How should I compare Portugal golden visa funds before choosing one?
Ordem dos Advogados no. 67185P, checked active on · Answered
Start with legal eligibility, then compare investment quality. Review subscription, management, depositary, audit and exit fees; the performance fee, hurdle rate and catch-up; and whether returns are quoted before or after costs. Check whether the fund is open-ended or closed-ended, its legal maturity, extension rights, redemption gates and how these align with the ARI holding period and possible AIMA delays. Examine strategy, concentration, valuation policy, leverage, pipeline, conflicts, audited history and the manager’s realised - not only projected - exits. Confirm the manager and fund in CMVM records and identify the depositary, auditor and unit registrar. Ask what AIMA certificates the manager will issue and whether the fund accepts U.S. persons. CMVM registration is not a Golden Visa approval or protection against loss. Obtain independent legal, financial and tax advice.
David Simões Fitas, Ordem dos Advogados 67185P
How should I compare Portugal golden visa funds before choosing one? The full answer
Start with legal eligibility, then compare investment quality. Review subscription, management, depositary, audit and exit fees; the performance fee, hurdle rate and catch-up; and whether returns are quoted before or after costs. Check whether the fund is open-ended or closed-ended, its legal maturity, extension rights, redemption gates and how these align with the ARI holding period and possible AIMA delays. Examine strategy, concentration, valuation policy, leverage, pipeline, conflicts, audited history and the manager’s realised - not only projected - exits. Confirm the manager and fund in CMVM records and identify the depositary, auditor and unit registrar. Ask what AIMA certificates the manager will issue and whether the fund accepts U.S. persons. CMVM registration is not a Golden Visa approval or protection against loss. Obtain independent legal, financial and tax advice.
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About the lawyer
- Bar
- Ordem dos Advogados (Portugal)
- Cédula no.
- 67185P
- Status
- Active on the official register, checked · See the register ↗
- Admitted
- 2022
- Languages
- Portuguese, English
- Answers here
- 47 published answers
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