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We’re on a mission to design the future of global citizenship.

We are committed to redefining what it means to be a global citizen by creating innovative Bitcoin-driven pathways for freedom, mobility, and opportunity.

Bitizenship is the promoter of the Bitcoin ecosystem fund, managed by 3 Comma Capital, the only crypto-focused licensed asset manager in Portugal. Our fund owns and operates real Portuguese companies with Bitcoin on their balance sheets, providing exposure to secure, lowest-fee ETFs by BlackRock and Bitwise.

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The Portuguese Golden Visa

Your window to Europe, the Portuguese Golden Visa is safe, convenient, and perfect for your family.

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Residence by Investment Benefits: Unlock Global Opportunities
ResidencyResidence by Investment Benefits: Unlock Global Opportunities Investment doesn’t have to be about stocks, startups, or square footage. It can be about the future. You can plant roots somewhere with more freedom, better systems, stronger passports for your kids, and a stronger safety net.For a growing number of investors, it’s less about where they’re from and more about where they want to grow.The idea of securing a second home base, legally and financially, is no longer unattainable. And now more than ever, countries are opening the door to those ready to contribute, on the condition that you bring capital, not just a suitcase.That’s where residence by investment comes in.What Is Residence by Investment?Residence by investment is exactly what it sounds like, a legal pathway to live in another country in exchange for a qualifying financial contribution. Instead of applying through traditional immigration routes like employment or family reunification, you invest directly in that country’s economy, through business creation, fund participation, or government-approved assets.The real draw lies in the residence by investment benefits that follow: the right to live in a new country, study, improved access to education and healthcare, easier international travel, sometimes with the added bonus of visa-free travel within a larger region (like the Schengen Zone in Europe). It’s not the same as citizenship, but for many, it’s the first step in that direction.These programs aren’t the same everywhere. Some countries require physical presence, others don’t. Some offer fast-tracked citizenship, while others provide long-term residency with potential tax perks.But the strongest programs are built around one core promise: that your capital can give more than returns, it can open doors.Why Investors Are Seeking Residency AbroadResidency has turned into a smart insurance policy over the past decade. It now sits at the heart of long-term financial and geopolitical planning. Investors don’t just react to shaky markets or regional conflicts. They move first, locking in legal status where they can find access, safety, and room to grow. Every region has its own reasons for making the leap.In the U.S., changing tax laws and rising political uncertainty have pushed more entrepreneurs to explore second residency in Europe or the UAE. In Asia, where outbound capital is heavily monitored, securing residency abroad often means gaining flexibility for international business and wealth preservation. In Latin America, the trend is often driven by the need for stability, currency protection, and future opportunities for younger family members.Let’s say an Australian investor decides to move part of his operations to the EU. By securing residency in Portugal through a regulated investment fund, he would gain access to the local economy, EU-wide banking, talent, and tax frameworks. That move would allow him to expand his business, while also offering his family new healthcare and education options.Across industries, from fintech to manufacturing, stories like this are becoming common. And while the specifics vary by country and program, the trend is clear: benefits of residency by investment are driving this shift.Residence by Investment Benefits ExplainedThe decision to pursue a second residency cannot be driven by a single factor. It’s the accumulation of advantages, both immediate and long-term, that makes it a compelling move. The strongest residence by investment benefits fall into a few clear categories, each with strategic weight depending on the investor’s goals.Global MobilityMany residency programs unlock visa-free access to broader regions. A residency in Portugal or Greece, for example, opens the Schengen Zone, allowing unrestricted movement across 26 European countries. For business owners with clients or teams across borders, this can dramatically cut red tape.Tax OptimizationSeveral programs offer favorable tax regimes for foreign residents. Portugal’s IFICI regime offers structured tax benefits for new residents with qualifying foreign income, making it one of the more attractive residence by investment benefits in Europe. Malta uses a remittance-based system, taxing only income brought into the country. The UAE stands out with zero personal income tax, while Greece offers a flat annual tax for certain high-net-worth individuals. Wealth Protection and DiversificationA second residency can help investors reduce reliance on any single legal system or banking jurisdiction. For those holding international assets, this creates an additional layer of security. Residency in politically stable countries like Malta, or the UAE also helps hedge against domestic instability or currency volatility.Access to Healthcare and EducationThe non-financial residence by investment benefits are often just as valuable as the financial ones. Families with children can take advantage of top-ranked education systems in countries like Germany or Ireland, while retirees benefit from healthcare networks in Portugal or Greece.Business Expansion and OperationsEstablishing residency in a new jurisdiction can streamline local hiring, licensing, and incorporation. This is especially relevant for digital entrepreneurs, real estate developers, or consultants looking to operate across multiple markets without facing the usual foreign entity restrictions.Long-Term Path to CitizenshipWhile residency isn’t citizenship, many programs are structured as a stepping stone. Countries like Portugal and Greece offer paths to naturalization after five to seven years, provided minimum stay and integration requirements are met. For investors thinking generationally, this layered benefit adds significant value.Collectively, these residence by investment benefits represent more than convenience, they enable access to systems, protections, and opportunities that might otherwise remain out of reach. And for investors building globally, that access can be transformative.What Is a Golden Visa?A “Golden Visa” is a residency-by-investment program. You invest a set amount of money and get a faster path to legal residence. The big perks are low stay requirements, multi-year permits, and a clear route to long-term settlement. Governments offer visas to pull in foreign capital and achieve growth in real estate, innovation, and public projects. Several European countries have offered them for more than a decade, but the rules and qualifying investments keep shifting.Portugal’s Golden Visa program, once centered around real estate, has recently changed course. Property investment is no longer eligible. Today, investors can also qualify through regulated funds, R & D donations, or backing arts and heritage. This shift shows that governments now prefer capital that fuels long-term growth rather than quick property deals. Greece is a holdout; you can still meet the rules by buying real estate