Portugal Golden Visa Market Statistics and Fund Data
In four years, investment funds went from a footnote in the Golden Visa programme to its defining instrument - capturing the majority of new capital flowing into Portugal.
All figures on this page are historical, drawn from SEF/AIMA data through 2023 - the most recent complete dataset available at time of writing. They pre-date Lei n.º 56/2023, which removed the property-purchase and capital-transfer routes; figures for later periods will not include those categories. See AIMA's published statistics for current numbers.
A decade of capital, re-routed.
Portugal Golden Visa fund approvals
Main applicants approved under the fund investment option, by year.
Source: SEF · Investment Migration Insider
The rise of fund investment
Capital deployed (€M) and approvals.
Funds vs. real estate - share of approvals
Funds overtook real estate as Portugal's preferred Golden Visa instrument.
Source: SEF · approximated share, Subp. 4 real estate vs. Subp. 7 funds
Total ARI capital inflow
€ millions, all qualifying investment categories.
Source: SEF
"The October 2023 reform closed real estate.
Investment funds remain - and remain the most popular route."
Provenance
Written by Hannah Wood (Operations Director)
Legally reviewed by Review pending
Last reviewed: 31 August 2026 · Last legally verified: Not yet verified
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