Compare Golden Visa

Investment Funds

Compare Golden Visa Investment Funds

The table below is a snapshot of some of Portugal’s leading Golden Visa investment funds. A more detailed version can be downloaded below.

The information and provided by the fund managers and fund advisors themselves. Please read the Definitions section below to help make sense of all the terminology.

Fund

Name

Fund

Name

Fund

Name

Investment

Sector

Investment

Sector

Investment

Sector

Investment

Profile

Investment

Profile

Investment

Profile

Min.

Investment

Min.

Investment

Min.

Investment

Subscription

Deadline

Subscription

Deadline

Subscription

Deadline

Fund

Lifetime

Fund

Lifetime

Fund

Lifetime

Open to US

Citizens?

Open to US

Citizens?

Open to US

Citizens?

More

Info

Terra Nova FCR

Agriculture

Farmland (Buy & Lease)

€100,000

September 2024

8 Years

Sharing Education Fund

Education

Development of premium international school campuses

€100,000

January 2027

12 years

Pela Terra II: Regenerate

Agriculture

Farmland (Operate & Regenerate Soil)

€200,000

October 2025

8 years

Oxy Mercúrio Fund

Agriculture

Mature SMEs/Mid-Caps

€100,000

December 2024

7 years

Optimize Golden Opportunities Fund

Agriculture

Large cap companies

€1,000

Open-Ended

No Lock-in

New Frontiers Energy Fund

Renewable Energy

Solar installations & Development

€50,000

August 2024

8 years

InVino

Agriculture

High growth potential eco & wine hospitality & agroforestry companies

€200,000

July 2025

8 years

Greytech Co-Investment Fund

Agriculture

Established mid-market companies

€50,000

July 2025

8 Years

BlueCrow Finance Fund

Renewable Energy

Financing renewable energy infrastructure projects

€100,000

December 2025

8 years

Biovance Capital Fund I

Agriculture

Early-stage startups developing novel drugs/therapeutics

€250,000

June 2025

10 years

AIM Forest Fund

Agriculture

Forestry plantation & Carbon credits origination

€200,000

October 2024 🗓️

10 years

Definitions

Fund Manager

Responsible for implementing the fund’s investment strategy, managing its trading activities, and complying with CMVM regulations.

Fund Manager

Responsible for implementing the fund’s investment strategy, managing its trading activities, and complying with CMVM regulations.

Fund Manager

Responsible for implementing the fund’s investment strategy, managing its trading activities, and complying with CMVM regulations.

Fund Advisor

Provides guidance and direction to the fund’s investment strategy. Usually very experienced and highly specialized in a particular sector.

Fund Advisor

Provides guidance and direction to the fund’s investment strategy. Usually very experienced and highly specialized in a particular sector.

Fund Advisor

Provides guidance and direction to the fund’s investment strategy. Usually very experienced and highly specialized in a particular sector.

Investment Profile

Refers to the types of investments the fund is targeting within a particular sector. For example, in the case of real estate, there are investment opportunities across a range of profiles – residential, tourism, retail, hospitality, and student accommodation.

Investment Profile

Refers to the types of investments the fund is targeting within a particular sector. For example, in the case of real estate, there are investment opportunities across a range of profiles – residential, tourism, retail, hospitality, and student accommodation.

Investment Profile

Refers to the types of investments the fund is targeting within a particular sector. For example, in the case of real estate, there are investment opportunities across a range of profiles – residential, tourism, retail, hospitality, and student accommodation.

Minimum Investment

The value which an investor must commit to the fund in order to enter. Funds that are designed specifically for the Golden Visa usually have a €350,000 threshold but other Golden Visa-eligible funds have minimum investment values starting at €50,000. However, until the end of 2021, the minimum investment amount into funds to qualify for the Golden Visa is €350,000.

