US Investor Testimonials: Why Americans Choose Explorer’s CMVM-Regulated Funds for Portugal’s Golden Visa (2025)

André Bandeira
Wed, 12 Nov 2025 09:00:00 +0000
Golden Visa Portugal, Residency by Investment, US Investors, CMVM Funds

Verified testimonials from American investors who secured Portugal’s Golden Visa via CMVM-regulated funds managed by Explorer Investments. Learn how US investors are using the fund route to gain EU residency — compliance (FATCA/PFIC), process, benefits, and FAQs.

By André Bandeira — Explorer Investments. In this 2025 feature, we share first-hand experiences from American investors who obtained Portugal’s Golden Visa through CMVM-regulated funds managed by Explorer — Portugal’s leading private equity platform with over €1.8B AUM.

Real US Investor Experiences

“The process was surprisingly seamless. Explorer handled FATCA reporting and my attorney coordinated the PFIC statements — far easier than expected.”
— John D., California

“As a former tech executive, I wanted diversification and compliance. The fund route gave me both — and a clear path to EU citizenship.”
— Priya S., New York

“What sold me was governance. Real institutional discipline and reporting. This isn’t a real estate gamble; it’s a proper investment.”
— Michael R., Texas

Why Americans Choose the Fund Route

Compliant with FATCA and PFIC for US Persons.

CMVM-regulated structure under Portuguese securities law.

Diversified exposure with professional asset management.

Minimal stay requirement (7 days per year) and full family inclusion.

Step-by-Step Process

1. Obtain a Portuguese NIF and open a local bank account.

2. Subscribe to a qualified CMVM-regulated fund (minimum €500,000).

3. Gather documents — police clearance, proof of income, translations, apostilles.

4. Submit online via AIMA and attend biometrics in Portugal.

5. Maintain investment and presence for 5 years, then apply for permanent residency or citizenship.

Key Program Benefits (2025)

EU residency with only 7 days/year in Portugal.

Visa-free Schengen travel for the entire family.

Full inclusion of spouse and dependents.

Eligibility for citizenship after 5 years of legal residence.

Opportunities & Risks

Opportunities: Diversified growth, institutional oversight, transparent governance, and alignment with ARI law.

Risks: Illiquidity during lock-ups, administrative delays, and fund performance variability.

FAQs (Most Common US Investor Questions)

Minimum investment? €500,000 in a CMVM-regulated fund eligible for Golden Visa.

Can Americans apply? Yes — Explorer funds accept US investors with FATCA/PFIC compliance.

Do I need to live in Portugal full-time? No — typically only 7 days per year.

Can my family be included? Yes — spouse, dependent children, and sometimes dependent parents.

When can I apply for citizenship? After 5 years of legal residency and meeting language requirements.

Disclaimer: Testimonials are for informational purposes and do not constitute investment or legal advice. Verify eligibility and fund details with licensed professionals before applying.