⚠️ 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 29 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:
Pela Terra II
Strategy of purchasing, holding, and cultivating large orchards, with a long term focus on organic transition and soil health.
November 1, 2025
SHARING Education II
Invests in international education, supporting the expansion of its schools and campuses.
January 31, 2027
12 years (option to exit after 6 years)
Mercan Hospitality Fund I
Invests in 3 companies that will hold and manage 3 hospitality units in Portugal: part of Hilton Resort and part of Hard Rock Hotel in Algarve, and Accor Hotel in Porto area.
Prosper Harbor Fund
Investment in prime Portuguese SME’s/Mid Caps with debt/hybrid instruments with stable returns and downside protection.
You can also click here to learn about all 29 available funds.