Immigrant InvestImmigrant Invest

Updated on June 22, 2026

Portugal Golden Visa

Residency by investment in Portugal for living and travelling in the EU without a visa

€250,000

Minimum investment

12+ months

Obtaining period

5 years

To citizenship

The Portugal Golden Visa is a residency‑by‑investment program introduced in 2012 to attract foreign investments and boost the economy.

The program is available to non-EU, non-EEA, and non-Swiss nationals who make qualifying investments in Portugal.

The Portugal Golden Visa is particularly popular due to its flexible options and numerous benefits it offers.

Applicants can choose from five investment routes, including opening a company, contributing to an existing business, financing scientific research, supporting cultural heritage, or purchasing investment fund units.

The program grants residence permits valid for two years and renewable for two-year periods, with minimal stay requirements. After 5 years of legal residency, investors are eligible to apply for Portuguese citizenship.

7 benefits of a Portugal Golden Visa

  • 1

    Safe haven abroad

    The Golden Visa lets holders enter Portugal at any time, even when borders close, and live there without time limits.

    Living in Portugal is a right, not an obligation. To keep residency, investors must spend at least 7 days a year in the country.

  • 2

    Visa-free travel within the EU

    A Portuguese resident visits the Schengen Area without a visa and can stay there for up to 90 days every 180 days.

  • 3

    Citizenship by birth for newborn children

    A child born in Portugal to Golden Visa holders is eligible for citizenship by birth. For the child to qualify, the parents must have been legal residents of Portugal for a minimum of one year before the birth.

  • 4

    Work and business opportunities

    Golden Visa holders are entitled to conduct business or work in Portugal. They also enjoy access to the European single market, which has 440 million consumers.

  • 5

    Low cost of living

    Portugal is among the five most affordable countries in the EU. For example, the average monthly expenses in Lisbon are about €4,200, including rent. To sustain the same level of life in Berlin, one will need €4,900.

  • 6

    Access to high-quality education and healthcare

    Residents benefit from Portugal’s renowned education system and a comprehensive public healthcare network known for its affordability and quality. Golden Visa holders and their families have the right to access these services.

  • 7

    Path to European citizenship

    After 5 years of residency, investors can apply for Portuguese citizenship by naturalisation, assuming all other citizenship requirements are met.

    This opens the door to visa-free travel to 172 countries, including the EU, the USA, the UK, and Canada.

Could Portugal's Golden Visa be your gateway to a better quality of life?

Could Portugal's Golden Visa be your gateway to a better quality of life?

Get our detailed guide to learn:

  • How to obtain residency smoothly

  • Rights and opportunities that come with your new status

  • Obligations to fulfil to maintain residency

  • Answers to frequently asked questions

Download practical guide
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Who can get a Portugal Golden Visa

  • Main applicant

    • Over 18
    • Non-EU and non-EEA citizen
    • No criminal record or prosecution
    • Money for investments is earned outside of Portugal
    • No debts in Portugal
    • With a legal source of income
    • Having medical insurance
  • Spouse

    • Opposite or same sex
    • No criminal record or prosecution
    • Married or in a civil partnership
  • Children under 18

    - If 16 or older: no criminal record or prosecution

  • Children aged 18 to 26

    • Of an investor or a spouse
    • Financially dependent on the investor
    • Not married
    • Living with the investor or studying at a university
  • Parents

    • Under 65 years old — financially dependent on the investor, which must be confirmed documentally
    • Over 65 years old — proof of financial dependency is not required

Investment options

There are five investment options under the Portugal Golden Visa program. The most affordable one is to support local arts and cultural heritage for a sum of €250,000. The most popular option is to purchase investment fund units, with a minimum investment of €500,000.

Previously, investors could get a Golden Visa in Portugal by real estate investment. However, this option was abolished in late 2023 and is no longer available.

1 option

Purchase of investment fund units — €500,000+

Investors can contribute to funds that manage capital across assets like commercial real estate, local companies, industrial facilities, or the European stock market.

The minimum investment is €500,000. The holding period is at least 5 years, but money is usually returned in 6 to 10 years. Portuguese tax residents pay a tax on investment income at a rate of 14%. Non-residents are not levied.

