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Portugal Golden Visa Investment Funds 2023
The majority of Golden Visa Investors opt to purchase real estate and we have an extensive property investment portfolio. However we are experiencing a sharp increase of interest in the Portuguese Golden Visa Investment funds option.
This alternative route to the Golden Visa requires that the investor purchases a minimum of €500,000 in Portuguese Golden Visa investment funds or venture capital funds dedicated to the capitalization of companies, whose maturity, at the moment of the investment is, at least, of five years.
Funds are regulated by the Portuguese Regulator CMVM and in order for the fund to be eligible as a Golden Visa investment a minimum of 60% investments must me made into commercial companies with head office in Portugal.
This alternative route to the Golden Visa requires that the investor purchases a minimum of €500,000 in Portuguese Golden Visa investment funds or venture capital funds dedicated to the capitalization of companies, whose maturity, at the moment of the investment is, at least, of five years.
Funds are regulated by the Portuguese Regulator CMVM and in order for the fund to be eligible as a Golden Visa investment a minimum of 60% investments must me made into commercial companies with head office in Portugal.
There are a number of key advantages to Portuguese Golden Visa Investment Funds are as follows:
| Low Investment Option | The standard real estate investment option requires a minimum investment of €500,000 while the bank deposit option requires a €1 million transfer. The Portuguese Golden Visa Investment funds route also requires an investment of just €500,000. |
| Lower Fees and Taxes | While it is also possible to invest just €350,000 EUR into certain real estate projects that require renovations (or €280,000 for such projects located in an area of low density) the investment fund option of course comes without any the fees and taxes that are associated with real estate investments in Portugal. |
| Secure Investment | Investment funds in Portugal are subject to high levels of regulation by the Portuguese CMVM, National Bank and the Tax Authorities. Funds investors need to have their investment plan approved by authorities which must comply with must national legislation, tax laws.
There are also limits to how much of particular asset can make up the total investment portfolio within the fun which encourages diversification constitute of the total fund portfolio. This allows for diversification which in turn can reduces the risk for investors. Portuguese Golden Visa Investment Funds are generally low to medium risk and offer a secure investment. |
| Tax-Efficiency | In many cases Portuguese golden Visa Investment funds can provide a tax efficient strategy for investors. Income generated by funds and paid to non-tax residents is in some cases tax exempt from withholding taxes allowing the investor to earn yields in a tax efficient manner. Those that invest in real estate meanwhile, will be subject to a 28% tax rate on Rental income. |
| Quick, Easy & Hassle Free | There is no need to travel to Portugal to participate as an investor in an investment fund since everything can be done remotely and it is a very straightforward process to invest which can have a significant impact on the timeline of your application. Many of the Golden Visa specific funds either match the length of the Golden Visa and its pathway to citizenship or allow for an early withdrawal. (6-7 years) |
| Earning Potential | Depending on the performance of the fund the investor may have the opportunity to earn significantly higher returns from his investment. |
| Unique Investment Opportunities | Investors have the opportunity to participate in funds that hold a number of different asset classes included government bonds, real estate and companies. We are seeing a significant increase in Portuguese Golden Visa applicants choosing the investment fund route now that recent Golden Visa reforms mean residential real estate investments in Lisbon and Porto and most of the Algarve are no longer qualify as eligible investments for the Portuguese Golden Visa program. This change does not effect investment funds which can be used to invest in property in either city. |
Portugal Investment Funds Criteria
The Investment Fund Pathway to the Golden Visa requires that the investor purchases a minimum of €500,000 in Portuguese Golden Visa investment funds or venture capital funds dedicated to the capitalization of companies, whose maturity, at the moment of the investment is, at least, of five years.
Funds are regulated by the Portuguese Regulator CMVM and in order for the fund to be eligible as a Golden Visa investment a minimum of 60% investments must me made into commercial companieswith head office in Portugal.
Below is a list of eligible golden visa funds as of 10th October 2023, since the law was changed prohibiting ‘real estate’ investment funds as ineligible investments under the golden visa program.
Eligible Fund Investments from €500,000.
List Of Golden Visa Eligible Portugal Investment Funds
ADIV Fund
-The fund manager has a strong project pipeline
-Three live projects valued over 20M Our
-Current Fund Size €100M
-Target IRR 15%
-Fund's Lifecycle 7 vears
-Three live projects valued over 20M Our
-Current Fund Size €100M
-Target IRR 15%
-Fund's Lifecycle 7 vears
Redtech Fund
-Innovation and technology fund investing in Portuguese start-ups.
-Targets technological companies in: later stages of financing (low risk)
-Expected returns above 20% IRR
-Duration of fund Life: 12 years
-Subscription Period: 3 years (Dec 2025).
-Targets technological companies in: later stages of financing (low risk)
-Expected returns above 20% IRR
-Duration of fund Life: 12 years
-Subscription Period: 3 years (Dec 2025).
Onyxtech Co-Investment Fund
-Fund focused on growth + buyout opportunities in established mid-market companies.
-Expected returns of 15-25% IRR
-Hurdle rate of 8%
-Fund Life: 8 years
-Subscription Period: 2 years 2 (mid 2025)
-Subscription price of € 1.030,00 per unit.
-3% set up fee
-Expected returns of 15-25% IRR
-Hurdle rate of 8%
-Fund Life: 8 years
-Subscription Period: 2 years 2 (mid 2025)
-Subscription price of € 1.030,00 per unit.
