Global Residence Permit

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Global Residence Permit

Portugal Golden Visa program’s €350,000 investment route in venture capital funds. A Golden Visa is a residency visa issued in exchange for a qualifying investment made in Portugal. The applicant needs to be a non-EU-EEA or Swiss citizen with a clean criminal record.

The Portuguese government initiated the program in October 2012. As of 2021, the program helped attract more than €5,7 billion of foreign direct investment into the country. The investment fund route for the Portugal Golden Visa was introduced through an amendment in Portuguese Law no. 102/2017, of August 28th, 2017.

The corresponding part of the law reads:

“Capital transfer of the amount of €350,000 or higher, for the acquisition of units of investment funds or venture capital fund of funds dedicated to the capitalization of companies, capital injected under the Portuguese legislation, whose maturity, at the moment of the investment, is, at least, of five years and, at least, 60% of the investments are realized in commercial companies with head office in national territory (1)”

In order to apply to the Portugal Golden Visa program through the investment fund option, the applicant primarily needs to qualify for a Golden Visa.

Thus he or she needs to;

  1. Be a non-EU-EEA citizen and a non-Swiss citizen,
  2. Have a clean criminal record,
  3. Depending on the fund and the fund management company, the investment funds may bring additional requirements to the applicants.

These typically include the investor to:

Be a savvy investor, meaning the investor needs to have experience with some kind of financial instrument such as company stock, government bond, company bond, fund, etc.

  1. Provide proof of sufficient funds,
  2. Provide the source of funds

Golden Visa in Portugal is one of the most successful residence-by-investment programs in Europe. Since 2017, applicants are able to make a minimum investment of 350,000 Euro in a qualifying investment fund in Portugal in order to obtain their residence permit in Portugal.
There are many factors to take into effect in assessing, which is the right fund for a particular investor. As all the funds will be incentivized to push their own product, we highly recommend working with an independent advisor that will represent you in the process.

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