Portugal Golden Visa 2024

As the global landscape shifts, so does the allure of the Portugal Golden Visa. This prestigious program has long been a magnet for international investors, and while its core appeal remains, the avenues to achieve it have evolved. The most notable change in 2023 was is the pivot away from real estate investments, redirecting the focus towards Eligible Investment Funds, with a spotlight on Private Equity Funds PEFs).

Private Equity Funds – PEFs): The New Frontier

Introduced in 2017, PEFs emerged as an innovative alternative for the Portugal Golden Visa Program. Their popularity has skyrocketed, now accounting for an impressive almost 30% of all applications. This surge is particularly evident among North American investors. The Blue Portugal, with its deep-rooted expertise in this sector, stands as a beacon for investors, illuminating the path through the intricacies of PEFs investments.

Diving Deeper: What Makes Eligible Investment Funds Stand Out?

• Diverse Opportunities: Investors have the luxury to spread their investments not just within a single fund but across a plethora of Eligible Investment Funds.
• Guided by the Best: These funds are stewarded by industry veterans whose strategies often surpass the returns of individual investors.
• Tax Incentives: The income from these funds enjoys a tax-free status. Moreover, non-residents can relish tax-free income, except for those hailing from “tax havens.”
• Robust Oversight: The Portuguese Securities Market Commission (CMVM) rigorously regulates PEFs in Portugal. This ensures that the funds operate with utmost transparency and align with European financial benchmarks.
• Regular Checks: Top-tier external auditors, predominantly from the “big five,” consistently review these funds, ensuring their credibility.
• Safety First: Each fund is tied to a depositary bank, which provides both custodial services and oversight.
• Investment Baseline: Those eyeing the Portugal Golden Visa through the fund investment route must make a minimum investment of €500,000 in Eligible Investment Funds.

Deciphering the Shift from Real Estate:

The exclusion of direct real estate investments from the Portugal Golden Visa program might seem drastic. However, it’s pivotal to understand the nuances. While funds centered on refurbishing real estate for subsequent sale or lease will no longer qualify, those investing in sectors like tourism, agriculture, elderly care, and student housing remain in the game. These sectors inherently rely on real estate infrastructure. Furthermore, traditional PEFs that channel investments into SMEs or startups across a myriad of sectors are still very much part of the Portugal Golden Visa narrative.

The Unwavering Dedication of The Blue Portugal:

The Blue Portugal’s mission transcends beyond mere investment guidance. With a team that boasts illustrious financial careers spanning various continents, we’ve forged invaluable connections with Portugal’s influential figures in the investment domain. Our commitment to continuous learning ensures that our clientele is always equipped with the most precise and current information to make informed decisions.