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At MFG Consultants, the Golden Visa application via funds has been one of the most frequent options of our customers for its simplicity, reliability, security to obtain the Golden Visa.

The minimum investment requirement for Portugal Golden Visa’s investment fund option is currently €500,000.

The investment fund route for the Portugal Golden Visa was introduced through an amendment in Portuguese Law no. 102/2017, of August 28th, 2017 updated from January 1st of 2022. The corresponding part of the law reads:

“Capital transfer of the amount of €500,000 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”

Here is the first attention point: not all funds are fully eligible for the Golden Visa so always seek expert help to assure that your investment is aligned with your goals.

Check our introductorily video below.


Eligible for the €500.000 investment Golden Visa

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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:


  • Be a non-EU-EEA citizen and a non-Swiss citizen,

  • Have a clean criminal record,

Americans: Can a US Citizen Invest in a Portuguese Investment Fund for Golden Visa?

Yes, a US citizen can invest in an investment fund to obtain a Golden Visa in Portugal.


The investment fund route of the Portuguese Golden Visa program has certain advantages that other investment routes lack.


  • Low Investment: Compared to other investment routes for the Portuguese Golden Visa program, such as the capital transfer (€1 million) and real estate options.


  • Low Fees and Taxes: Investing in investment funds does not lead to hefty fees, and taxes like the real estate acquisition does. Acquiring a property in Portugal comes with an IMI transfer tax (avg 6%), stamp duty (0.8%), and annual municipal taxes (between 0.3-0.5% annually); an investment in a fund has none of these taxes.


  • Safe Investment: A registered fund in Portugal is regulated by (1) the Portuguese Securities Market Commission (CMVM), (2) the Bank of Portugal, and (3) the external Fund Management company. Additionally, (4) the Portuguese Tax Authorities also audit the fund. Such high levels of regulation ensure that the fund complies with the Portuguese legislation, tax laws, and the proposed investment plan approved by the fund investors.


  • Tax-Efficiency: Depending on the tax structure of the fund and the investor, an investment in a fund may yield significant tax efficiencies. Certain cases allow for exemption of withholding tax on the income generated by the fund, particularly if the investors are not tax residents in Portugal. Conversely, all real estate rental income is subject to a fixed 28% taxation in Portugal.


  • Diversification: The Portuguese legislation governs the funds to obtain a certain level of diversification. There are quotas as to what percentage a particular asset or investment in the fund may constitute of the total fund portfolio. This allows for diversification of investments within the fund, and an alleviation of risk for the participating investors.


  • Potential Earnings: Depending on the focus of the fund, the annual yields and the eventual capital appreciation may be significantly higher than other investment options related to the Golden Visa program.


  • Management Delegation: Unlike being a real estate landlord, owning a participation unit in an investment fund is a hassle-free investment. The burden of management is delegated to the fund managers.


At MFG Consultants, we have a team of truly experienced specialists (engineering, management, and finance) who independently analyze, assess, and propose some solutions to investors. We prefer to work with few products, but we try to make these the best and the most transparent and reliable so that you don't have an unpleasant surprise afterwards. All our options are fully regulated by the CMVM and 100% eligible for Golden Visa.

Open Space Office



  • Risk diversification: Safer and diversified allocation of assets. No debt to finance investments or operations

  • Extremely tax efficient: 100% tax exempt for non-resident investors

  • Existing portfolio and expertise from a partner with a huge proven track record in the real estate sector

  • Trustworthy team: No brainer low maintenance investment. The fund manager has more than 6 years of experience

  • Preferential return - dividends (3% net in hand – liquid return without taxes attached) and capital invested 

  • Regulated by the Portuguese Financial Markets Authority (CMVM) and Audited by KPMG

  • Fund target up to €100M

  • You can choose the exit strategy: the investor can request the return the money or exchange for an apartment at the end of the program

  • Partner with a track record of more than 20 real estate projects already acquired for renovation

  • Good and reliable alternative to the typical Real Estate developments with yearly granted income and buyback

  • Good reliable investment that provides a safe, uncomplicated NET return and an original exit strategy where you can recover your money or receive an apartment (+€500.000) from this developer.



Only the best investment options

No travel? No problem! We handle everything remotely

Large Coverage‏ and a full service at your disposal

  • Individual advice on the process of buying and selling investments / properties.

  • Structuring investments / real estate projects

  • Contractual Due diligence

  • Client representation in all stages of negotiation, formalization and management

  • Tax Planning

  • Real Estate Asset Management

  • International conveyance 

  • Contact with the client and elaboration of legal documents in several languages

  • Response in 24 hours, 7 days a week

  • Client representation. All processes (investment search and acquisition and GV application) can be fully held remotely by our team

  • Opening a bank account remotely and fiscal representation

  • Investment Advice

  • Tax Planning

  • Due diligence documentation for investment (acquisition of property) 

  • Preparation and presentation of the process with the immigration services

  • Follow-up for 5 years to the investor and family members

  • Investment / Property Selection and Acquisition Process

  • Due-Diligence

  • Dedicated Legal Department

  • Exclusive GV eligible Investments 

  • Banks & Insurance (remote option available)

  • Property Management (rent and after-sales)

  • Tax Representation and Accountant Service

  • Family and certification


MFG Consultants, is a top leading investments consulting firm with more than 10 years of experience at a national and international level. This allows us to offer a multidisciplinary service of high quality and level of expertise.
The Company is established in Portugal since 2010, starting its activity in Cascais and currently has 2 offices in Portugal including Vilamoura. We have national coverage. 
The Company’s competitive advantages reflect its brand image:  availability, our commitment to specialization and quality, focus and proximity with our clients, a philosophy based on a fast and none bureaucratic way of working, results orientation and professional ethics commitment, a team fluent in several languages.
We offer a full and REAL integrated service of high quality suitable to customer needs. At our investments portfolio we have always available the latest opportunities by working closely with dozens of the best agents and developers in the Portuguese market.

For more information and brochure download about the Portuguese Golden Visa program please visit our website:

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