Hi everyone, I’m new here. I’m glad to have found so much information about Mercan Group in this community.
Due to the recent policy updates by the Portuguese government, purchasing real estate no longer qualifies for a Golden Visa. They have launched a fund project that requires an investment of €500,000. This fund will be used to manage hotels including Vau, Alvor etc. It is a venture capital fund. The fund is managed by Finprop Capital and has already been approved by CMVM.
I am currently in contact with them, and I hope to gather opinions—both positive and negative—about the company beyond its official website and promotional materials.
Over the past few days, I have browsed many posts about obtaining a Golden Visa through property investment and found that the fund project has some striking similarities:
1. A buyback agreement is included, stating that they will repurchase the fund six years after obtaining the Golden Visa.
2. The agreement is signed with a subsidiary established for this fund, but it does not clearly state whether the parent company will assume joint liability if the subsidiary lacks the financial capacity to repurchase. Additionally, what happens to my investment if the Group goes bankrupt?
3. The legal team is still IAS, and the POA and Pro grant lawyers excessive authority, which concerns me.
4. If policy changes prevent me from obtaining citizenship, will the Group refund my investment in full?
I have requested for the financial reports or any documents proving that the company has the financial capability to repurchase the fund after six years. I also asked them to attach an organizational chart illustrating the relationship between the subsidiary and the parent company, with a commitment that the parent company will bear financial responsibility if the subsidiary fails to repurchase. However, I have not yet received a response.
My knowledge of the Group comes solely from the intermediaries’ introductions, the company’s official website, and its social media presence. The person I am in contact with is Mr. Marcelo, who is responsible for the Portugal project. In our conversations, he stated that the group is currently in good financial standing and that bankruptcy is not a concern. If they are unable to repurchase the fund, they would use other assets as collateral to secure bank financing for repayment.
I have yet to find any posts in the community specifically discussing the fund project. Since this is the first time the Group is issuing a fund, there aren’t many past cases to refer to.
I welcome anyone who has worked with Mercan to share their experiences. I want to know whether it is truly a trustworthy company to work with. Thanks a lot!!!
Best regards
Vicky