Where Portugal is going next.
The Golden Visa and regulated Portuguese funds, with one person on the ground to coordinate every step.
Plan your investment →Last year, 68% of Portugal's electricity came from renewables. Its startups, laboratories and vineyards are exporting more than ever. We help international investors take part, through the Golden Visa and regulated funds, with someone accountable here.
Residency in Portugal. Five routes, none of them property.
Portugal's residence permit for investment lets non-EU nationals and their families live and work in Portugal and travel in Schengen, with minimal time in the country. We help you choose the route that fits, and coordinate it with your immigration lawyer.
- 01
Investment funds
€500,000Non-real-estate funds under Portuguese law, at least 5 years' maturity, 60% invested in Portuguese companies.
- 02
Arts & cultural heritage
€250,000Supporting artistic production or the recovery of national heritage. Reduced in low-density regions.
- 03
Company & jobs
€500,000Creating or capitalising a Portuguese company, with at least 5 permanent jobs.
- 04
Scientific research
€500,000Funding research at accredited institutions. Reduced in low-density regions.
- 05
Job creation
10 jobsCreating at least 10 jobs in Portugal. Fewer in low-density regions.
Minimum period to maintain the investment.
In Portugal in the first year, then 14 days in each following two-year period.
Eligible family members can be included.
Visa-free travel in the Schengen area, and a path to permanent residence.
Based on the requirements published by AIMA, checked October 2026. Real estate purchases no longer qualify. Amounts exclude fees and taxes. Eligibility, timelines, low-density amounts and the current citizenship rules must be confirmed by your immigration lawyer.
Official requirementsThe real economy. Not real estate.
Golden Visa funds must invest in Portuguese businesses, not property. Depending on the fund, that can mean sectors like these.
01Solar & renewables
Growth in solar output in 2025. Solar now covers 11% of national electricity use.
02Wind & infrastructure
Of national electricity consumption supplied by wind in 2025, within a record 68% from renewables.
03Agriculture & wine
Wine exports in 2025, a record by volume while global exports fell. 8th largest exporter worldwide.
04Technology
Active startups in 2025: €2.86bn turnover, 28,000 jobs. Sines hosts a 1.2 GW data centre campus.
05Life sciences
Health sector exports in 2025, up 37.9% and 7.1% of all Portuguese exports.
06Hospitality
Overnight stays in tourist accommodation in 2025, from 34.8 million guests.
Latest figures published by the sources linked, as of October 2026. They describe each sector in Portugal, not the performance of any fund. Illustrative sectors only: available funds, strategies and Golden Visa eligibility vary and must be confirmed with the manager and independent counsel. Photography: Unsplash.
Eligibility is a filter. Not a thesis.
Qualifying for the Golden Visa doesn't make a fund a good investment. These are the questions we put to every manager, alongside your independent advisers.
Manager
Who manages the capital, and what is their relevant track record?
Strategy
Where is the return expected to come from?
Alignment
How are the manager's and the investor's interests aligned?
Structure
What are the fees, liquidity limits and terms?
Underlying assets
What does the investor actually own exposure to?
Risk
What could go wrong, and what could be lost?
One entry point into Portugal.
Discuss investing →Objectives
Capital, timeline, residency goals and family.
Introductions
Relevant managers, with current documentation.
Independent advice
Legal and tax advisers assess the investment and your position.
Subscription
Onboarding with the manager, coordinated locally.
Life in Portugal
Residency partners, plus property or relocation if needed.
“Every mandate is led by me. You'll know what's happening, what I think and what needs to happen next.”
Camilla Costa founded HillForte after working in real estate and private equity in Lisbon, and leads every client relationship personally.
Your Portuguese desk, without building one.
- Local accessIntroductions to Portuguese managers and local opportunities.
- Diligence coordinationOrganised access to manager materials and specialists. Independent advisers assess.
- Client coordinationOne local contact for investment and residency steps.
- Beyond the fundProperty, relocation and private office, as separate services.
You keep the client relationship. Proposed commercial arrangements are considered individually and disclosed in writing.
What brings you to Portugal?
Tell us what you're considering. Camilla reads every enquiry personally.
Prefer to talk? WhatsApp or +351 917 053 405
Thank you. I'll be in touch personally.
Your enquiry has reached Camilla. If it's urgent, message us on WhatsApp.
Questions investors ask.
What are the Golden Visa routes?
Five, based on the current AIMA requirements: investment funds (€500,000), arts and cultural heritage (€250,000), creating or capitalising a company with jobs (€500,000), scientific research (€500,000) and creating 10 jobs. Some amounts are reduced in low-density regions. Your immigration lawyer confirms which route fits your case.
How much time do I need to spend in Portugal?
At least 7 days in the first year, then 14 days in each following two-year period, based on the current AIMA requirements. The investment must be maintained for at least 5 years.
Does buying property still qualify for the Golden Visa?
No. Based on the current AIMA requirements, real estate purchases no longer qualify. Qualifying routes include at least €500,000 in eligible non-real-estate funds constituted under Portuguese law. You can still buy a home separately, and we can help with that.
Does the Golden Visa lead to citizenship?
It can lead to permanent residence and, later, citizenship under the Nationality Law. The residence period required for citizenship changed in 2026, so your immigration lawyer should confirm the current rules and how they apply to you.
Does HillForte manage funds or give investment advice?
No. Our role is introductions and local coordination. Investment, legal and tax advice comes from independently appointed professionals holding the required authorisations. Any commercial relationship with a manager is disclosed before an introduction.
Can my family be included?
Eligible family members may apply under the family reunification rules. Your immigration lawyer confirms who can be included.
Do you work with advisers and family offices?
Yes. We act as a local point of coordination while you keep the client relationship.
Can you help with property and relocation too?
Yes. Many clients combine an investment with a home or a move. We coordinate property search, relocation and private office support as separate services.
This page is general information and is not an offer, solicitation or investment recommendation. HillForte's role is introductions and local coordination; investment, legal and tax advice must be provided by independently appointed professionals holding any required authorisations. Investing involves risk, including loss of capital. Past performance does not guarantee future results, and any return figures supplied by managers are targets, not guarantees. Golden Visa eligibility and approval depend on Portuguese law, the investment structure and individual circumstances. Verify all fund information against current manager documentation and the relevant regulatory records. US and other cross-border investors should take advice on their own tax, reporting and subscription requirements. HillForte Consultoria, Lda. · AMI 21687 · Mercado da Ribeira, Lisbon.