worth at least €250,000. Malta opts for a different approach, combining residency and citizenship in a single government-run package.Golden Visas remain one of the most flexible ways to unlock residence by investment benefits, but understanding each program’s scope and limitations is crucial.What Are the Advantages of a Golden Visa?The advantages of a Golden Visa often overlap with broader residence by investment benefits, but there are a few characteristics that set them apart:Minimal stay requirements Most Golden Visa holders are not required to live full-time in the host country, making it ideal for frequent travelers or global entrepreneurs.Family inclusionSpouses, dependent children, and sometimes parents or in-laws can be included under the same application, creating a single solution for multigenerational planning.Visa-free regional accessResidency in one Schengen country allows for unrestricted travel across the entire zone, a practical benefit for investors with interests across Europe.Path to permanent residency or citizenshipThough time frames vary, many Golden Visa programs lead to permanent residency or naturalization, especially when minimum stay and integration requirements are met.Diversification of legal and tax residencyGolden Visas can provide a valuable second legal base, especially in countries with favorable tax regimes or bilateral agreements.As countries refine their policies, the appeal of Golden Visas has shifted from being a quick fix to a long-term planning tool, one that still offers some of the most meaningful residence by investment benefits available today.Countries That Offer the Best Residence by Investment BenefitsNot all programs are equal, and the best choice depends on a combination of investment threshold, timeline, and long-term benefits. The table below compares leading options based on minimum investment, key residence by investment benefits, and relevant program features.CountryMinimum InvestmentKey Residence by Investment BenefitsPath to CitizenshipNotable Program FeaturesPortugal€500,000 (regulated fund)Access to Schengen Zone, IFICI tax regime, education & healthcare accessYes, after 5 yearsNo real estate option, low physical presence, stable legal frameworkGreeceFrom €250,000 (real estate)Schengen access, family inclusion, optional tax incentivesYes, after 7 yearsLowest EU real estate threshold, no stay requirementMalta€182,000 minimumRemittance-based tax system, EU access, business-friendly climateYes, after 5-6 yearsBlend of contribution and leasing, active expat support infrastructureUAEAED 2M (~€500,000) property or fundTax-free personal income, no wealth tax, strategic location for businessNo direct path10-year visa, strong for relocation and HQ structuringPanama$300,000 (real estate)Territorial tax system, USD-based economy, regional accessYes, after 5 yearsPopular among U.S. and Latin American investorsItaly€250,000-€2M (startup, fund, bonds)Flat tax options for HNWIs, Schengen access, family inclusionYes, after 10 yearsMultiple investment routes, favored by wealth advisorsEach of these programs delivers a different mix of residence by investment benefits, from tax incentives to mobility and long-term security. While some prioritize ease of access, others are better suited for investors looking at eventual citizenship or full relocation planning.How Residence by Investment Compares to Citizenship by InvestmentWhile often mentioned in the same breath, residence and citizenship by investment are distinct legal statuses, and the benefits of citizenship by investment go well beyond what residency alone provides.Residency grants the right to live in a country, and in some cases, access services like healthcare, education, or visa-free travel within specific regions. It’s a legal foothold. But unless it includes a clear path to naturalization, it doesn’t automatically lead to full membership in that country’s political or legal system.Citizenship, on the other hand, comes with a passport, and with it, the right to vote, consular protection, and, often, expanded global mobility. The benefits of citizenship by investment can include visa-free access to more countries, stronger legal protections abroad, and fewer restrictions on business or property ownership. In countries like Malta or Antigua and Barbuda, citizenship can be obtained within months, often with no physical residence requirement at all.That said, residence by investment benefits can be just as strategic, especially for those who don’t need a second passport immediately but want to create a flexible, long-term presence in another jurisdiction. In Europe, for example, residency is often the only viable first step toward citizenship, with naturalization available after five to ten years, depending on the country.Choosing between the two comes down to goals: whether the priority is immediate access or building toward a more permanent future. In many cases, residency is the beginning of that process.Most Common Investment RoutesThe structure of a residence by investment program is shaped by what each country wants to attract. Some prioritize capital that supports national development. Others want to boost local business, create jobs, or raise their profile in global finance. That’s why the qualifying investment routes vary, but a few consistently appear across top programs.Investment FundsSeveral countries now favor regulated investment funds over real estate. Portugal, for example, shifted entirely to funds that support innovation, tech, and green energy. These routes appeal to investors looking for yield and regulatory oversight while meeting residency thresholds.Real Estate AcquisitionReal estate is still popular in Greece and Panama. It offers a simple route: buy property, gain residency, and own a solid asset. Some programs, like Malta’s, even let you lease instead of buy. Others push you to develop in specific regions.Government ContributionsIf managing property feels like a hassle, you can donate directly to a national development fund instead. This path typically moves faster and requires significantly less paperwork.Business Formation or Job CreationIn countries like Italy or Canada, launching or investing in a business that creates local employment can serve as the qualifying route. These options often suit entrepreneurs with a long-term plan to expand operations internationally.Each of these investment types is tied to a specific regulatory structure and comes with different expectations. But all are designed to deliver residence by investment benefits in return for a meaningful contribution to the host economy.Risk Factors & ConsiderationsWhile the residence by investment benefits are clear, the programs aren’t without risk. Not every offering on the market is well-structured, or well-regulated. Investors looking at second residency should weigh more than just minimum investment amounts and marketing headlines.Program StabilityResidency programs can change with shifting political climates. Requirements may tighten, benefits may be reduced, or entire routes may be suspended. For example, Spain completely abolished their Golden Visa program on April 3rd, 2025, to better manage their housing crisis.Physical Presence RequirementsSome programs, like Italy’s, require residents to spend a minimum number of days in-country to renew or qualify for long-term status. Failing to meet those terms could mean losing your residency and your investment benefits along with it.Due Diligence and VettingGovernments are increasing their scrutiny of applicants. Background checks are thorough, and any inconsistencies, especially related to the source of funds, can result in delays or rejection. It’s critical to work through licensed legal professionals and avoid “fast-track” schemes with