Should we have invested in a fund before even applying?

I’m looking through the posts and I don’t understand a detail here. In order to apply online with SEF, is it only required that we transfer the money to a bank in Portugal or should we have invested the money we transferred in a fund (I’m thinking of fund instead of real estate).

Thanks in advance for your answers.

You must purchase the participation units in the fund and obtain all of the required certifications before you can submit a complete application.

You can sign up on if you want to see what’s required. However, signing up on your own will block your lawyer from being able to prepare your application for you.

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Thanks! What would happen if we invest in the fund, but unable to submit the application by Dec 31. Is there a. way to liquidate our investment and get it back to USA

depends on the investment.