Portugal Golden Visa: Investment Fund Directory 🇵🇹
⚠️ Important update: Since late 2023, only investments into funds that do not invest in real estate (directly or indirectly) still qualify for the Golden Visa. Since it’s still unclear exactly where the line will be drawn, please make sure to get legal advice if considering a fund that’s somewhat related to real estate.
Fund investments have become an increasingly popular route to qualify for the Portuguese Golden Visa. Starting in late 2023, it will likely become the by far most popular investment option as the long-time favorite real estate option is being phased out.
On this page you’ll find some of the most popular funds available. Note that funds that directly or indirectly invest in real estate will also no longer qualify starting in the fall of 2023. Keep this in mind when selecting your investment.
Currently, we are listing 35 available funds (before the GV rules change). Not all of these will qualify in 2024 onwards.
Here are some of the more popular funds which are also likely to continue qualifying going forward:
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Pela Terra II
Strategy of purchasing, holding, and cultivating large orchards, with a long term focus on organic transition and soil health.
Minimum investment This is the minimum investment needed for the specific fund. The total investment across funds in order to qualify for the Golden Visa still needs to be at least €500,000
€200,000
Subscription deadline
November 1, 2025
Duration
8 years
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Iberian Net Zero
Focuses on renewable energy, energy efficiency and clean mobility.
Minimum investment This is the minimum investment needed for the specific fund. The total investment across funds in order to qualify for the Golden Visa still needs to be at least €500,000
€150,000
Subscription deadline
February 2026
Duration
8 years
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Portugal Liquid Opportunities
Investment in public equities with >60% allocation to the largest Portuguese listed equities and <40% allocated to Oxy Capital’s proprietary international listed equities strategy.
Minimum investment This is the minimum investment needed for the specific fund. The total investment across funds in order to qualify for the Golden Visa still needs to be at least €500,000
€100,000
Subscription deadline
Open-ended
Duration
Open-ended
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Heed Top
Open-ended fund that invests at least 60% of the portfolio in equities and bonds of Portuguese companies and the remaining can be allocated internationally, from sovereign bonds to ETFs. The maximum exposure to equities is 65%.
Minimum investment This is the minimum investment needed for the specific fund. The total investment across funds in order to qualify for the Golden Visa still needs to be at least €500,000
€100,000
Subscription deadline
Open-ended
Duration
Open-ended
You can also click here to learn about all 35 available funds.