unclear structures.Liquidity and Exit StrategyInvestments tied to funds, property, or business formation may have lock-up periods or restrictions on resale. The residence by investment benefits can be lost if the investment is withdrawn too early, so liquidity planning should be part of the broader strategy.While these risks are manageable, they aren’t optional to consider. Due diligence goes both ways; governments vet applicants, and serious investors should vet the programs just as thoroughly.How to Choose the Right Residence By Investment ProgramChoosing a residency program isn’t just a matter of budget, it’s a question of fit. The most important residence by investment benefits vary depending on whether the goal is mobility, tax efficiency, long-term relocation, or a path to citizenship.Some investors prioritize programs with minimal physical presence requirements, allowing them to maintain their primary business elsewhere. Others want access to a specific region, like the EU, or to lock in healthcare and education benefits for their families. For some, the appeal lies in tax structuring: countries like Portugal and Malta offer very different frameworks, and understanding those differences matters more than the entry cost.Timeline also plays a role. Not all programs offer immediate access or fast-track naturalization. A country with a five-year pathway to citizenship might be ideal for those with long-term planning horizons, while others may need immediate regional access or banking flexibility.Finally, regulatory transparency, administrative efficiency, and legal safeguards should never be overlooked. The best programs are clear, predictable, and backed by a stable rule of law. When large capital is involved, that structure matters.How Bitizenship Helps You Unlock Residence by Investment BenefitsAt Bitizenship, we work with people looking to invest in Portugal’s Golden Visa, and we focus on making the process feel simple, structured, and personal. We specialize in helping you apply through the Unbound Fund, a fully eligible investment fund under the current Golden Visa program.From the moment you decide to invest, we’re with you through every step. That includes:Coordinating the investment process with the Unbound FundManaging all required legal and financial documentationWorking alongside licensed Portuguese lawyers and tax advisorsEnsuring compliance throughout the entire processFor most of our clients, residency is just the beginning. Over time, it opens the door to citizenship, and everything that comes with it. We’re here to make that path as smooth as possible, with support that goes beyond paperwork.Final Thoughts About Residence by Investment BenefitsGlobal residency could very well be the future of investing. It offers access when systems back home feel restrictive and protection when markets fluctuate.The decision to pursue it often starts with a specific goal, travel access, tax efficiency, or family planning, but what it unlocks tends to reach further than expected.Portugal continues to stand out as one of the most stable, transparent, and rewarding residency options in Europe. Even with the recent shift away from real estate, its Golden Visa program remains highly competitive through regulated investment funds. With access to the Schengen Zone, a clear path to citizenship after five years, and a new tax regime (IFICI) that favors international capital, Portugal offers a well-rounded framework for those looking to establish a base in the EU.What makes the residence by investment benefits in Portugal particularly compelling is how they balance flexibility with long-term potential. You don’t need to relocate full-time, but you do gain real access: to healthcare, to education, to financial systems, and eventually, to citizenship. And unlike many fast-track programs around the world, Portugal’s approach is structured, legal, and designed to support sustainable growth, for both the country and the investor.Making a move like this comes with complexity, but it also opens doors. Whether you’re building a bridge for future generations or simply want the freedom to choose where and how you live, residency through investment can offer that foundation.And if Portugal is where you’re headed, working with the right partner can make all the difference. From understanding the rules to managing the process, the path is clear, you just have to take the first step.FAQ About Residence by Investment BenefitsWhich citizenship by investment program is best? The best citizenship by investment program depends on whether you're seeking EU rights, fast processing, or global travel access. Portugal is a solid choice for investors who want unparalleled lifestyle.  What is a Golden Visa and how does it work in Portugal? A Golden Visa is a residency program that grants legal status in exchange for a qualifying investment. In Portugal, the current version is structured around contributions to eligible investment funds. It requires limited physical presence and leads to citizenship after five years, making it a highly attractive option for investors seeking both flexibility and eventual EU citizenship. What are the advantages of a Golden Visa? The advantages of a Golden Visa include legal residency, visa-free access within the Schengen Zone, family inclusion, and, over time, a pathway to citizenship. Portugal’s Golden Visa, now available through regulated investment funds, remains one of the most efficient routes in Europe, especially for investors looking to secure both short- and long-term residence by investment benefits. What is the cheapest citizenship by investment currently available? The cheapest citizenship by investment programs are offered by countries like Dominica and St. Lucia, starting at just $200,000 via government contributions. These Caribbean programs are popular for their simplicity and speed, though they don’t offer the same regional access or long-term stability as EU-based programs. Which countries offer citizenship or residency by investment in 2025? There are more than 20 countries currently offering residency or citizenship by investment options. In Europe, Portugal, Greece, and Malta lead the way. Outside of Europe, the UAE, Panama, and several Caribbean nations provide well-established programs. What are the best residency by investment programs in Europe? The top residency by investment Europe programs include Portugal and Greece. Portugal’s program stands out for its stability, low physical stay requirements, and structured path to citizenship, while Greece offers the most affordable entry point. How does Portugal compare to other residence by investment countries? Among all residence by investment countries, Portugal continues to set itself apart. Its regulatory clarity, fund-based investment route, and five-year timeline to citizenship make it ideal for serious investors. In contrast, programs in places like the UAE focus more on business advantages than eventual settlement or political rights. Can I still apply for residency by investment in Spain? No. As of April 2025, residency by investment in Spain is no longer available. The government officially closed its Golden Visa program, which had allowed non-EU nationals to obtain residency through a €500,000 real estate investment. The decision was made in response to growing concerns over housing affordability and the impact of foreign capital on local property markets. What does residency by investment in the UAE offer? Residency by investment in the UAE is built around long-term Golden Visa options that cater to investors, entrepreneurs, and skilled professionals. Investors can qualify by purchasing property worth AED 2 million, investing in a local fund, or launching a business with a minimum capital threshold.