Minimum Investment

The value which an investor must commit to the fund in order to enter. Funds that are designed specifically for the Golden Visa usually have a €350,000 threshold but other Golden Visa-eligible funds have minimum investment values starting at €50,000. However, until the end of 2021, the minimum investment amount into funds to qualify for the Golden Visa is €350,000.

Minimum Investment

The value which an investor must commit to the fund in order to enter. Funds that are designed specifically for the Golden Visa usually have a €350,000 threshold but other Golden Visa-eligible funds have minimum investment values starting at €50,000. However, until the end of 2021, the minimum investment amount into funds to qualify for the Golden Visa is €350,000.

Fund Lifetime

Also referred to as Fund Term. This is the period of time that the fund will be open. This total Fund Lifetime is typically split into Subscription Period, Investment Period, and Liquidation Period. It usually stretches from 6 to 10 years. All the funds presented here have declared that they will be operating for a minimum of 6 years so that all of their Golden Visa investors may hold their investment for the required period of time. It is usually possible to extend the Fund Lifetime, if necessary.

Fund Lifetime

Also referred to as Fund Term. This is the period of time that the fund will be open. This total Fund Lifetime is typically split into Subscription Period, Investment Period, and Liquidation Period. It usually stretches from 6 to 10 years. All the funds presented here have declared that they will be operating for a minimum of 6 years so that all of their Golden Visa investors may hold their investment for the required period of time. It is usually possible to extend the Fund Lifetime, if necessary.

Fund Lifetime

Also referred to as Fund Term. This is the period of time that the fund will be open. This total Fund Lifetime is typically split into Subscription Period, Investment Period, and Liquidation Period. It usually stretches from 6 to 10 years. All the funds presented here have declared that they will be operating for a minimum of 6 years so that all of their Golden Visa investors may hold their investment for the required period of time. It is usually possible to extend the Fund Lifetime, if necessary.

Investment Sector

Refers to the market sectors into which the Fund Managers and Advisors intend on investing the fund’s resources. Most Golden Visa funds in Portugal focus on real estate; Yielding Assets are those which have tenants paying a rental income, Developments are those which are purchased, upgraded/value-added, and then sold for a profit. A smaller portion of funds invests into sectors such as technology, agriculture, manufacturing, and Government bonds. Some funds specialize in one sector whilst others diversify between multiple sectors.

Investment Sector

Refers to the market sectors into which the Fund Managers and Advisors intend on investing the fund’s resources. Most Golden Visa funds in Portugal focus on real estate; Yielding Assets are those which have tenants paying a rental income, Developments are those which are purchased, upgraded/value-added, and then sold for a profit. A smaller portion of funds invests into sectors such as technology, agriculture, manufacturing, and Government bonds. Some funds specialize in one sector whilst others diversify between multiple sectors.

Investment Sector

Refers to the market sectors into which the Fund Managers and Advisors intend on investing the fund’s resources. Most Golden Visa funds in Portugal focus on real estate; Yielding Assets are those which have tenants paying a rental income, Developments are those which are purchased, upgraded/value-added, and then sold for a profit. A smaller portion of funds invests into sectors such as technology, agriculture, manufacturing, and Government bonds. Some funds specialize in one sector whilst others diversify between multiple sectors.

Investment Location

Simply states which countries the fund intends to target. Although the majority of funds are focused solely on Portugal, the rules mandate that 60% of the fund’s resources must be invested inside Portugal whilst it is permissible to invest 40% outside Portugal. Most Fund Managers/Advisors who choose to invest a portion of funds outside Portugal have a track-record in those other markets.

Investment Location

Simply states which countries the fund intends to target. Although the majority of funds are focused solely on Portugal, the rules mandate that 60% of the fund’s resources must be invested inside Portugal whilst it is permissible to invest 40% outside Portugal. Most Fund Managers/Advisors who choose to invest a portion of funds outside Portugal have a track-record in those other markets.

Investment Location

Simply states which countries the fund intends to target. Although the majority of funds are focused solely on Portugal, the rules mandate that 60% of the fund’s resources must be invested inside Portugal whilst it is permissible to invest 40% outside Portugal. Most Fund Managers/Advisors who choose to invest a portion of funds outside Portugal have a track-record in those other markets.