Funds distribute the earned profit among investors and charge a commission. Normally, an initial commission when investing is up to 7.5%. A fund also takes an annual commission of 0.5 to 3%.

2 option

Supporting art and restoring cultural heritage — €250,000+

Investors transfer capital to support artworks and the renovation or reconstruction of national heritage. The capital is distributed through local and central government bodies, the public corporate sector, state or private funds, and public cultural associations.

The investment is non-refundable.

3 option

Investment in research activities — €500,000+

Contributions fund research projects at public or private research institutions which participate in national science and technology programs.

The contribution is non-refundable.

4 option

Business investments — €500,000+

Investors create a new company in Portugal that sustains at least 5 permanent jobs. Alternatively, one can invest in an existing company, increasing its share capital while also creating or preserving at least 5 permanent jobs.

The investment must be maintained for a minimum of three years.

5 option

Opening a company

This option requires establishing a new company in Portugal that creates at least 10 jobs. The minimum investment amount is not specified.

Cost of obtaining a Portugal Golden Visa

Investment

€250,000+ or €500,000+, depending on the option

Medical insurance

€400+ for a year per person

Administrative fees

€300+ per person

Application fee

€605 per family member

Residence permit card fee

€6,045 per family member

Find out what the Portugal Golden Visa will cost you

Find out what the Portugal Golden Visa will cost you

The total cost depends on family composition. We can provide a free, individualised calculation for your case, covering additional expenses like taxes, insurance, and more.

Get the cost calculation
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Side-by-side comparison: fund investment vs. donation

When comparing Portugal Golden Visa routes, applicants most often weigh a €500,000 investment fund subscription against a capital transfer that supports culture or scientific research.

The two routes sit under the same residency framework, with a low stay requirement — 7 days per year — and a process that often takes 12 months in real cases. The key practical difference is financial: funds can generate returns but must be held at least 5 years, while donations are non-refundable.

Fund investment and donation in Portugal

Criterion

Fund investment

Culture investment

Amount

€500,000

€250,000

Return

Possible ROI, depending on the fund

No financial return

Commitment

Hold typically 5+ years

One-time payment, no holding requirement

Best for

Applicants seeking residency with investment upside

Budget-focused or philanthropy-driven applicants

Required documents to obtain a Portugal Golden Visa

Applicants provide the following documents:

  1. A passport copy.
  2. Birth certificates for children, if applicable.
  3. A marriage certificate, if applicable.
  4. Proof of entry and legal stay in Portugal.
  5. A tax identification number in the country of residency.
  6. Health insurance.
  7. Documents outlining the good standing with the Portuguese Tax and Customs Authority and Social Security system.
  8. A certificate of no criminal record issued by the current country of residency.
  9. A completed form authorising the Agency of Integration, Migrations, and Asylum, AIMA, to access criminal records in Portugal.
  10. A receipt for an application fee.
  11. A Sworn Statement by which the applicant declares to comply with all the minimum quantitative and time requirements for the investment activity in Portugal.
  12. Evidence of an international transfer of money for investing.
  13. Documents confirming the investment. Depending on the option, it can be a certificate of ownership or a company registration or a declaration proving financial contribution.

Process of obtaining a Portugal Golden Visa

Usually, it takes 12+ months to obtain a Portugal Golden Visa. To complete the procedure, an investor must visit the country.

1

1 day

Preliminary Due Diligence

Before entering into a Service Agreement with a client, a certified Compliance Anti-Money Laundering Officer from Immigrant Invest verifies the applicant’s information in international legal and business information databases.

The preliminary check allows for the timely identification of potential risks and reduces the risk of rejection to just 1%. The check is completely confidential.

2

1 day

Signing the agreement

We sign agreements with applicants only after they have passed a preliminary check, ensuring they have a strong chance of obtaining a Golden Visa. This allows us to assist an investor in the most effective way.

3

1 day

Choosing the investment option

Immigrant Invest experts provide investors with a comprehensive analysis of the advantages and disadvantages of each option. Once the option is chosen, we recommend reliable investment funds and other projects to select for their investment.