17 MIN READ

07 Aug 2025

Second Passport Benefits – More Travel, Security and Opportunity
CitizenshipSecond Passport Benefits – More Travel, Security and Opportunity If you want more financial options and the ability to travel freely, getting a second passport might be your next step. Many people around the world opt for it to improve their lives (and quite massively). In this post, we’ll go over second passport benefits, what it is, why more people are choosing one, and how you can decide if it’s right for you.Why More People are Getting a Second PassportIt’s a mere misconception lingering from the past that getting a second passport is only a viable option for the wealthy. The demand for second passports has increased dramatically over the years, with more countries allowing dual citizenship.Entrepreneurs, Bitcoin investors, and even regular families that can afford it are now jumping on board to open up new avenues of financial growth, start a new chapter in their lives, or have a “backup plan” in case their home country goes through economic, political, or social instability. For professionals, dual citizenship opens access to new markets, tax benefits, asset protection, and visa-free travel. Families often prioritize safety, healthcare, education, and quality of life when choosing a second passport. If another country offers better opportunities, it’s more than just a luxury. It’s a practical step toward improving nearly every aspect of life. That’s also precisely why every Bitcoiner should invest in alternative citizenship.Key Benefits of a Second PassportEvery passport acts like a "key" that unlocks a unique set of privileges. Own two keys? You double your access. That’s the simplest way to explain the biggest advantage of a second passport. The list goes on, but here are just some of the benefits of second passport. Think of these as the “why” behind the growing trend.1. Freedom to TravelNot all passports are created equal. There are some that act like VIP passes, which let you breeze through borders. Others? They’re more like a never-ending checklist of visas and paperwork. If your current passport limits where you can go, a second (stronger) one becomes your shortcut to stress-free global access.With two passports, you get to choose which one to use when entering most countries. (Quick note: Places like the U.S. require citizens to use their U.S. passports for entry, but this is rarely a hassle.Overall, your second passport will cut through the red tape of global politics, turning you into a truly borderless citizen.2. Better SecurityTo be fair, no country is immune to crises. Economic crashes, political unrest, and social upheaval will always be a part of a nation. If not at the moment, then potentially in the future. A second passport acts like an insurance policy for your safety. If things go south in your home country, you’ve got a backup plan. It’s a literal ticket to stability.3. Wealth ProtectionEver heard of “don’t put all your eggs in one basket”? A dual citizenship helps you avoid doing just that. Here are a few ways:Open offshore bank accounts (with better interest rates or currency options).Invest in foreign markets (think real estate in stable economies).Slash taxes legally. Countries like the UAE, Portugal, and St. Kitts & Nevis offer near-zero tax rates for citizens.It allows you to spread your wealth globally so that you’re no longer at the mercy of one country’s economy. Besides, dual citizenship also opens up new markets for investment, and now, since you’re a citizen of a new country, it’s much easier to open a business.4. Access to Better Healthcare and EducationSuppose you live in a country where either healthcare or education (or both) is objectively not up to your expectations. In that case, a second passport becomes a way for you and your family to get access to better hospitals and universities.In terms of improved quality of life, the EU has often been a great example of high-quality public services that make a huge difference. Singapore and Canada are also great examples of countries that can help you improve your life and reset your family’s future.5. Lifestyle UpgradeRetire on a Mediterranean coast. Work remotely from a tropical island. Raise kids in a country with cleaner air and safer streets. A second passport turns these dreams into actionable options. Dual citizenship means you can split your time between two countries. Alps in winter? Bali beaches in summer? Your playground just got bigger because the possibilities are multiplied several times over.How Nationality Affects Your Second Passport OptionsYour current nationality is the #1 factor shaping your second passport options. Let’s break it down.The No-Go Zone: Countries that outright ban dual citizenship. Think China, India, or Saudi Arabia. If you gain a second passport here, you’ll have to surrender your original one, with no exceptions.The Gray Area: Countries with strict (but bendable) rules. Japan, Germany, and the Netherlands generally don’t allow dual citizenship, but the keyword is “generally”. However, there are loopholes. For example, if you’re born with dual nationalities, if you marry a foreign citizen, or if you secure special government approval, you might keep both, but it’s still not guaranteed.The Flexible Nations: Countries like the US, UK, Canada, and most EU states. Here, holding multiple passports is common. No need to renounce your original citizenship, and you’ll enjoy perks like visa-free global access. It’s important to know that the US taxes citizens worldwide, so weigh the pros (strong passport) against the cons (tax headaches).All in all, your starting point (nationality) decides your path.Second Passport vs. Second Residency: What’s the Difference?They might sound similar, but a second passport and a second residency are very different in terms of what they offer, how you get them, and what they cost. Let’s break them down individually so your options are easier to understand, and you can make the decision that suits you best.1. Second Residency (Legal Permission to Live in Another Country)You might naturally gravitate towards a second residency instead of a second passport, assuming it’s easier to get and less of a hassle. Indeed, it often is easier and becomes a great alternative for those who don’t feel ready for full citizenship yet.A second residency lets you live legally in another country without becoming a citizen. You keep your original passport, renew residency periodically, and avoid the hurdles of full citizenship. But is it the right move for you? Let’s weigh the pros and cons:ProsConsMost residency programs ask for proof of income, a modest investment, or a business setup. No need to uproot your life, as many don’t even require full-time living.Residency doesn’t equal citizenship. No voting, no passport perks, no consular protection. You’re essentially a long-term guest.Compared to citizenship-by-investment (think six-figure sums), residency is far cheaper.Most residencies demand renewals every few years, and you’ll need to prove you’ve spent enough