The application process for the Golden Visa comes after making a qualifying investment. As such, the Portuguese government will not verify accredited investor status.
For investment opportunities that are using the private placement 4(a)(2) or Reg D 506(c) SEC exemptions from registration, accredited status is required. For investment opportunities that are using the Reg D 506(b) exemption, it is possible to include up to thirty-five non-accredited investors.
Donations for the Golden Visa do not require accredited status.
No. Accredited status is not required or verified for the donation path to Portugal's Golden Visa.
Applicants may donate 250,000€ to an approved Cultural project or 500,000€ to an approved Science/Technology project instead of investing 500,000 in a qualifying fund or PE opportunity. Amounts may be reduced by 20% to 200,000€ or 400,000€ if the recipient is in a low-density area.
Please enquire for more information on the donation path to Portugal's Golden Visa.
The new rules for Portugal's Golden Visa, adopted in late 2023, caused the market to turn over almost completely. Because real estate was removed from eligibility and nearly all of the established funds held underlying assets in real estate, new funds have been created to match the new law.
There are two big pitfalls to avoid here:
1. Some of those funds are quite "creative" with their interpretations of the new law and might very well be outside of the legal bounds for eligibility
2. It's too soon to know which of these "creative" funds will be rejected from the Golden Visa Program. It will only be after investors apply and their applications are reviewed - a process that often takes two years - that anyone can know with certainty whether the fund(s) in question meets the requirements of AIMA, Portugal's Immigration Authority, for Golden Visa eligibility.
Investing in a "creative" fund means risk. Risk of your capital, risk of at least 2 years of your time, and risk of your qualification for the Golden Visa program. Working with Golden Visa Capital and our short-list of vetted opportunities mitigates these risks. We take great care to avoid over-hyped and under-developed offerings.
What I cannot do is advise on the suitability of the investment for your specific situation as I am not a registered investment advisor. I can, however, have a conversation with your own registered investment advisor if you wish.
Please book a consultation here via Golden Visa Direct, the educational arm of my businesses.