Annual Management Fee

A fee paid from the fund’s resources to the Fund Managers and Advisors for their ongoing management work. It typically ranges from 1% to 2.5% and is not subject to performance.

Annual Management Fee

A fee paid from the fund’s resources to the Fund Managers and Advisors for their ongoing management work. It typically ranges from 1% to 2.5% and is not subject to performance.

Annual Management Fee

A fee paid from the fund’s resources to the Fund Managers and Advisors for their ongoing management work. It typically ranges from 1% to 2.5% and is not subject to performance.

Annual Distribution Target

Refers to an amount that the Fund Managers have set as a target to pay out to investors each year. It is usually expressed as a percentage of the investment amount which is net of fund costs. This figure usually ranges from 3-5% but it’s important to remember that is a target rather than a guarantee.

Annual Distribution Target

Refers to an amount that the Fund Managers have set as a target to pay out to investors each year. It is usually expressed as a percentage of the investment amount which is net of fund costs. This figure usually ranges from 3-5% but it’s important to remember that is a target rather than a guarantee.

Annual Distribution Target

Refers to an amount that the Fund Managers have set as a target to pay out to investors each year. It is usually expressed as a percentage of the investment amount which is net of fund costs. This figure usually ranges from 3-5% but it’s important to remember that is a target rather than a guarantee.

Subscription Fee

Refers to the cost paid by an investor when entering into the fund. It is paid in addition to the investment amount and is used to cover administration, marketing, and fund-raising costs. Subscription Fees vary from fund to fund for a number of reasons.

Subscription Fee

Refers to the cost paid by an investor when entering into the fund. It is paid in addition to the investment amount and is used to cover administration, marketing, and fund-raising costs. Subscription Fees vary from fund to fund for a number of reasons.

Subscription Fee

Refers to the cost paid by an investor when entering into the fund. It is paid in addition to the investment amount and is used to cover administration, marketing, and fund-raising costs. Subscription Fees vary from fund to fund for a number of reasons.

Subscription Period

The maximum period in which the fund will be open to receiving new investment. In some cases, funds may reach their total investment capacity before the formal end of the subscription period and will therefore close the fund to new investment earlier than planned.

Subscription Period

The maximum period in which the fund will be open to receiving new investment. In some cases, funds may reach their total investment capacity before the formal end of the subscription period and will therefore close the fund to new investment earlier than planned.

Subscription Period

The maximum period in which the fund will be open to receiving new investment. In some cases, funds may reach their total investment capacity before the formal end of the subscription period and will therefore close the fund to new investment earlier than planned.

Overall Return Target p.a.

The targeted annualized return paid out by the fund to each investor expressed as a percentage of their initial investment. The figure combines the Annual Distribution Target and the net profit distribution (after deducting the Performance Fee) divided by the number of years invested. Those funds considered to be more passive and low-risk typically set a lower Overall Return Target p.a compared to the more active, dynamic funds.

Overall Return Target p.a.

The targeted annualized return paid out by the fund to each investor expressed as a percentage of their initial investment. The figure combines the Annual Distribution Target and the net profit distribution (after deducting the Performance Fee) divided by the number of years invested. Those funds considered to be more passive and low-risk typically set a lower Overall Return Target p.a compared to the more active, dynamic funds.

Overall Return Target p.a.

The targeted annualized return paid out by the fund to each investor expressed as a percentage of their initial investment. The figure combines the Annual Distribution Target and the net profit distribution (after deducting the Performance Fee) divided by the number of years invested. Those funds considered to be more passive and low-risk typically set a lower Overall Return Target p.a compared to the more active, dynamic funds.

