Portugal’s Golden Visa program has led to the creation of various funds targeting different sectors, including solar power, senior care, and aquaculture. These funds are designed to attract investors who are interested in obtaining a Golden Visa, which provides residency in Portugal.
Targeted Sectors
The sectors targeted by these funds include solar power, senior care, aquaculture, technology, research and development, and media. For example, the New Frontiers Energy Fund II focuses on scalable solar photovoltaic projects, while the IMGA Silver Domus fund targets Portugal’s senior-living sector.
These funds are required to invest in commercial companies headquartered in Portugal, with at least 60% of the investment value placed in these companies. The funds must also have a maturity of at least five years and a minimum investment of 500,000 euros.
Investment Requirements
Investors who are interested in obtaining a Golden Visa through these funds must meet certain requirements. They must invest a minimum of 500,000 euros in a fund that meets the requirements set by the Portuguese government. The fund must also be created under Portuguese law and have a maturity of at least five years.
Original reporting: El Paso News (HLL/CB) — read the source article.