4

1—2 months

Opening a bank account in Portugal

An investment must be made from a Portuguese bank account. The investor visits Portugal to get an individual taxpayer number and open an account.

5

2—3 weeks

Fulfilling the investment condition

The investor transfers money to their account in the Portuguese bank. The money is used to purchase a fund share or make another investment.

6

1—2 weeks

Preparing documents

An Immigrant Invest lawyer provides the applicant with a list of necessary documents. After the documents are collected, the lawyer has them translated into Portuguese and notarised.

7

4—5 months

Applying for a Golden Visa

E-copies of the documents are sent to the Agency for Integration, Migrations and Asylum of Portugal, AIMA, for a preliminary approval. Once the application is pre-approved, the investor and their family members make an appointment and visit the AIMA in person.

In the Agency, applicants submit biometrics and original documents. Getting an appointment and visiting the AIMA normally takes 1—2 weeks.

8

6—8 months

Getting approval and residence cards

After the original documents are submitted, the application undergoes the second stage of processing. When it is approved, residence cards are issued within two weeks. The investor can collect them either in person or through a lawyer acting by proxy.

9

Every 2 years

Renewing residence permits

To maintain residency, the investor and their family members must spend at least seven days a year in Portugal. To renew their residence permits, they must undergo the same procedure for submitting documents and fingerprints.

Further path to Portugal permanent residency and citizenship

Permanent residency. An investor is eligible to apply for permanent residency after holding a temporary residence permit for 5 years. To qualify, the applicant must have no criminal records, know Portuguese at the A2 level, and have a registered address in Portugal. The application is typically processed within 60 days, but this can vary depending on individual circumstances and administrative workload.

Citizenship. Portugal Golden Visa requirements give holders the right to apply for Portuguese citizenship by naturalisation 5 years after obtaining a residence permit.

Applicants must have no convictions and speak Portuguese at the A2 level. The citizenship application process usually takes about seven months to complete, and the entire procedure, from application to obtaining citizenship, can extend up to a year.

Your Golden Visa team

Our Portugal-based legal and migration experts understand the law in depth and ensure a smooth residency process.

Get more than just a Golden Visa

  • 1

    Your inside agent in Portugal

    Our on-site team stays ahead of legal changes, prepares only required documents, offers in-person support, and ensures smooth coordination with Portuguese authorities.

  • 2

    Unity

    We will help you obtain residence permits for family members, including your spouse or partner, children, and parents.

  • 3

    Unity

    We will help you obtain residence permits for family members, including your spouse or partner, children, and parents.

  • 4

    Asset

    We will offer fund options based on your goals, budget, and returns, and support you through closing the deal.

  • 5

    Banking

    We will assist you in preparing the required documents and opening an account in a Portuguese bank.

Why trust in Immigrant Invest?

Immigrant Invest is a licensed agent that works only with government programs in the EU and the Caribbean under licence from the respective governments. Immigrant Invest lawyers are members of IMC, the worldwide association for immigration and citizenship by investment. 

We have been working since 2006 and know everything about the industry: the nuances of laws in each foreign jurisdiction, how Due Diligence is carried out, and the best ways to solve the issues.

Our team also includes certified AML Officers. They conduct a preliminary Due Diligence check, which reduces the risk of a visa and residence permit refusal to 1%.

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Let's discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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Frequently asked questions

  • Who qualifies for a Golden Visa in Portugal?

    To qualify for a Golden Visa in Portugal, the main applicant must be over 18, be a non‑EU and a non-EEA citizen, have no criminal record, earn capital for investment outside Portugal, have no debts in Portugal, possess legal income, and have medical insurance.

    The investor can add a spouse, children under 26, and parents to their application.

  • Is Portugal stopping the Golden Visa?

    No, Portugal does not stop its Golden Visa program. The Golden Visa is still operating, but the options of purchasing real estate or transferring capital are no longer available.

  • How much do I need to invest in Portugal to get residency?

    The minimum investment for a Portugal Golden Visa is €250,000. This option requires an investor to transfer capital to a cultural institution to support local arts and cultural heritage. The option is non-refundable.