time in the country. Skip this, and your status vanishes.Some programs, like the UAE’s zero-tax residency, act as financial cheat codes for entrepreneurs. Always consult a tax professional because not all residencies offer perks.Want visa-free access? Residency won’t help. That’s a passport-only perk. If one of your primary goals is traveling with more freedom, residency won’t help.Residency in places like Portugal or Spain can fast-track citizenship after 5-10 years. It’s like a “try before you buy” phase.2. Second Passport (Full Citizenship)Now, let’s talk about a second passport, which grants full citizenship of a country. This means you’re legally and socially recognized as part of that country and have all the rights granted to its citizens, just like those born there. Here are the good and bad of it:ProsConsYou have the same rights as someone born in that country, allowing you to live freely without visa renewals, vote, and access other citizenship perks.Unless you’re marrying a citizen or claiming ancestry, citizenship demands years of residency (5+ in countries like Spain) or a huge investment. A stronger passport acts like a golden ticket. For example, swapping a restrictive passport for one from St. Kitts & Nevis opens visa-free access to over 150 countries, including the EU and the UK.Many countries do not allow dual citizenship, including India and China. This means, if an Indian citizen wants to become a citizen of another country, they must revoke their Indian citizenship and original passport.Citizenship isn’t just for you but also a gift to your children. Pass it down, and they’ll inherit the same safety, opportunities, and backup plan you’ve secured.Some countries, like the US, tax citizens globally. Even if you live abroad, you’ll file taxes in both countries.When political chaos, economic crashes, or social unrest hits your home country, dual citizenship is your instant exit strategy. No waiting for visa approvals. Just grab your passport and go.Secure Your Second Passport with the Help of BitizenshipGoing through the “maze” of bureaucracy, legal hurdles, and investment programs alone? That’s where most people get stuck. However, you don’t have to figure it out on your own.At Bitizenship, we specialize in helping crypto investors and globally-minded individuals secure Portugal’s Golden Visa, which is a powerful first step toward long-term EU residency and eventual citizenship.Here’s why you might want to choose us:Built for Bitcoin Investors: Through the Unbound Fund, you can invest in a Bitcoin-friendly, future-focused vehicle that qualifies for Portugal’s Golden Visa.Expert Legal Navigation: We partner with top lawyers to make sure your application is compliant and headed for success.Focused & Specialized: We don’t offer everything. We focus on what we know best, which is Portugal’s Golden Visa. That means no distractions, no fluff - just proven results.If you want to unlock the lifestyle, business, and travel benefits of a second passport, this is where it starts. Bitizenship helps you carve a strategic move to go beyond borders and achieve your true business and lifestyle potential. Get in touch today to invest in Portugal Golden Visa.Closing ThoughtsA second passport can be a game-changer because it gives you the chance to thrive in a country that matches your values, with stronger economies, top-tier healthcare, and freedom you’ve only dreamed of. It might sound a bit too good to be true, but it’s very much attainable. And with Bitizenship, it’s a game you’re built to win. FAQsWhat are the benefits of having a dual passport? Having a dual passport gives you the same perks enjoyed by citizens of a country. So, if you’re a citizen of two countries, that’s roughly double the benefits. This also translates to access to more countries visa-free, better financial and tax opportunities, a safety net during political or economic unrest, and an overall upgrade to your lifestyle. What is the best country to get a second passport? The best country to get a second passport depends on your goals and preferences. For example, if traveling is a priority, European options like Portugal or Malta are excellent. For those wanting citizenship via investment, there are options like St. Kitts & Nevis or Dominica. And, if you’re seeking long-term residency leading to citizenship, countries like Canada or Australia may be better suited. Which passport has the most benefits? Countries with the strongest passports, like Japan, Singapore, and Germany, offer the most visa-free travel options, with access to over 190 countries. That said, the benefits that matter most depend on personal needs. Some passports provide better financial privacy, tax advantages, and business opportunities, while others make traveling easier. What is the 2nd best passport? Passport rankings aren’t fixed and change based on visa-free travel, global mobility, and other perks. However, according to the Henley Passport Index 2025, the second most powerful passports in the world currently belong to Japan and South Korea, both offering visa-free access to 190 destinations.

11 MIN READ

15 Apr 2025

Top Portugal Golden Visa Investment Funds to Consider in 2025
Golden visaTop Portugal Golden Visa Investment Funds to Consider in 2025 In 2025, Portugal’s Golden Visa investment funds are one of the most viable routes to EU residency for international investors. With real estate removed from eligibility, investors are pivoting toward regulated private equity and venture capital funds that meet Portugal’s legal requirements for the Golden Visa, and often offer competitive returns.These Golden Visa investment funds in Portugal give you exposure to sectors like tech, renewable energy, hospitality, and infrastructure, all while maintaining a passive investment profile. There’s no need to manage property, chase tenants, or worry about shifting real estate regulations. However, these programs differ a lot. Fees, risk levels, sector focus, and even exit terms vary wildly. Some funds are built with short-term capital preservation in mind. Others are more aggressive, aiming for high-growth over 7-10 years. And while all qualifying funds require a minimum investment of €500,000, what you get for that sum can differ dramatically.Why Consider Portugal’s Golden Visa Investment Funds?After the Portuguese government closed the real estate investment route in 2023, regulated funds became the most popular path for investors who want residency.So, what does this model bring?A Simpler, Smarter Investment RouteFirst, Golden Visa investment funds in Portugal are professionally managed and regulated by the Portuguese Securities Market Commission (CMVM). That means they operate under strict transparency, reporting, and compliance guidelines.That means that you’re investing in a legally structured fund, usually a private equity, venture capital, or growth-focused vehicle, that pools capital and allocates it across a portfolio of Portuguese businesses, sectors, or infrastructure projects. These can include:Green energy developmentsHealthcare