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Tax Free Golden Visa Investment Funds

Compare 4 Tax Free investment funds for Golden Visa applications.

OC

Horizon Fund

GV-intended (manager-stated)
Open
Verified Jan 23, 2026
Crypto

Horizon Fund is an open-ended, CMVM-regulated alternative fund that blends Portuguese fixed income with exposure to large-cap digital assets. Managed by Octanova SCR, it aims for long-term growth and eligibility for the Golden Visa by investing 65% in high-quality Portuguese bonds and up to 35% in BTC, ETH, and SOL through regulated custodians.

CMVM: 2122Min: €100,000Mgmt: 2%
Min. Investment€100,000
Lock-up Period5 years
RedemptionMonthly
Fees:2%Mgmt·20%Perf
IC

Flex Space Fund

Open
Verified Dec 2, 2025
Private Equity

A CMVM-regulated, SFDR Article 8 venture capital fund managed by Insula Capital that invests in Portuguese flexible workspaces, offering Golden Visa–eligible exposure to the “future of work” with targeted dividends from year two onwards.

CMVM: 2103Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Target Return11.65% p.a.
RedemptionEnd of Term
Fees:1.5%Mgmt·20%Perf
SC

Portugal Investment 1

Open
Verified Jan 5, 2026
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.

CMVM: 12445Min: €500,000Mgmt: 1%
Min. Investment€500,000
Target Return8–11% p.a.
RedemptionNot Available
Fees:1%Mgmt·20%Perf
HC

Heed Top Investment Fund

Open
Verified Jan 5, 2026
Debt

A CMVM-regulated, open-ended alternative investment fund that invests primarily in Portuguese bonds and equities, with flexibility to allocate to ETFs, other funds, and international securities for diversification

CMVM: 115Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Target Return5% p.a.
RedemptionDaily
Fees:1.5%Mgmt·20%Perf

Frequently Asked Questions about Tax Free Portugal Golden Visa Investment Funds

Tax Free Golden Visa investment funds are specialized investment vehicles that focus on tax free 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 tax free investment opportunities—subject to verification by Portuguese legal counsel.

Currently, there are 4 tax free 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 total investment (post-October 2023 regulatory changes), with no real estate exposure permitted. Individual tax free fund subscription minimums may be lower, but total qualifying investment must reach €500,000. Eligibility must be confirmed with Portuguese legal counsel.

Tax Free funds marketed for the Golden Visa are regulated investment vehicles subject to oversight. While all investments carry risk, these funds must demonstrate their ability to support Portugal's economic development goals in the tax free sector. Consult with legal and financial advisors before investing.

For Golden Visa purposes, you must maintain your investment in Tax Free funds for a minimum of 5 years. After this period, you may be eligible for permanent residency or citizenship, depending on other requirements such as language proficiency and time spent in Portugal. Confirm all requirements with Portuguese legal counsel.

Yes, when investing in Tax Free Golden Visa funds, you can include your spouse, dependent children under 26, and dependent parents over 65 in your application. This makes the investment particularly attractive for families seeking EU residency.