Business & Economy
Golden Visa
February 24, 2026

Pagani Capital in the U.S.A

In March 2026, Pagani Capital returns to the United States for a week of meetings and strategic conversations with investors, advisors, and partners—through a business trip held jointly with Corcoran and CRS. The goal is straightforward and ambitious: to shorten the distance between U.S. capital and investment opportunities in Portugal (real estate and structured investment vehicles), with the rigor, transparency, and sophistication international investors expect.

Why the U.S. (and North America) is a natural axis for Portugal—and for Pagani

Official data helps frame the moment. At a macro level, Portugal has been strengthening its position as a stable and competitive destination for international investment: in 2024, foreign direct investment (FDI) rebounded strongly, with +19%, reaching €13.2 billion (as reported within the AICEP/PortugalGlobal public ecosystem). (https://www.portugalglobal.pt/noticias/2025/fevereiro/investimento-estrangeiro-em-portugal-sobe-19/)

Within this context, North American capital is structural—not a passing trend. According to the Bank of Portugal’s official statistics (BPstat), the FDI stock originating from the geographic aggregate “North America” reached €11,639.45 million in Q4 2025. (https://bpstat.bportugal.pt/conteudos/quadros/80)
In a complementary lens (“ultimate investor”), the Bank of Portugal reports that as of the end of Q1 2025, the FDI stock from U.S. ultimate investors in Portugal totaled €11.4 billion. (https://www.bportugal.pt/comunicado/investimento-direto-nota-de-informacao-estatistica-de-marco-de-2025)

In short: there is a real investment base, consistent demand, and an increasingly mature conversation between Portugal and the U.S. market.

Golden Visa: the current framework (and why it matters in investor discussions)

When speaking with international investors, one topic comes up often: the mobility and residency framework associated with investment—particularly in the context of ARI (Authorization of Residence for Investment), commonly known as the Golden Visa.

According to AIMA, one of the eligible pathways is a capital transfer of at least €500,000 for the acquisition of units/shares in non-real-estate collective investment undertakings, incorporated under Portuguese law, with a minimum maturity of 5 years, and the requirement that at least 60% of the investment value is allocated to companies headquartered in Portugal. (https://aima.gov.pt/pt/viver/autorizacao-de-residencia-para-investimento-art-90-o-a)

This detail matters because it shifts the conversation to what truly counts: asset/vehicle quality, governance, alignment of interests, risk, liquidity, and time horizon—not just “the product.”

What we’ll do during this business trip (and what we want to build)

This is not a generic roadshow. It is an agenda designed to create convergence across three dimensions:

  1. Relationship and trust: in-person meetings with investors and intermediaries who value direct access to the sponsor/manager and clarity on strategy, processes, and risk controls.
  2. Portugal as an investment thesis: discussing, with data, why Portugal continues to attract capital—and how to structure exposure with economic rationale, downside protection, and execution visibility.
  3. Premium positioning and distribution partnerships: with Corcoran and CRS, we reinforce our commitment to international standards of service, commercial narrative, and access to the right ecosystem (HNWI/UHNWI and professional networks).

What you can expect from Pagani Capital’s approach

On this business trip, our proposition is “less marketing, more substance”:

  • A clear thesis (where we invest, why, and under which criteria)
  • A disciplined process (origination, analysis, structuring, execution, reporting)
  • Governance and compliance (institutional discipline, transparency, and alignment)
  • A long-term view (creating real value in Portugal while protecting reputation in international markets)

Want to meet us in March?

If you are an investor, advisor, family office, or represent an allocation network with interest in Portugal, we would be glad to schedule a conversation during the trip - click here.

Reach out through Pagani Capital’s usual channels and please include your city/state and your primary topic of interest (real estate, investment vehicles, or the ARI framework).

Readers interested in this topic can explore USA Business Trip.