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Some Good News For Portugal Golden Visa Process to Close the Year 2024!

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Dear Clients and Friends,

As we approach the end of 2024, we want to take a moment to express our deepest gratitude for your continued trust and support throughout the year. It has been a year of growth, challenges, and significant milestones. Your partnership has been invaluable, and we are excited about the opportunities that 2025 will bring.

We look forward to working together in the coming year, helping you navigate new investment possibilities and achieve your goals. Thank you for being a part of our journey.

Portugal Golden Visa: Recent Progress

We are happy to share some good news regarding the Portugal Golden Visa (GV) process. As we all know, the government’s immigration authority (AIMA) faced significant delays with a backlog of over 400,000 applications.  The prolonged waiting times understandably caused frustration among clients.

Recently, AIMA has communicated an updated on the Golden Visa process, an excerpt as follows:

“AIMA has revised its online registration analysis policy and scheduling for ARI (Golden Visa) applications to prioritize older submissions and process concession requests electronically.

Once a notification is received, it will be possible to submit new documents, update the validity of previously submitted ones, and correct any formalities.”

We are now seeing some progress.  Latest Updates on final approval and residence card issuance.

Clients who completed biometrics in Lisbon: Those who did their biometric appointments up to January 2023 are now receiving final approvals and residency cards.

Clients who completed biometrics in other cities: Those who completed biometrics up to June 2023 are also receiving final approvals and residency cards.

We remain optimistic about continued improvements in the GV process and will keep you updated on further progress.

Image about golden visa funds subscription closing

Updates on Portugal Golden Visa Funds

1. Closing of the Tejo Solar Fund

We are pleased to announce the successful closing of the Tejo Solar Fund. For those still interested in renewable energy investments, we have several upcoming funds, including one with a lower minimum investment amount of €150,000—an excellent option for clients aiming to diversify their portfolios.

2. Upcoming Fund Closures in 2025

Looking ahead, we have two promising funds expected to close around March and April 2025, reaching their set fund-raising target.  This also means that if you would like to invest into these funds, you have to kick start now (as the bank opening process may take up to one month or more)

  • Mercan Hospitality Fund: This fund offers a guaranteed buy-back and a fixed 2% annual return. It’s an attractive option for clients seeking stability in Portugal’s growing hospitality sector.
  • Hospitality Expansion Fund: Similar to the Mercan fund, this one also provides a guaranteed buy-back and an upfront return of 40% on future cash flow—ideal for those focused immediate returns to lower their initial investment outlay.

3. Understanding Fund Guarantees

We’ve noticed some online discussions about the eligibility of guaranteed buy-backs and returns. While Portugal’s regulatory authority (CMVM) doesn’t allow funds to guarantee returns, nor buy back.  The guaranteed buy-backs agreements are made directly with fund sponsors or general partners, exactly the same way as if you are to sell your fund shares to any third parties.  Therefore there is no eligibility issue as the fund itself is not involved in the guarantees. 

4. Exciting New Funds Launching in 2025

We are excited about several upcoming funds next year:

  • Investment-Grade Corporate Bond Fund: Offering low-risk investments with expected returns of 2-3%, this fund will focus on globally recognized companies. 
  • Bitcoin Fund: This fund will hold Bitcoin directly. While cryptocurrency isn’t for everyone due to its volatility, clients interested in this sector should schedule a call with the fund manager to better understand the strategy and risks involved.
  • Alternative Asset Funds: We are also in talks with fund managers specializing in art collections, pharmaceuticals and so on.

Looking Ahead to 2025

We are excited about the opportunities ahead and are committed to guiding you through Portugal’s evolving investment landscape. Thank you again for your trust and partnership.

Wishing you a joyful holiday season and a prosperous New Year!

The Golden Portugal wishes a joyous holiday season

With warmest regards,

Susana Yang
Founder & CEO, The Golden Portugal

We have helped more than 500 families on their Portugal Golden Visa journey. 

We are also the pioneer firm to help clients to invest through funds back from 2020 until now. Come talk with us.

Book a consultation with us
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