    Another way is to purchase investment fund units, which must cost at least €500,000. The investment is usually returned within 6 to 10 years.

  • Can you get residency in Portugal if you buy a property?

    No, the Portuguese government has excluded real estate purchase from the list of options to obtain a residence permit in the country. The most popular alternative still available for investors is purchasing fund units worth at least €500,000.

  • What is the easiest way to get residency in Portugal?

    The Golden Visa program is an easy way to get residency in Portugal. It requires 12+ months and an investment in the local economy of at least €250,000.

    To qualify, an investor must be over 18, come from a non-EU and non-EEA country, have no criminal record, earn legal income outside Portugal to cover investment and medical insurance.

  • What is the minimum investment for a Portugal visa?

    The minimum investment for a Portugal Golden Visa is €250,000. This option requires an investor to transfer capital to a cultural institution to support local arts and cultural heritage. The option is non-refundable.

    Another way is to spend at least €500,000. This investment requirement applies to three options, including purchasing investment fund units, contributing to the local business, and sponsoring research.

    An applicant can also open a company in Portugal, which will create at least 10 jobs. In this case, the investment amount is not specified.

  • Is the Portugal Golden Visa worth getting?

    A Portugal Golden Visa offers various benefits to its holder. They can travel within the Schengen Area without a visa, access high-quality education and healthcare, and work or run a business in the EU.

    Investors who obtain a Portugal Golden Visa and their family members can move to Portugal, use the country as a “plan B” in case of force majeure, or just enjoy the perks of a permit in the EU without obligation to live there.

  • What documents do I need to get a Portugal Golden Visa?

    Foreigners provide the following documents:

    1. A passport copy.
    2. Birth certificates for children, if applicable.
    3. A marriage certificate, if applicable.
    4. Proof of entry and legal stay in Portugal.
    5. A tax identification number in the country of residency.
    6. Health insurance.
    7. Documents outlining the good standing with the Portuguese Tax and Customs Authority and Social Security system.
    8. A certificate of no criminal record issued by the current country of residency.
    9. A completed form authorising the Agency of Integration, Migrations, and Asylum, AIMA, to access criminal records in Portugal.
    10. A receipt for an application fee.
    11. A Sworn Statement by which the applicant declares to comply with all the minimum quantitative and time requirements for the investment activity in Portugal.
    12. Evidence of an international transfer of funds for investing.
    13. Documents confirming the investment. Depending on the option, it can be a certificate of ownership or a company registration or a declaration proving financial contribution.
  • How do I get a Portugal passport?

    Foreign nationals typically obtain a Portuguese passport by naturalisation. As of December 2025, the standard eligibility route remains at least 5 years of legal residence in Portugal.

    However, the government proposed and parliament approved changes that would extend the minimum residence period to 10 years for most nationalities — and 7 years for EU and Community of Portuguese Language Countries nationals — subject to the measure entering into force.

  • What are the latest changes for Golden Visa in Portugal?

    In 2025, AIMA restarted biometric appointments for Golden Visa applicants from January 15th, 2025, generally scheduled in the order that updated documents were uploaded, which is the practical change most applicants felt in day-to-day timelines

    Separately, the main 2025 development that changes many Portugal Investor Visa plans is citizenship timing: the government announced a move to 10 years of legal residence for most applicants — with 7 years for Portuguese-speaking countries — and media later said Portugal will reassess the law. It is not yet in force.

  • What happens to my citizenship plans if Portugal extends the residency requirement to ten years or changes how it’s counted?

    For citizenship planning, that means the goal remains achievable, but the plan becomes less predictable and potentially longer. If a 10-year rule takes effect, the main impact is simply a longer runway.

    If the reform also changes how the time is counted, the practical effect depends on the final wording.

    Some 2025 commentary suggests the “clock” could move away from a more applicant‑friendly interpretation and make the timeline start later for people who waited a long time for their first card, but the key point in 2025 is that this was not fully settled publicly until the final law is published, so any plan should assume a buffer and avoid relying on the fastest possible date.

Schedule a meeting

Let's discuss the details

We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.

Zlata Erlach
Zlata Erlach

Head of the Austrian office

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