-3% set up fee
CenturyGold Farmland
-Excellent capital preservation investment
-Farmland is one of the most stable asset classes
-Strong environmental focus on the farms
-Annual impact reports provided
-Annual returns: 7%
-Fund term: 9 year (2021-2030)
-Farmland is one of the most stable asset classes
-Strong environmental focus on the farms
-Annual impact reports provided
-Annual returns: 7%
-Fund term: 9 year (2021-2030)
SarSME Fund
-Fund focus on unlisted SMEs / mid-caps centred on production
-Promising profitability potential for long-term growth
-Target return of 6%+
-Tax free investment and exit
-No subscription / redemption fees
-Regulated and transparent
-Lock up period: 72 months
-Promising profitability potential for long-term growth
-Target return of 6%+
-Tax free investment and exit
-No subscription / redemption fees
-Regulated and transparent
-Lock up period: 72 months
Finance Fund
-Invests in Renewable Energy
-Caters to demand for a more sustainable and cleaner way to power the planet.
-By financing specific infrastructures, the Fund is able to generate high and stable yields
-Subscription Period: Until June 2025
-Set up fee: 1,5% at subscription
-Management fee: 1,5% per annum
-Performance fee: 20%
-Caters to demand for a more sustainable and cleaner way to power the planet.
-By financing specific infrastructures, the Fund is able to generate high and stable yields
-Subscription Period: Until June 2025
-Set up fee: 1,5% at subscription
-Management fee: 1,5% per annum
-Performance fee: 20%
Football Strategies Fund
-Invests in European Football Leagues
-Subscription Period: Until June 2025
-Set up fee: 1,5%
-Management fee: 1,5%
-Performance fee: 20%
-Subscription Period: Until June 2025
-Set up fee: 1,5%
-Management fee: 1,5%
-Performance fee: 20%
Venture Capital Fund
-The Fund invests in companies who owns exclusively real estate projects, mostly
Luxury Branded Hotels and Hotels & Residences, on prime locations in Lisbon,
Porto and the Algarve.
-Expected annual IRR 8-10% IRR
Luxury Branded Hotels and Hotels & Residences, on prime locations in Lisbon,
Porto and the Algarve.
-Expected annual IRR 8-10% IRR
Impact24 Fund
-A transparent private equity fund
-Fund Close date: 31.12.2028
-Target return: 3% to 5% net of expenses and fees of the fund
-Fund Close date: 31.12.2028
-Target return: 3% to 5% net of expenses and fees of the fund
Container Fund
-Fund dedicated to investing in high-value business across various sectors
-Providing financial support and a suit of AI expertise, assets and operating frameworks
-Low risk AI investments
-Subscription Period: End of 2025
-Set up fee: 2% Capital Fund
-Management fee: 2% Fund Capital
-Providing financial support and a suit of AI expertise, assets and operating frameworks
-Low risk AI investments
-Subscription Period: End of 2025
-Set up fee: 2% Capital Fund
-Management fee: 2% Fund Capital
Active Growth Fund
-Invests in Growth companies in Portugal
-Duration until 31/12/2030
-Target return of 15% over the life of the fund
-Performance fee: 20% carried interest above Hurdle Rate of IRR 7%
-Duration until 31/12/2030
-Target return of 15% over the life of the fund
-Performance fee: 20% carried interest above Hurdle Rate of IRR 7%
Self Storage Fund
-Invest in the acquisition of self-storage facilities
-Operators located in the city center of highly fragmented, underdeveloped and fast-growing markets.
-Subscription Period: June 2023
-Performance fee: 20% with a hurdle rate of 3%
-Management fee: 1% p.a
-Operators located in the city center of highly fragmented, underdeveloped and fast-growing markets.
-Subscription Period: June 2023
-Performance fee: 20% with a hurdle rate of 3%
-Management fee: 1% p.a
Continental Growth Fund
-Fund will be develop investment opportunities such as Bela Olhão, Super 8 Exponor, Samba Digital.
-Subscription period: 24 months
-Fund terms: 8 years
-3-5%5 IRR
-Tax status: 0% for Tax Non-Residents; 10% for Portugal Tax Residents
-Subscription period: 24 months
-Fund terms: 8 years
-3-5%5 IRR
-Tax status: 0% for Tax Non-Residents; 10% for Portugal Tax Residents
Azure Fund
-Umbrella fund that holds three sub-funds investing in real estate, collectible cars, and private equity
-Investments in collectible cars and private equity will be directly in operating companies
-Objective is to deliver to investors superior risk adjusted returns.
-Fund is structured in such a way to provide diversification and match the risk appetites of the investors
-Only collectible cars and private equity funds are available for the Portuguese Golden Visa
-Subscription Period: N.A
-Management fee: 1% of the paid-in Capital
-Performance fee: 20% with a hurdle rate of 5%
-Investments in collectible cars and private equity will be directly in operating companies
-Objective is to deliver to investors superior risk adjusted returns.
-Fund is structured in such a way to provide diversification and match the risk appetites of the investors
-Only collectible cars and private equity funds are available for the Portuguese Golden Visa
-Subscription Period: N.A
-Management fee: 1% of the paid-in Capital
-Performance fee: 20% with a hurdle rate of 5%
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Dubai
United Arab Emirates
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