tax is deducted from their income at the source. However, residents are subject to a 10% withholding tax rate.
5. Potential for Capital Appreciation
Depending on the investment strategy and market conditions, investment funds have the potential to generate capital appreciation over the investment period. This can be an attractive feature for investors seeking to grow their wealth and achieve long-term financial goals.
Alternatives to the Golden Visa Portugal Investment Fund
For those who don’t want to pursue the investment fund route, there are several alternative investment options you might consider:
How Can We Assist You?
The Portugal Residency Advisors® can assist you throughout the entire Golden Visa process. Starting with obtaining your NIF number (Portuguese tax identification number) and opening your Portuguese bank account, we ensure all the foundational requirements are in place.
We’ll then connect you with trusted fund managers or other investment professionals to explore eligible opportunities.
Once you’ve selected your preferred investment, we’ll handle the preparation and submission of your Golden Visa application, guiding you every step of the way for a smooth and hassle-free experience.
Get in touch to speak with a specialist today!
Frequently Asked Questions
What is the minimum investment required for the Portugal Golden Visa program?
The minimum starts at €250,000 for cultural contributions. For investment funds, the minimum is €500,000.
Can I invest in residential real estate for the Golden Visa?
No, residential properties and commercial real estate no longer qualify.
Are there any tax benefits for investors in Portugal?
Yes, Portugal offers the Non-Habitual Resident (NHR 2.0) tax regime, which provides significant tax benefits, especially for foreign income.
What types of businesses qualify for the Golden Visa through job creation?
Any business that creates at least 10 jobs in Portugal can qualify for this route.
How long do I need to maintain my investment?
The investment must be maintained for at least five years, the minimum time required to obtain permanent residency or citizenship.
Can I finance my investment for the Golden Visa?
No, the required investment must be made with your own funds, without loans or financing.
Do I need to live in Portugal full-time to maintain my Golden Visa?
No, the program requires you to stay in Portugal for a minimum of 7 days in the first year and 14 days over each subsequent 2-year period.
Can family members be included in my investment application?
Yes, spouses, dependent children, and parents can be included in the Golden Visa application.
What is the average processing time for a Golden Visa application?
The process typically takes 12-18 months, though times can vary depending on the application complexity and AIMA (Immigration Authorities) processing timelines.
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