OPTION 1
Investment through Fund Subscription
Portugal offers a range of qualifying investments to suit different profiles — from fund investors to cultural supporters. Key options include:
OPTION 2
Investment in a Portuguese Business
Investment in Research and Development
OPTION 3
Why the Investment Fund Option?
As part of the GRP program I needed to find a property to buy or rent in Malta. I established contact with Arcus Estates and visited Malta in Nov 2020. Mr Giovanni Gauci looked after me and went out of his way to not only do business, but to also familiarize me with Malta, its people and its rich history. From the start I felt like I was in the company of a friend, who took my requirements to heart, and introduced me to properties that appealed to my taste. I ended up buying an apartment in Mercury Towers and Giovanni and his Arcus team seamlessly took me through all the formalities to formalize the deal. Apart from fantastic and friendly service, I became best friends with Giovanni and we are still in regular contact. I can without a doubt highly recommend Arcus’s service to anyone interested in property in Malta and any of their other regions.
Mr Jean Rossouw 
CEO Test Flying Academy of South Africa 
What Our Customers Say
Copyright © 2025 Arcus Estates, All rights reserved.
With over 15 years of hands-on experience, Arcus Estates is a trusted leader in the European investment landscape and one of the top consultants for the Golden Visa Programmes.
Our deep knowledge of local markets, legal frameworks, and residency programs allows us to simplify complex processes for our clients. We go beyond property sales, offering strategic access to government-backed investment funds and exclusive developments aligned with relocation, lifestyle, and financial goals.
ANDREW CAMILLERI
GIOVANNI GAUCI
Director
Director
Mercan Group is investing €140 million in three companies—Bridgeview Hotel, Alvor Beach Hotel, and Hard Rock Hotel—all of which are currently open for investment.
Is the Portugal Golden Visa the right fit for you?
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PORTUGAL
Golden Visa Program
Discover
Golden Visa Eligible
MPEF I qualifies under Portugal’s Golden Visa framework as a venture capital fund, not a real estate investment.
Backed by Global Brands
Projects under the fund operate under prestigious hotel chains such as Hilton, Marriott, IHG, Wyndham, and Hard Rock.
€1.2 Billion
Total Investment
The fund is part of a broader portfolio contributing significantly to Portugal’s tourism infrastructure.
Guaranteed Returns with Buyback
Offers a clear return plan, backed by dedicated project companies, with a guaranteed buyback option.
The Mercan Hospitality Investment Fund has quickly made a name for itself by investing in three major hotel projects in Portugal’s thriving tourism sector. Supported by Mercan Group’s strong track record and €1.2 billion in developments, the fund targets popular areas that welcome over 30 million visitors each year.
Since October 2023, property acquisition is no longer eligible for Portugal’s Golden Visa. The focus has shifted to regulated options like the hospitality investment fund, which offers flexibility, transparency, and a clear path to residency—making it the most strategic choice for modern investors.
Why the Investment Fund Option?
PORTUGAL GOLDEN VISA
→ Investment Fund €500,000
Property Investment Option
NOT AVAILABLE
While the Portugal Golden Visa remains one of Europe's most attractive residency-by-investment programmes; offering an exceptional balance of opportunity and lifestyle, it may not be the perfect fit for everyone.
That’s why we also advise on alternative Golden Visa options in Greece and Malta, helping you compare programmes across jurisdictions based on your goals, investment preferences, and budget.
Portugal Golden Visa Investment Options
The Portugal Golden Visa Program offers a path to permanent residency or citizenship in just 5 years.
With the recent removal of Real Estate Acquisition as an investment route, applicants now have 3 primary investment options to choose from:
Investment through Fund Subscription 
Investment in a Portuguese Business
Investment in Research and Development
The investment fund option is considered the most attractive route, with the top investment choice being offered through a hospitality investment fund, which provides two options.
OPTION 1
Offers a steady 2% return per year over 12 years.
Regular Income
OPTION 2
No returns for the first 5 years, then rising from 12% in year 6 to 26% by year 11, reaching 30% in year 12, with a 2% bonus added from year 8 onward.
Capital Gain
OPTION 1
Regular Income
Offers a steady 2% return per year over 12 years.
OPTION 2
Capital Gain
Provides no returns for the first 5 years, but increases sharply from year 6 (12%) to year 11 (26%), reaching 30% in year 12 with a 2% bonus added from year 8 onward.
The Mercan Hospitality Investment Fund has quickly made a name for itself by investing in three major hotel projects in Portugal’s thriving tourism sector. Supported by Mercan Group’s strong track record and €1.2 billion in developments, the fund targets popular areas that welcome over 30 million visitors each year.
At Arcus, we offer a fully integrated, one-stop service covering every element of your application. Our multidisciplinary approach combines expert advisory with comprehensive legal services through our partnered law firm; from investment strategy and property acquisition to contract review and regulatory compliance, ensuring a seamless, fully supported journey from start to approval.
Your fully integrated, all-in-one solution
contact@arcusestates.com
+356 7980 0789
Discover
The Portugal Golden Visa Program offers a path to permanent residency or citizenship in just 5 years.
With the recent removal of Real Estate Acquisition as an investment route, applicants now have 3 primary investment options to choose from:
With over 15 years of hands-on experience, Arcus Estates is a trusted leader in the European investment landscape and one of the top consultants for the Golden Visa Programmes.
Our deep knowledge of local markets, legal frameworks, and residency programs allows us to simplify complex processes for our clients. We go beyond property sales, offering strategic access to government-backed investment funds and exclusive developments aligned with relocation, lifestyle, and financial goals.
While Portugal remains a top choice for many investors, recent changes to its Golden Visa programme have phased out traditional real estate investment options. For those still seeking a clear property purchase route to EU residency, Malta and Greece present compelling alternatives.
Minimum Investment Amount
→ Property Purchase: €375,000
Property Investment Option
NOT AVAILABLE
Investment Fund: €500,000
Minimum Investment Amount
→ Property Purchase: €250,000
As both a Golden Visa advisor and real estate specialist, we not only guide you through the visa process but also help you identify and secure the right property—whether for lifestyle, rental income, or long-term value. Through our collaboration with a trusted legal partner, we ensure that every step, from property selection to residency approval, is handled with precision and care.
While the Portugal Golden Visa remains one of Europe's most attractive residency-by-investment programmes; offering an exceptional balance of opportunity and lifestyle, it may not be the perfect fit for everyone.
That’s why we also advise on alternative Golden Visa options in Greece and Malta, helping you compare programmes across jurisdictions based on your goals, investment preferences, and budget.
At Arcus, we offer a fully integrated, one-stop service covering every element of your application. Our multidisciplinary approach combines expert advisory with comprehensive legal services through our partnered law firm; from investment strategy and property acquisition to contract review and regulatory compliance, ensuring a seamless, fully supported journey from start to approval.
The Portugal Golden Visa Program offers a path to permanent residency or citizenship in just 5 years.
With the recent removal of Real Estate Acquisition as an investment route, applicants now have 3 primary investment options to choose from:
The investment fund option is considered the most attractive route, with the top investment choice being offered through a hospitality investment fund, which provides two options.
OPTION 2
OPTION 1
Regular Income
Offers a steady 2% return per year over 12 years.
Capital Gain
No returns for the first 5 years, then rising from 12% in year 6 to 26% by year 11, reaching 30% in year 12, with a 2% bonus added from year 8 onward.
Property Purchase: €375,000
OPTION 1
Offers a steady 2% return per year over 12 years.
Regular Income