Performance Fee

The percentage of the final profits distributed to the Fund Advisors at the end of the Fund Lifetime, after the Liquidation Period. It is expressed as a percentage of profits above the Annual Distribution Target. The Performance Fee varies significantly from fund to fund and is typically a commercial decision acting as a reflection of a) how active the Fund Advisors have been during the Fund’s Lifetime, and b) the greater overall profits which are typically associated with such activities. For example, a fund that has focused on actively sourcing, renovating, and selling residential development projects might set a higher Performance Fee than a fund that has focused on passive, yielding real estate assets.

Performance Fee

The percentage of the final profits distributed to the Fund Advisors at the end of the Fund Lifetime, after the Liquidation Period. It is expressed as a percentage of profits above the Annual Distribution Target. The Performance Fee varies significantly from fund to fund and is typically a commercial decision acting as a reflection of a) how active the Fund Advisors have been during the Fund’s Lifetime, and b) the greater overall profits which are typically associated with such activities. For example, a fund that has focused on actively sourcing, renovating, and selling residential development projects might set a higher Performance Fee than a fund that has focused on passive, yielding real estate assets.

Performance Fee

The percentage of the final profits distributed to the Fund Advisors at the end of the Fund Lifetime, after the Liquidation Period. It is expressed as a percentage of profits above the Annual Distribution Target. The Performance Fee varies significantly from fund to fund and is typically a commercial decision acting as a reflection of a) how active the Fund Advisors have been during the Fund’s Lifetime, and b) the greater overall profits which are typically associated with such activities. For example, a fund that has focused on actively sourcing, renovating, and selling residential development projects might set a higher Performance Fee than a fund that has focused on passive, yielding real estate assets.

Eligible for US Citizens

States whether or not the fund is compliant with the requirements of US investors. All Golden Visa funds presented here have declared that they are compliant and that US Citizens are eligible.

Eligible for US Citizens

States whether or not the fund is compliant with the requirements of US investors. All Golden Visa funds presented here have declared that they are compliant and that US Citizens are eligible.

Eligible for US Citizens

States whether or not the fund is compliant with the requirements of US investors. All Golden Visa funds presented here have declared that they are compliant and that US Citizens are eligible.

For a more detailed look at the various funds including subscription fees, target investment returns, and performance fees please download the Detailed Fund Comparison.

For a more detailed look at the various funds including subscription fees, target investment returns, and performance fees please download the Detailed Fund Comparison.

Request the Detailed Fund Comparison in PDF

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Everything you need in one place

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About

Helping you understand investment and venture capital funds that qualify for Portugal’s Golden Visa

Disclaimer

Golden Visa Funds Portugal is not a legal nor financial advisor. As such, no information on our site, emailed, or communicated via a meeting or phone call should be interpreted as legal or financial advice.We connect potential investors to professional lawyers and financial advisors. We strongly suggest all potential investors seek out formal legal advice.

Copyright © Golden Visa Funds Portugal

Everything you need in one place

Our team of experts & legal partners are available for a complimentary Discovery Call to answer your questions and offer personalised advice based on your unique situation. We're here to help!

About

Helping you understand investment and venture capital funds that qualify for Portugal’s Golden Visa

Disclaimer

Golden Visa Funds Portugal is not a legal nor financial advisor. As such, no information on our site, emailed, or communicated via a meeting or phone call should be interpreted as legal or financial advice.We connect potential investors to professional lawyers and financial advisors. We strongly suggest all potential investors seek out formal legal advice.

Copyright © Golden Visa Funds Portugal

Everything you need in one place

Our team of experts & legal partners are available for a complimentary Discovery Call to answer your questions and offer personalised advice based on your unique situation. We're here to help!

About

Helping you understand investment and venture capital funds that qualify for Portugal’s Golden Visa

Disclaimer

Golden Visa Funds Portugal is not a legal nor financial advisor. As such, no information on our site, emailed, or communicated via a meeting or phone call should be interpreted as legal or financial advice.We connect potential investors to professional lawyers and financial advisors. We strongly suggest all potential investors seek out formal legal advice.

Copyright © Golden Visa Funds Portugal