innovationsEarly-stage tech companiesHotels and tourism redevelopmentLogistics and industrial parksHow it Could WorkFor the sake of this example, imagine an investor who originally planned to purchase an apartment in Lisbon. When the Golden Visa real estate path was cut off, they redirected the €500,000 toward a fund focused on renewable energy infrastructure. That fund is expected to deliver annualized returns of around 6-8% over a 7-year period, with full capital return at maturity. So, instead of buying into a saturated property market, they joined a green growth initiative backed by stable, recurring energy contracts.Less Hassle, Lower OverheadUnlike owning property, there are no maintenance costs, no property taxes, no ongoing paperwork related to tenants or Airbnb restrictions. Once you invest, your obligations are minimal beyond the fund’s reporting cycle and visa renewals. For investors balancing global business portfolios or moving across borders, this is a major advantage.More Flexibility, Especially for Non-ResidentsPortugal’s Golden Visa investment funds are also well-suited for non-EU investors who don't plan to live in Portugal full-time. The minimum stay requirement remains just seven days per year, far less than residency-by-rental programs in other European countries. And because the funds are professionally administered, investors can manage everything remotely with the help of legal representatives.How Much Do You Need to Invest in Portugal to Get a Golden Visa?The standard minimum investment amount for Portugal’s Golden Visa investment funds is €500,000. This requirement hasn’t changed with the 2023 Golden Visa reform, and it applies specifically to qualified investment funds regulated under Portuguese law. But there are fees involved, so understanding the total cost of entry is essential before making a move.The Core Requirement: €500,000 in a Regulated FundTo qualify, your €500,000 must be invested in a fund that:Is registered and supervised by the CMVM (Portuguese Securities Market Commission)Has a minimum maturity of 5 yearsInvests at least 60% of its capital in companies based in PortugalDoes not distribute capital during the first five yearsThese are non-negotiable requirements. Investing in a fund that doesn’t meet all four will disqualify your application.Additional Costs to ExpectIn reality, Portugal's Golden Visa investment fund route involves more than just the capital injection. Here’s a rough breakdown of what a typical investor might spend:ExpenseEstimated Cost (EUR)Fund Investment€500,000Fund Subscription Fee (1.5%-3%)Up to €25,000Fund Annual Management Fees (0.25-2%)Up to €10,000/yearLegal Fees (for application & due diligence)€5,000-€8,000Government Application Fees€5,325 per applicantRenewal Costs (every 2 years)€3022 per applicantSo, while the legal minimum investment is €500,000, the full cost of obtaining your Golden Visa through funds can exceed €525,000-€550,000 when including legal and administrative fees, and higher if you’re applying with family.A Look at Fund Fee StructuresEvery fund is different. Some charge higher entry or exit fees but offer better returns. Others have flat management costs but offer less aggressive growth strategies. One fund might charge a 2% entry fee with zero exit charges, while another might take 5% upfront but waive annual management costs altogether.What Are Portugal’s Golden Visa Investment Funds Actually Investing In?Every Golden Visa investment fund in Portugal is legally required to disclose its investment thesis, structure, and portfolio focus, and while all must channel at least 60% of capital into Portuguese-based businesses, the sectors vary widely.Some funds back renewable energy projects. Others focus on early-stage startups, healthcare, hospitality, agriculture, or logistics. This diversity allows you to align your residency application with your financial goals, whether you’re looking for conservative capital preservation or long-term growth.Fund Types You’ll Commonly SeeMost Golden Visa investment funds in Portugal fall into one of these categories:Private equity funds: These invest in established, growth-stage Portuguese companies. They often prioritize business expansions, buyouts, and strategic partnerships. Risk tends to be moderate, with a focus on steady returns.Venture capital funds: These are higher-risk, higher-reward funds that support early-stage startups in tech, fintech, biotech, or renewable energy. Returns can be impressive, but volatility is higher.Tourism & hospitality funds: With Portugal’s ongoing boom in tourism, some funds focus on acquiring, renovating, or launching hospitality assets, hotels, boutique rentals, resorts, especially in underserved interior regions.Green & infrastructure funds: Some of the more conservative options channel capital into solar farms, sustainable agriculture, or regional infrastructure projects with government-backed contracts and recurring revenue streams.Liquidity and Lock-Up PeriodsMost funds have a minimum lock-in period of 5-8 years, aligning with the Golden Visa residency requirement. You won’t be able to exit early without penalties. However, some funds offer secondary market solutions or structured exits for special cases like health issues or relocation.All of this to say, Portugal Golden Visa investment funds represent real capital investments in real parts of the Portuguese economy. And they’re designed with long-term sustainability, transparency, and investor alignment in mind.Portugal Golden Visa Investment Funds List for 2025High-net-worth individuals and expat investors seeking Portugal’s Golden Visa in 2025 are increasingly turning to Portugal Golden Visa investment funds as the preferred route. After the 2023 reforms, the spotlight is on Golden Visa investment funds in Portugal that span diverse sectors, from tech startups and renewable energy to hospitality and cryptocurrency.Below is Portugal’s Golden Visa investment funds list of the top 20 funds open to new investors in 2025, complete with a comparison of their focus, terms, and fees:Fund NameLifecycle (yrs)Target IRRMgmt FeeSubscription FeeFund Close/StatusMin InvestmentFund ManagerFund AdvisorFund AuditorAsset ClassesUnbound Fund818%1.5%€10,0002026-5€100,000Green One CapitalUnbound CapitalBDOWeb3; BitcoinAndo Europe79%1.8%1.2%2026-1€200,000STAGOptylon KreaBaker TillyHospitalityPort. Golden Opportunities Open-ended10%1.8%1.0%Continuous€1,000OptimizeMazarsEquities; BondsPortugal Golden Income Fund Open-ended10%1.5%0.0%Continuous€100,0003 Comma CapitalPKFBonds; Equities; Alternative AssetsActiveCap Opportunities1013%2.00%2.0%2024-1€250,000ActiveCap CPORAMixedAretha Portugal Vision1010%0.67%0.0%2024-5€50,000Cedrus CapitalAretha CapitalKPMGMixedBlue Water Point Capital820%2.0%3.5%2027-1€150,000Point CapitalBlue Water CapitalBDOMixedC2 Legacy Buyout815%2.0%3.0%2026-2€150,000C2 CapitalErnst & YoungMixedContainer Fund1015%2.0%2.0%2033-1€50,000Celtis VentureCeltis VentureBDOTechnologyEmerald Capital Fund77%0.95%0.5%2026-7€250,000STAGWELink GroupBDORenewable EnergyDisclaimer: The information provided