In Portuguese, an investment fund in general is called a fundo investimento. The vast majority of funds eligible for Golden Visa investment are classified as fundo de capital de risco (FCR). In English, both venture capital and private equity funds would fall under this classification.
The FCRs are governed by Law 18/2015, of March 4 and their management regulations document. The overall targeted capital by funds usually falls between €20-50 million (with a few exceptions being around €100 million).
Golden Visa eligible funds could be divided into 3 main groups:
- Private equity (PE) funds (fundos de capital de risco—FCR)
- Venture capital (VC) funds (fundos de capital de risco—FCR), and
- Mutual funds (fundos de investimento mobiliário).
