In 2023, investment funds played a pivotal role in Portugal’s Golden Visa program, contributing significantly with over €125 million, according to the Immigration and Borders Service (SEF), which indicates a remarkable increase compared to previous years. This segment accounted for about 30% of all visas issued under this scheme.
Investment Through Venture Capital Funds
Venture capital funds present a viable alternative for obtaining residency in Portugal through the Golden Visa program. Compared to traditional investment avenues such as real estate purchases or capital transfers, venture capital funds offer a less burdensome option with potential financial returns. These funds aid in supporting Portuguese companies at various stages of growth, promoting economic development and innovation.
Criteria and Benefits of Golden Visas
The Golden Visa program allows non-European investors to obtain residency in Portugal, facilitating easier access to the entire Schengen Area. To qualify, investors need to meet certain financial criteria and engage in substantial economic activities. These activities, which include creating jobs or investing in venture capital funds, are crucial for the local economy as they help develop key sectors and create employment.
Future Implications and Legal Guidance
The rising interest in investment funds highlights a trend towards diversified investment strategies within the Golden Visa framework. Investors considering this route should seek detailed legal advice to ensure they fully understand the program’s specifics and comply with all legal requirements.
Reis & Pellicano provides guidance in this field, assisting investors to comprehensively assess their options and maximize their investment potential in Portugal.
