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Portugal Golden Visa Investment Funds List (2026): Active, CMVM-Regulated Funds Open to New Investors
A curated selection of currently available Portugal Golden Visa funds — filtered for compliance, availability, and investor relevance.
Currently Open Portugal Golden Visa Funds (2026)
Only a subset of Portugal Golden Visa investment funds are actively accepting new investors at any given time.
Many funds listed across the market are no longer available — either fully subscribed, closed to new capital, or no longer compliant under the current regulatory framework following the 2023 program changes.
Portugal Golden Visa funds are frequently structured as closed-end investment vehicles with defined fundraising periods, but a number of open-ended and more liquid fund structures also exist – and in many cases have become some of the most popular options among investors.
Closed-end funds generally raise capital over a defined period, often 12 to 24 months, after which they stop accepting new investors. Open-ended funds, by contrast, may allow ongoing subscriptions subject to fund capacity and internal limits.
As a result, availability is constantly changing.
This page focuses on funds that are currently open, actively raising, and structurally aligned with Golden Visa requirements.
Rather than presenting an exhaustive list of all funds ever launched, the objective here is to provide a filtered view of live opportunities that investors can realistically access today.
Each fund included below has been selected based on:
- Current subscription availability
- CMVM regulation and Golden Visa eligibility
- Clear investment structure (no prohibited real estate exposure)
- Relevance to different investor profiles (growth, income, capital preservation)
Availability may change without notice, and not all funds are accessible to all investors.
For this reason, fund selection should be approached as a curated access process, not a static list.
Portugal Golden Visa Funds (2026)
Check out the latest list of eligible, €500,000 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 investment funds covers all of the available options.
Would you prefer a Plan B in Italy instead?
Check out the various Italian Investor Program options here.
Portuguese Funds Vs Other EU Golden Visa Funds
| Golden Visa Fund Option | Portugal | Italy | Hungary | Greece |
|---|---|---|---|---|
| Minimum Capital Requirement | €500,000 | €500,000 | €250,000 | €350,000 |
| Nature Of Fund | VC/PE | Real Estate (Prime Hospitality Assets) | Real Estate (Sprint Asset is the first approved Guest Investor Visa eligible fund), with at least another two funds slated for approval before the end of 2024). | Real Estate, or Mutual Funds investing in Greek corporate or government bonds, or Greek shares. |
| Pre-Approval Step | No | Yes | Yes | No |
| Projected Yield | Variable | 15% IRR | 0% Yield (on the Sprint Asset Fund) | Variable |
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. |
Frequently Asked Questions
Going into 2025, there are at least two Golden Visa Funds investing in digital assets like Bitcoin and Bitcoin ETFs.
The Unbound Crypto Fund invests in crypto assets indirectly, by investing in Portuguese companies with significant Bitcoin on their balance sheets, whereas The Golden Crypto Fund invests directly in Bitcoin (held in cold storage), as well as Bitcoin ETFs. The Golden Crypto is also an open-ended fund, offering monthly subscriptions and redemptions.
To find out more about this Portuguese Golden Visa Crypto Fund, click here.
Going into 2025, the following Portuguese Golden Visa Funds are open-ended:
- The Golden Visa Crypto Fund
- Saratoga POR 1 Fund
- 3CC Portugal Golden Income Fund
- Optimize Portugal Golden Opportunities Investment Fund
- NEW: The Portuguese Champions Open-Ended Fund
To view the rest of the Golden Visa Investment Funds, click here.
Whether the Portuguese Golden Visa is worth it will depend in large part on your specific circumstances and needs as an investor:
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If you are ready to go settle in Portugal permanently, opting for a D7 Visa, which has no minimum investment requirement, might make more sense. The D2 Visa for foreign entrepreneurs might also be an option to look at.
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If you’re NOT ready to move to Portugal permanently, and you’re essentially looking for a back-up plan, then the Golden Visa is an excellent option.
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If you’d like the low level of time commitment and flexibility of a Golden Visa, but you’d prefer not to commit a full €350,000 – €500,000 in capital for 5 years in order to gain a flexible Portuguese residency, then the HQA Visa may be a viable – and more affordable – alternative. Think of it as the cheapest Portuguese Golden Visa option.
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If you’re looking to make a property based Golden Visa investment in a European capital city after 31 December 2021, then you’ll need to look at Athens (Greek Golden Visa), or Madrid (Spanish Golden Visa).
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If you’re looking for the cheapest property based Golden Visa in Europe, you’ll want to consider the Greek Golden Visa. The minimum investment requirement for the Greek program is €250,000, whereas in Portugal, the lowest property based option is priced from €280,000.
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If you’re looking to maximize your ROI, then a venture capital (VC) or Private Equity (PE) fund based investment may be preferable to a real estate investment, especially considering the devastating impact Covid has had on rental returns in Portugal during the past 18 months. Learn more about the available Golden Visa Funds here.
If you’re not quite sure about which option would suit you best, feel free to get in touch today.
Yes, you can – albeit indirectly. Some service providers may allow you to pay for your professional fees in Bitcoin or other cryptocurrencies. And since at least one Portuguese bank recently obtained a crypto license, you can now pay for your Golden Visa investment in crypto as well.
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