Question 1

What is a typical management fee for Golden Visa funds?

Accepted Answer

Management fees typically range from 1% to 2% annually for most Portugal Golden Visa funds. Venture capital and private equity funds tend to be at the higher end (1.5-2.5%), while debt and real estate funds often charge lower rates (0.75-1.5%).

Question 2

Are admin and depositary fees included in the management fee?

Accepted Answer

It depends on the fund. Some quote "all-in" management fees that include administration and depositary costs, while others list these as separate charges. Always ask for the Total Expense Ratio (TER) to understand the full annual cost.

Question 3

Can management fees change over time?

Accepted Answer

Management fees are typically fixed for the life of the fund, but some funds reserve the right to adjust fees with investor consent. Check the fund documents for any fee adjustment clauses.

Question 4

How does the management fee affect my returns?

Accepted Answer

Management fees directly reduce your net returns. A 2% annual fee on a €500k investment costs €10,000 per year. Over a 6-year hold period, this can significantly impact total returns—always compare funds on a net-of-fees basis.

Question 5

Where can I verify the management fee?

Accepted Answer

The official management fee is disclosed in the fund's prospectus or Information Memorandum. You can also check the CMVM register for regulated funds. We source our data from these official documents.

Question 6

Is the management fee negotiable?

Accepted Answer

For standard Golden Visa subscriptions (€500k), fees are typically fixed. However, larger commitments may qualify for institutional share classes with lower fees. Some funds offer fee discounts for early subscribers.

Management Fee: Portugal Golden Visa Funds (2026)

How Management Fee Works

Funds with Disclosed Management Fee

What to Verify in the Docs

Management Fee FAQs

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