in this table is for informational purposes only and is based on publicly available data as of 2025. While we aim to keep the content accurate, investment fund terms, fees, availability, and performance targets may change without notice. This content does not constitute financial, legal, or immigration advice. Always consult with a licensed financial advisor, immigration lawyer, or authorized fund representative before making any investment decision related to the Portugal Golden Visa investment funds program.Strategic Considerations for Golden Visa ApplicantsPerforming due diligence is essential. All the listed funds are fully compliant with CMVM regulations and Golden Visa rules (minimum 60% of investments in Portugal, etc.), but their strategies and risk profiles differ. Prospective investors should evaluate fund track records, management expertise, fee structures, and alignment with personal goals. For instance, if your priority is preserving capital and obtaining residency with minimal fuss, a diversified income fund or an asset-backed fund (like agriculture or infrastructure) might be the best option. Conversely, if you view the Golden Visa as a chance to invest in venture capital, you can allocate your €500K into a high-growth fund, just be prepared for a longer path to liquidity and the possibility of higher volatility. Some investors opt to spread €500k across two or more funds to diversify (e.g. part in a yield-focused fund and part in a venture fund), which is allowed and can balance risk/reward.Since the Golden Visa reforms, Portugal’s fund managers have really stepped up to offer products that are both Golden Visa investment funds and solid investments in their own right. There’s a rising popularity of the fund route, and it’s easy to see why: these funds fulfill the residency requirement and give investors a stake in Portugal’s economic growth areas, from green energy to tech innovation. When you choose a fund that matches your strategy, you can achieve the twin goals of securing Portuguese residency and pursuing attractive financial returns. How to Choose the Right Portugal Golden Visa Investment Fund for YouNow that you’ve seen the top Portugal Golden Visa investment funds list, the next step is identifying which one best suits your investment goals, risk profile, and timeline. While every fund on the list is compliant and open to non-EU investors, the reality is that some will be a better fit for you than others, depending on how you think about risk, return, and personal alignment.Investment PrioritiesStart by asking what matters most to you:Are you looking for capital preservation over growth?Are you comfortable locking in for 7-10 years, or do you want early liquidity?Would you rather see annual income or aim for a larger return at exit?Do you have a sector preference, like tech, sustainability, hospitality, or crypto?If your goal is low volatility and a smooth ride, a fund like Portugal Golden Opportunities may be a better match. But if you’re chasing higher returns, then the Unbound Fund might make more sense, as long as you’re aware of the risk curve associated with Crypto.Consider the Fund StructureThe fund’s internal mechanics matter. Some important variables:Closed-end vs. open-ended: Closed-end funds have fixed terms and payout at the end (often 7-10 years). Open-ended funds offer more flexibility, including the option to redeem early, but often come with slightly lower projected returns.Management track record: Look into who is running the fund. Does the team have previous exits? How long have they been managing capital in Portugal? Fee Structure: Fees can eat into returns quickly. While 0.25-2% annual management fees are standard, watch for high performance fees, subscription costs, or hidden carry. Match Risk to Age and Exit PlanYour age and your exit timeline should shape your choice. A 35-year-old entrepreneur might feel comfortable riding out the risk in a crypto-focused Unbound fund for a decade. A 62-year-old planning to retire in Portugal by the end of the decade might prefer a conservative, income-generating fund with lower upside and lower risk.Ask the Right QuestionsBefore committing, do your due diligence. These are real investments with real capital at stake. Some smart questions to ask:What is the fund’s current portfolio exposure?Is there an independent custodian holding the assets?How are annual reports and valuations handled?Is there a plan for secondary market exits if needed?Who are the other LPs (limited partners)?If a fund manager is vague about returns, unwilling to share audited financials, or deflects on risk disclosures, that’s a red flag. A good fund will have nothing to hide.What About Citizenship?Many investors who are looking into Portugal Golden Visa investment funds ultimately have one goal in mind: a second passport. But how realistic is that, and what’s the actual process?How to Get from Residency to CitizenshipPortugal doesn’t offer citizenship in exchange for investment directly, but it does provide a residency pathway that can eventually lead to citizenship. Here’s how it typically works:Invest €500,000 in a qualifying fund.Apply for the Golden Visa with the help of legal representation (expect 6-12 months for approval).Maintain the investment and renew the visa in years 2 and 4.At year 5, apply for permanent residency or citizenship.So, you can apply for citizenship after five years of holding a valid Golden Visa. That’s significantly shorter than the 10+ years required in many other EU countries.Do You Need to Live in Portugal?No. One of the key benefits of the Golden Visa in Portugal is that you don’t need to relocate or spend much time in the country. The minimum stay requirement is just 7 days per year.However, some legal experts recommend spending more time in Portugal if your goal is citizenship, not just residency. That’s because Portugal expects “genuine ties” to the country when assessing naturalization applications.Other Citizenship RequirementsAlong with maintaining your investment for five years, you’ll need to:Pass a basic A2-level Portuguese language exam, which tests simple grammar and conversation skills.Provide a clean criminal record from both Portugal and your home country.Show proof of integration - this can include your time spent in Portugal, tax records, or even community involvement.Does Every Fund Investor Qualify?In theory, yes, if you follow the timeline, keep your investment in place for five years, and meet the basic requirements. But keep in mind: citizenship is not automatic. The Golden Visa gives you the right to apply, not a guarantee of approval.Still, the system works. Thousands of investors have successfully transitioned from Golden Visa holders to Portuguese citizens since the program’s launch. For many, Portugal Golden Visa investment funds offer the simplest and cleanest path toward that outcome.What to Watch Out For Before You InvestInvesting in Portugal’s Golden Visa investment funds isn’t just about picking the one with the highest projected return. These are long-term commitments, legally