What is the best Golden Visa fund in Portugal?

There is no single "best" fund. The right fund depends on your risk tolerance, nationality, liquidity needs, and fee sensitivity. This guide organises funds by investor profile so you can identify the category most relevant to your situation. Always consult a licensed financial adviser before investing.

What are Portugal Golden Visa investment funds (Golden Visa funds)?

Portugal Golden Visa investment funds (often called Golden Visa funds) are regulated Portuguese investment funds that investors can subscribe to as part of the Portugal Golden Visa "fund route." Instead of buying property, you invest in fund units and use the subscription documents as part of your Golden Visa application file. Eligibility depends on the fund's structure and documentation, so it must be confirmed by Portuguese legal counsel.

Are these funds eligible Portugal Golden Visa investment funds?

Funds listed on Movingto Funds are presented as Portugal Golden Visa investment funds based on manager disclosures and available documentation. However, Golden Visa eligibility is a legal determination, and your Portuguese lawyer should confirm eligibility for your specific case before you invest. If you request an introduction, we can connect you with the fund manager and our Portugal Golden Visa legal team to confirm requirements.

What's the minimum investment for the Portugal Golden Visa fund route?

The commonly referenced minimum for the Portugal Golden Visa fund route is €500,000 invested into qualifying Portugal Golden Visa investment funds (Golden Visa funds). Requirements can change and may depend on your legal approach and the fund's subscription terms, so confirm with Portuguese legal counsel before proceeding.

Are Portugal Golden Visa funds safe?

All qualifying Golden Visa funds are regulated by the CMVM (Portuguese Securities Market Commission). Regulation requires independent custodians to hold fund assets separately from the manager, and independent auditors to verify financial statements. Regulation reduces but does not eliminate investment risk. Past performance does not predict future results.

What does the Verified Fund badge mean?

The Verified Fund badge indicates that a fund has completed Movingto's 8-point legal review. This includes confirmation of active CMVM registration, custodian and auditor arrangements, Golden Visa eligibility, and review of key fund documents. Verification confirms disclosed facts and does not constitute an endorsement or suitability assessment.

Which Portugal Golden Visa funds accept US citizens?

Several CMVM-regulated funds accept US persons and are structured to be FATCA-compliant and PFIC-reportable (QEF election available). US investors should verify PFIC status directly with each fund manager and consult a cross-border tax adviser.

How do I choose between Golden Visa funds?

Key factors include investment strategy (debt vs equity vs venture), total fees (management + performance), lock-up period and redemption frequency, US eligibility if applicable, and the fund manager's track record.

What fees should I pay attention to with Golden Visa funds?

When comparing Golden Visa funds and Portugal Golden Visa investment funds, focus on the fees that actually impact your net outcome: subscription/entry fees (if any), annual management fees, performance fees (how calculated, hurdles, catch-ups), fund expenses (administration, custody/depositary, audit, legal), and exit/redemption fees (if any). We surface key terms where available, but you should always review the fund's official documents.

What are typical lock-up and redemption terms for Portugal Golden Visa investment funds?

Many Portugal Golden Visa investment funds have lock-ups and limited redemption windows, especially if the strategy is private equity/venture/debt. Some funds allow redemptions only after a minimum period; others rely on fund maturity and asset sales. Always check: lock-up length, redemption frequency, notice periods, gates, and whether liquidity is "best efforts."

What happens to my investment after 5 years?

This depends on the fund structure. Open-ended funds typically allow you to redeem your investment after the lock-up period ends, subject to the fund's redemption schedule (monthly, quarterly, or annual). Closed-end funds distribute capital when underlying investments are exited, which may extend beyond the initial term. In both cases, your Golden Visa residency permit is renewable independently of the investment outcome.

How long does it take to invest in Golden Visa funds and start the Golden Visa process?

Investing in Golden Visa funds typically involves onboarding/KYC, signing subscription documents, transferring capital, unit issuance, and obtaining proof of investment for your Portugal Golden Visa file. Timelines vary by bank/KYC complexity and fund processes, but a realistic expectation is weeks rather than days.

How does Movingto Funds make money, and are you independent?

Movingto is not a regulated investment advisor. We may receive a referral/introductory commission from some fund managers if you invest, and we may also earn fees for legal or support services if you engage our team. We disclose this clearly, and we do not provide investment advice. Our role is to help you compare Portugal Golden Visa investment funds (Golden Visa funds) and connect you with the right people to complete the process.

How do I request a Golden Visa fund introduction?

Click Request introduction on any fund page or use the homepage form. Tell us your timeline, citizenship, and general preferences (risk, liquidity, strategy). We'll connect you with the fund manager and—if you want—our Portugal Golden Visa legal team to confirm eligibility and next steps.

Is this investment advice?

No. Movingto Funds provides information and introductions for Golden Visa funds and Portugal Golden Visa investment funds. We do not provide investment advice or recommend that you invest in any specific fund. Always obtain independent financial advice and Portuguese legal advice before investing.

This website provides information for general purposes only.Read our full disclaimer

Compare 39+ CMVM-Regulated Portugal Golden Visa Funds

Find suitable funds by strategy, amount, lock-up, and US eligibility — then request an introduction to the fund manager.

Covering all 39 CMVM-regulated funds · Updated March 2026

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