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No Fees Golden Visa Investment Funds

Compare 4 No Fees investment funds for Golden Visa applications.

IG

IMGA Ações Portugal Fund

GV-intended (manager-stated)
Open
Data reviewed Dec 7, 2025
Other

IMGA Ações Portugal is a long-established equity fund focused exclusively on companies listed on the Portuguese stock market. Active since 1995 and managed by IM Gestão de Ativos, the fund seeks to grow your investment over time by holding a variety of Portuguese stocks, with daily updates on value, no fees for joining or leaving, and a strong history of performance over many years.

ISIN: A: PTAFIALM0006; R: PTIG1DHM0003; P: PTIG2OHM0009; I: PTAFIJHM0003CMVM: 184Min: €500Mgmt: 2.175%
Min. Investment€500
Target Return20% p.a.Manager-stated, not guaranteed
RedemptionDaily
Fees:2.175%Mgmt·NonePerf
QC

Quadrantis Private Equity Credits & Bonds Fund – Subfund B

GV-intended (manager-stated)
Closed
Data reviewed Mar 18, 2026
PFIC: QEF available
Private Equity

A CMVM-recognised private equity fund managed by Quadrantis Capital, combining private equity, credit and high-grade bond investments to target a 10% annual return and provide a Golden Visa-eligible route for investors.

CMVM: 2007Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Target Return10% p.a.Manager-stated, not guaranteed
RedemptionQuarterly
Fees:1.5%Mgmt·20%Perf
QC

QUADRANTIS PRIVATE EQUITY II

GV-intended (manager-stated)
Open
Data reviewed Mar 18, 2026
PFIC: QEF available
Private Equity

The fund adopts a diversified and risk-focused strategy based on two core pillars: secured credit and investment-grade bonds. It finances contracts between established entities with strong guarantees and protective mechanisms, enhancing security for investors. In parallel, the fund invests in BBB to AAA-rated government and corporate bonds from Portugal and international markets, aiming to deliver stable and consistent returns while preserving capital.

CMVM: 2222Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Target Return6.5–10% p.a.Manager-stated, not guaranteed
RedemptionQuarterly
Fees:1.5%Mgmt·20%Perf
SC

Portugal Investment 1

Open
Data reviewed Dec 12, 2025
Private Equity

Portugal Investment 1, a closed-end private equity fund structured as a Fundo de Capital de Risco (FCR). The fund mainly puts money into Portuguese companies, especially in hospitality, tourism, and industry, aiming for long-term growth while following the new rules for Portugal's Golden Visa funds after 2023.

ISIN: CYF000001968CMVM: 12445Min: €150,000Mgmt: 1.5%
Min. Investment€150,000
Target Return8–11% p.a.Manager-stated, not guaranteed
RedemptionAnnually
Fees:1.5%Mgmt·20%Perf

Frequently Asked Questions about No Fees Portugal Golden Visa Investment Funds

No Fees Golden Visa investment funds are specialized investment vehicles that focus on no fees 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 no fees investment opportunities—subject to verification by Portuguese legal counsel.

Currently, there are 4 no fees 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 no fees 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. No Fees 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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