The Portugal Golden Visa can look complex from the outside. In reality, the fund route is a series of clear, manageable steps – if you have the right checklist and team. This guide walks you through every stage of a 2026 application using a CMVM-regulated investment fund.
By Explorer Investments • Updated 10 December 2025
“The best Golden Visa applications feel boring: no surprises, no last -minute document hunts, no rushed transfers. A good checklist is what makes that boring, predictable experience possible.”
Before you touch paperwork, get clear on three things:
Only then should you select a CMVM-regulated fund. Focus on:
For a deeper dive, see our article on private equity Golden Visa funds.
A licensed Portuguese lawyer is essential. Through a Power of Attorney they will:
Nearly every Golden Visa application involves:
These steps are often handled by your lawyer and the bank remotely before you travel to Portugal.
Expect to provide a thorough dossier of documents, such as:
Both the fund manager and the Portuguese authorities will review this material, each for their own compliance obligations.
Once all is in place, you will:
Your lawyer will compile and submit the application, including:
At this stage your file enters the queue for review by the Portuguese authorities.
After initial acceptance, you will be invited to attend biometrics (fingerprints, photos). Following this, if everything is in order, your first Golden Visa residence permit is issued.
From here, the focus shifts to renewals, minimal physical presence and, eventually, planning for permanent residency or citizenship.
Timelines vary with administrative backlogs, but many investors assume a range of months rather than weeks between first contact, fund subscription and residence permit issuance.
Yes. Much of the work – NIF, bank account, fund selection and document collection – can be done remotely through your lawyer and advisors.
The core structure is the same, but specifics such as criminal record certificates and legalisation requirements can differ by country. Your lawyer will adjust the checklist to your nationality and residence history.
A Portugal Golden Visa application is a project – and projects need structure. With the right CMVM-regulated fund, a solid legal team and a realistic checklist, the process becomes predictable rather than stressful.
Explorer works with investors to make sure that the investment piece is as strong as the immigration piece – so that your Golden Visa allocation feels like a smart use of capital, not just a cost of entry.
Get personalized guidance on the fund process. Our Investor Relations team can clarify the steps, discuss Explorer's fund options, and connect you with trusted legal experts. Schedule your confidential, no-obligation consultation today.
André Bandeira
ab@explorerinvestments.com
Maria Campos Silva
mcs@explorerinvestments.com
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Get your complete, free guide to the Portuguese Golden Visa. Learn how to invest with confidence through Explorer Investments, the country's largest private equity fund.
André Bandeira
ab@explorerinvestments.comMaria Campos Silva
mcs@explorerinvestments.comCopyright © 2025 Explorer Investments
It is recommended to consult Chapter V of Decree-Law nº 162/2014, of October 31st, published in the Official Gazette, as well as its revision by Law nº 2/2020, of March 31st. The information included here is of a general nature, and therefore each potential investor should seek independent advice (e.g., legal, financial, tax, etc.)