COSTA
VICENTINA
Hospitality
Services Fund
Costa Vincentina is a Hospitality Fund eligible to the Portuguese Residency and citizenship by investment program – Golden Visa.
The latest data from the WTTC, in collaboration with Oxford Economics, points to a surge of 24.3% compared to 2019, and representing 20% of the national economy, cementing the sector’s role as a key economic driver.
The outlook of the Tourism sector in Portugal for the next decade is exceptionally bright, and the ALENTEJO COAST is considered one of the regions with the highest growth potential
The latest data from the WTTC, in collaboration with Oxford Economics, points to a surge of 24.3% compared to 2019, and representing 20% of the national economy, cementing the sector’s role as a key economic driver.
The government continues to prioritise Travel & Tourism. The spending by both international and domestic tourists is expected to reach €30.7BN and €17.9BN, respectively, and the sector is set to support 1.14MN jobs and to achieve 20% of Portugal’s total economic output.
According with Julia Simpson, WTTC President & CEO: “The Government’s efforts to boost tourism have played a key role in attracting more visitors to the country, leading to unprecedented growth and opportunities.
The ongoing influx of tourists from around the world has resulted in substantial economic contributions and Portugal is a top travel destination, and the sector’s future looks exceptionally promising.
The next decade is poised to be a period of remarkable growth and transformation for Portugal’s Travel & Tourism sector.”
Given the rapid ongoing tourism development in the Alentejo Coast, and the lack of ancillary services available, Magnify Capital Partners has created the COSTA VICENTINA Fund
The purpose of the Fund is to invest in minority or majority holdings in small and medium-sized companies headquartered in Portugal, with potential for growth and valorization, which carry out their activity in the fields of tourism, hospitality, leisure, facilities management, education, industrial services, as well as any related and ancillary services and activities.
- Form
Private Equity Close End Fund, incorporated under Portuguese law and registered with the Portuguese Securities Market Commission (CMVM) under the number 2106, approved in Jun 28th, 2024. - Term
The term of the Fund is 12 years. - Fund size
€ 20,201,000.00 (twenty million, two hundred and one thousand euros) - Subscription fee
4% of subscription, one-off - US FATCA Compliant
Yes (PFIC ready) - Eligibility to the
GOLDEN Visa Program
Fund ELIGIBLE to the Golden Visa Portugal program (ARI – Residency and Citizenship by Investment Program)
COSTA VICENTINA is eligible
to the Golden Visa Portugal
Supporting Documentation
Request a contact
If you have question(s) on our Fund, please send an email to Eduardo Ferreira or send us a message via the form below:
- Thank you,
- We will get back to you soon!
- Eduardo Ferreira
COSTA VICENTINA Fund Executive