binding, financially significant, and often illiquid for several years. Before you transfer €500,000, it’s worth slowing down and checking all the details.Understand the Lock-Up TermsMost Golden Visa investment funds in Portugal are closed-end, meaning your capital is locked for the entire fund term, often 7 to 10 years. Even if the fund performs well, you usually won’t see your money until it matures.Fees Can Cut Into ReturnsMost funds charge a management fee of 0.25%-2% per year, which is reasonable. But some add:Subscription or setup feesSuccess or “carry” fees on profitsCustodian, audit, or legal pass-through chargesCheck whether fees are based on committed capital (less favorable) or invested capital (more standard). Also, be wary of funds that downplay or hide fees in their marketing materials.If a fund is projecting 8% IRR, but layering on 3%+ in annual costs, your net return might be closer to 4-5%.Vet the Fund ManagerAnyone can spin up a prospectus. What matters is execution. Ask:What is the manager’s track record?Have they exited any funds?Are they backed by a licensed custodian and an independent auditor?Are they regulated by the CMVM?If a fund can’t answer these questions clearly, move on.Check the Investment ThesisSome funds are clear and transparent. Others use vague language like “we invest in diversified opportunities across growth sectors” without ever naming those sectors. You want to know:What is the fund actually investing in?Is there diversification across multiple companies or sectors?What stage are the investments in - seed, Series A, mature?If you don’t understand where your money is going, you shouldn’t invest.Watch Out for OverpromisingSome funds advertise 15-20% returns with near-zero risk. That’s not how finance works. High-return funds come with high volatility, long timelines, or both. Be wary of marketing that tries to downplay this.Red flag phrases include:“Guaranteed return” (no fund can legally guarantee this)“Fully liquid any time” (Golden Visa law still requires a 5-year hold)“No downside” (there’s always risk)Legal and Tax Due DiligenceWork with a qualified Portuguese law firm that understands the Golden Visa and funds. They’ll help you:Review the fund documentsEnsure compliance with immigration lawNavigate tax residency questionsPortugal’s tax regime can be favorable, especially under the D7 or D8 visa, but that depends on your personal situation. Investment gains from Portuguese funds may be taxed differently based on your residency status.How to Start the ProcessOnce you’ve chosen a Portugal Golden Visa investment fund, getting started is more straightforward than most people expect, especially with the right support.Get Legal SupportWork with a Portuguese lawyer experienced in Golden Visa cases and investment fund compliance. They’ll:Help you select a qualifying fundObtain your NIF (Portuguese tax number)Open a local bank accountHandle the full visa application processSubscribe to the FundAfter passing the fund’s KYC checks, you’ll transfer the investment amount (usually €500,000) from your Portuguese account and sign the fund’s subscription agreement. Make sure the fund is CMVM-regulated and meets all Golden Visa criteria.Submit Your ApplicationYour lawyer will prepare your file, including:Proof of investmentCriminal background checksHealth insuranceIdentification documentsOnce submitted, pre-approval times in 2025 are around 6-12 months. Biometrics and Residency CardAfter pre-approval, you’ll attend a biometric appointment in Portugal. Then you’ll receive your initial residence card, valid for two years and renewable thereafter.How Bitizenship Can Help You With Golden Visa Investment Funds in PortugalAt Bitizenship, we’re dedicated to helping investors secure Portugal citizenship through compliant pathways, with a special focus on the fund route. As official partners of the Unbound Fund, we guide clients through every step of obtaining a Golden Visa by investing in Portugal’s regulated crypto ecosystem.We help you with:Initial investment in the Unbound FundNavigating the full Golden Visa application process from abroadOpening a Portuguese bank account and getting your NIFStay compliant through the full five-year journey to citizenshipIf your goal is mobility, residency, and eventually Portugal citizenship, we’re here to help make that happen, with transparent support, verified partnerships, and a commitment to doing things right.Final Thoughts: Are Golden Visa Investment Funds in Portugal a Good Fit For You?Portugal Golden Visa investment funds aren’t just a loophole or a backdoor; they’re now the main avenue to Portuguese residency for global investors. After the 2023 reform, they’ve become more visible, more transparent, and more professionally managed.What makes the Golden Visa investment funds in Portugal especially appealing is access and autonomy. You can live abroad, invest from afar, and still gain a foothold in the EU. You’re allocating capital into a regulated, tax-transparent vehicle, and in return, you’re building a path to a Portuguese passport.There are still risks. Funds can underperform. Timelines can shift. Political winds may change. But unlike in many other countries, Portugal has a track record of honoring commitments and maintaining residency pathways with integrity.And if part of your long-term thinking includes your later years, it’s worth considering whether Portugal is a good place to retire. With its mild climate, excellent healthcare, and favorable tax options, it continues to attract investors who are planning a different future.Portugal’s open, and is still one of the most accessible countries in Europe to build a future. It doesn’t matter if you select a high-yield tech fund or a stable agricultural vehicle; the opportunity is real. Now it’s just a matter of finding the right fit.FAQsHow much do you need to invest in Portugal to get a Golden Visa? You can qualify with a €250,000 donation to an approved arts or cultural-heritage project, but most applicants choose the fund route, which requires €500,000 in a regulated venture-capital or private-equity fund because that has ROI. Is Portugal ending the Golden Visa program? No. the 2023 “Mais Habitação” law restructured the scheme by removing real estate options, but the Golden Visa itself remains open under the new rules. What are investment funds in Portugal? They are CMVM-regulated venture-capital or private-equity funds that channel money into Portuguese businesses; to count for a Golden Visa they must steer clear of real-estate holdings, and you must subscribe at least €500,000 and keep the units at least for five years. How much to invest in Portugal to get citizenship? Portugal doesn’t grant citizenship by a one-off payment; instead, you keep your Golden Visa investment (from €250,000 for donations or €500,000 for funds) for five years, spend an average seven days a year in the country, pass an A2 Portuguese test, and then you can apply for citizenship with no extra capital outlay.

18 MIN READ

06 Aug 2025

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