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Climate Golden Visa Investment Funds

Compare 3 Climate investment funds for Golden Visa applications.

GP

Growth Blue Fund

Open
Data reviewed Dec 6, 2025
Private Equity

Growth Blue is a closed-end private equity fund focused on Portugal’s Blue Economy, investing in SMEs and Mid-Caps with strong operational foundations and clear growth potential. Supported by the European Investment Fund and overseen by CMVM, it aims to create value by actively managing its investments and following a policy that focusses on sustainability.

ISIN: PTGWTKIM0009 (Cat. B), PTGWTLIM0008 (Cat. C)Min: €50,000Mgmt: 2%
Min. Investment€50,000
Target ReturnNot disclosedManager-stated, not guaranteed
RedemptionQuarterly
Fees:2%Mgmt·20%Perf
IG

IMGA Futurum Tech Fund

Open
Data reviewed Apr 15, 2026
Venture Capital

The IMGA Futurum Tech Fund is a specialised Venture Capital Fund (FCR) regulated by the CMVM and domiciled in Portugal. The fund targets high-growth technology companies in the "Atlantic Corridor" through a strategic partnership between IM Gestão de Ativos (IMGA), Portugal's largest independent asset manager, and Futurum Capital. It is marketed for the Golden Visa route via the Capital Transfer option, with eligibility subject to legal confirmation with zero real estate exposure, focusing on scalable startups bridging the Brazilian and Portuguese ecosystems.

CMVM: 2041Min: €500,000Mgmt: 2%
Min. Investment€500,000
Target ReturnNot disclosedManager-stated, not guaranteed
RedemptionQuarterly
Fees:2%Mgmt·NonePerf
SF

Pela Terra II Regenerate Fund

Open
Data reviewed Dec 12, 2025
PFIC: QEF available
Private Equity

Pela Terra II: Regenerate is a Portugal-based, CMVM-regulated closed-end venture capital fund focused on regenerative agriculture and farmland private equity. Structured to meet Portugal Golden Visa requirements without direct real estate exposure, the fund invests in agricultural operating companies that acquire, regenerate, and operate farmland in Portugal’s interior regions.

ISIN: B-PTSFMQIM0007/ C-PTSFM6IM0007CMVM: 1816Min: €500,000Mgmt: 2%
Min. Investment€500,000
Target Return8–10% p.a.Manager-stated, not guaranteed
RedemptionEnd of Term
Fees:2%Mgmt·20%Perf

Frequently Asked Questions about Climate Portugal Golden Visa Investment Funds

Climate Golden Visa investment funds are specialized investment vehicles that focus on climate sectors and are marketed for Portugal's Golden Visa program (per manager statements). These funds allow non-EU investors to potentially obtain Portuguese residency by investing €500,000 or more in climate investment opportunities—subject to verification by Portuguese legal counsel.

Currently, there are 3 climate funds available in our directory that are marketed for the Portugal Golden Visa route (per manager statements). Each fund should be verified with Portuguese legal counsel to confirm eligibility.

Portugal Golden Visa fund route requires €500,000 in total qualifying investment (post-October 2023 rules), which excludes funds with direct real-estate investment — confirm fund-specific eligibility with qualified Portuguese legal counsel. Individual climate fund subscription minimums may be lower, but total qualifying investment must reach €500,000. Eligibility must be confirmed with Portuguese legal counsel.

No investment fund is risk-free, and capital is at risk — including the risk of losing some or all of your investment. Climate funds may be regulated investment vehicles, but regulation governs conduct and disclosure; it is not a guarantee of returns or of capital protection. Outcomes depend on the fund's strategy, assets, fees, liquidity, and market conditions. Review each fund's prospectus and Key Information Document and consult your own qualified legal and financial advisers before investing.

For Golden Visa purposes you generally maintain the qualifying investment through the residence and renewal period. Holding periods and the naturalisation timeline changed under Portugal's 2026 Nationality Law and must be confirmed with qualified Portuguese legal counsel.

Portugal Golden Visa applications often allow family members (e.g. spouse, dependent children, dependent parents), but eligibility depends on relationship and dependency rules that can change — confirm with qualified Portuguese legal counsel.

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