# IMGA Ações Portugal Class I? **URL:** \ **Category:** Portugal Golden Visa\ **Tags:** portugal, imga\ **Created:** [March 23, 2025, 3:03pm UTC](https://community.nomadgate.com/t/imga-acoes-portugal-class-i/70162 "2025-03-23T15:03:49Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![pizzachef](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/p/a183cd/32.png) [@pizzachef](https://community.nomadgate.com/u/pizzachef)\ **Post date:** [March 23, 2025, 3:03pm UTC](https://community.nomadgate.com/t/imga-acoes-portugal-class-i/70162/1 "2025-03-23T15:03:50Z")
Has anyone who has applied or is applying for a Portugal golden visa invested in [IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum) Ações Portugal “Class I” (as opposed to “R” or “A”)? From the Feb 2025 prospectus (apologies Nomadgate isn’t letting me link it, but if you google for “[IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum) Ações Portugal prospectus” it will be the first result"): - This class appears to have much lower expenses (1% vs 2.175% for the other classes) - It has a much higher minimum investment (€250,000 vs €500/€1000 for the other classes). - There are apparently only 5 holders of class I (3,232 for class A and 15 for class R). - Class I are only distributed directly from [IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum) whereas class A and R are distributed by banks ---
**Author:** ![pizzachef](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/p/a183cd/32.png) [@pizzachef](https://community.nomadgate.com/u/pizzachef)\ **Post date:** [March 23, 2025, 3:42pm UTC](https://community.nomadgate.com/t/imga-acoes-portugal-class-i/70162/2 "2025-03-23T15:42:17Z")
According to a representative I spoke with at [IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum), class I units are only sold to institutions not individuals. Oh well.