The Portuguese Golden Visa is alive, well, and gaining in popularity in 2025 – especially among Americans. And while it is no longer possible to obtain a Golden Visa by property investment or bank deposit, there are ample attractive Golden Visa Fund options available.
Given Portugal’s growing popularity as an international tourist destination, the emergence of numerous Golden Visa Funds targeting growth opportunities in this space is hardly surprising.
And given the proven revenue models and income predictability of hospitality businesses, it makes complete sense that Golden Visa seekers would gravitate towards funds targeting this sector.
Below, we have present a list of 10 Portuguese Golden Visa Hospitality Funds that can unlock your Portuguese Plan B in 2025.
We also include salient details like the Fund Descriptions, Life Cycles, Target Yields, Closing Dates, as well each the option to get in touch with each fund.
The List: Portugal Golden Visa Hospitality Funds
Check out the latest list of eligible, €500,000 hospitality fund investment options for the Portuguese Golden Visa below…Despite us taking care to ensure the below information is correct, we take absolutely no responsibility for the correctness of the information provided. We also don’t guarantee that this list of Portuguese hospitality funds covers all of the available options.
The Portuguese Hospitality Funds In More Detail…
ANDO (LIVING) EUROPE FUND
- CMVM Registered: Yes
- Date Launched: Late 2023
- Fund Size: €40 million
- Fund Approach: Investment in operating companies specialized in hospitality, F&B and services
- Expected Yield: 8-10% IRR
- Exit Strategy: Pay-back through operations, backed by Ando Living Holding and/or its subsidiaries, and/or through sale of the investments. Alternatively, exit through refinancing.
LAKEVIEW HOSPITALITY FUND
- CMVM Registered: In progress
- Date Launched: 2025
- Fund Size: €35 million
- Fund Approach: Investment in hospitality operations on the Portuguese Silver Coast (high-end short-term vacation rental accommodation)
- Expected Yield: 5% IRR
- Exit Strategy: Pay-back through operations, backed by the operating subsidiaries, and/or through sale of the investments. Alternatively, exit through refinancing. Alternatively, real estate units can serve as an in-kind exit alternative.
THE (LA) VIDA HOSPITALITY FUND
- CMVM Registered: Yes (1834)
- Date Launched: 2023
- Fund Size: €100 million
- Fund Approach: The fund 2 minimizes administrative, permitting, and construction risk by acquiring existing operating businesses at a discount and refurbishing them for added value. The fund’s primary objective is to achieve consistent operational yields.
- Expected Yield: 10% IRR
- Exit Strategy: Get in touch to find out more.
PORTO LUXURY HOTEL FUND
- CMVM Registered: Yes
- Date Launched: 2024
- Fund Size: €50 million
- Fund Approach: Investing in the development of a 5-star hotel managed by the leading hotel management company in the world. Dual exposure, 30% equity, and loans to the developer.
- Expected Yield: 11% IRR (Yearly interested received from loan, and at liquidation, unit holders will be reimbursed for subscribed capital and take part in the upside from the developer’s divestment.
- Exit Strategy: Sales of the assets to target buyers such as hospitality investors & players, family offices, PE funds and other institutional funds.
INVINO ECO AND WINE TOURISM FUND
- CMVM Registered: Yes (1834)
- Date Launched: 2023
- Fund Size: €35 million
- Fund Approach: The first eco and wine tourism fund investing in sustainable next-generation opportunities in the hospitality sector in Portugal. The Fund’s capital is intended for investment in companies or projects with high growth potential and asset and value development, enhancing the hospitality business through its integration with wine and/or agroforestry ventures.
- Expected Yield: 7% IRR
- Exit Strategy: Sales of the assets to target buyers such as hospitality investors & players, family offices, PE funds and other institutional funds, which will trigger the promoted interests for the OpCo. Fund manager
PORTUGUESE CAPITALS HOSPITALITY FUND
- CMVM Registered: Yes (2116)
- Date Launched: 2023
- Fund Size: €35 million
- Fund Approach: A hospitality Fund (PE closed fund) targeting companies with contracts to supply services to 4 star hotels under the flag of a prominent Portuguese hotel brand with properties in Porto, the Algarve, Madeira and Lisbon.
- Expected Yield: 8-10% IRR, or 4.5% if a buyback option is preferred.
- Exit Strategy: If and when the Fund makes a distribution, Golden Visa participants are entitled to their share of the profitability up to a maximum of 4,5% for the period (for the buyback option), or up to 8-10% (if the buyback option is not exercised).
QUADRANTIS CAPITAL FCR HOSPITALITY FUND
- CMVM Registered: Yes
- Date Launched: 2023
- Fund Size: €75 million
- Fund Approach: A Golden Visa Hospitality Fund dedicated to hotel assets and residencies, with a strategy focused on operating assets looking for expansion and upgrades. The fund’s focus is on the high-end market segment in Portugal.
- Expected Yield: 6% IRR
- Exit Strategy: Get in touch to find out more.
MONARQUE HOSPITALITY TOURISM FUND
- CMVM Registered: Yes (1183)
- Date Launched: 2023
- Fund Size: Contact the fund to find out more.
- Fund Approach: A closed venture capital fund targeting high-end hospitality assets.
- Expected Yield: Contact the fund to find out more.
- Exit Strategy: Get in touch to find out more.
Alternatives To Portuguese Golden Visa Funds
| Minimum Capital Requirement | €500,000 | €250,000 (€200,000) |
€175,000 | €150,000 | |
|---|---|---|---|---|---|
| VC Funds; PE Funds Job Creation Via Company Capitalization (5 Jobs) |
Artistic Production Funding OR Cultural Heritage Preservation Projects (20% reduction for projects situated in NUTS III low-density areas = €200,000) |
Highly Qualified Activity (HQA) Visa / HQA Residency / Packaged D3 Visa Program – Ideal Residency Option For Startups + Tax Benefits Under New NHR | Become a co-founder in a Portuguese startup – white-glove, done-for-you program. |
Obtain your Golden Visa by Hospitality Fund Investment in 2025.
Contact us to schedule a discovery call today. And if you found this comparison useful, why not share it with your friends or associates that are shopping around for a Plan B as well?
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Portuguese Golden Visa Funds comparison for 2025 compiled by…
Andre Bothma
Administrator
Founder
D7 Visa
Born in Cape Town, South Africa, Andre is a seasoned digital entrepreneur with extensive experience working in the demand-side of the Residency and Citizenship By Investment industry. He has been writing about Golden Visas, Citizenship By Investment and investment migration programs for over six years, and has frequently written and been interviewed by industry-leading RCBI publication, IMIDaily.com. Andre is a D7 Visa holder and Portuguese resident himself. Having identified a gap in the market for affordable European immigration solutions outside of Golden Visas, he launched D7 Visa to help more foreign individuals and families settle in Europe without the need for property investment. Andre is a regular contributor to the pages of Sovereign Man, a leading international diversification publication catering to a global audience. He is also one of the earliest global promoters of the HQA Visa Program and the Cultural Golden Visa program (Portugal) as well as the Hungarian Golden Visa. Andre spends half his time in Porto, Portugal.