The Ultimate Guide To The Portugal Golden Visa (Residency By Investment)

The Portugal Golden Visa, an appealing vehicle to Portuguese residency for non-European Union investors, has gained global traction since its inception in 2012. This guide serves as your in-depth introduction to this program and the wealth of benefits it presents. From visa-free travel across the cherished Schengen area to the prospect of immersing oneself in Portugal’s thriving cultural and economic climate. Read on to get the clear, practical guidance you’ll need to confidently move forward with this investment opportunity.

Residency by Investment in Portugal: Become A Legal Resident of Portugal through a Golden Visa Application

Launched by the Portuguese government in October 2012, the Portugal Golden Visa Program is designed to attract citizens from outside the EU/EEA seeking permanent residency through investment. The program has significantly boosted Portugal’s economy, attracting more than €7 billion in foreign investment and becoming one of the leading residency-by-investment initiatives globally.

The residency granted through the Golden Visa is a major milestone—it allows investors to live, work, and study in a country renowned for its high living standards and affordability. Portugal is a favored destination for many, and the residency permit facilitates easier travel, providing visa-free access to 188 countries, including all European countries within the Schengen Area.

Learn more about Portugal Residency by Investment

Top 10 Residency by Investment Benefits for Portugal

The Portugal Golden Visa program presents a powerful combination of investment opportunity and European residency access. More than just a pathway to financial growth, it offers visa-free travel, the option to establish a home in one of Europe’s most welcoming countries, and attractive tax and lifestyle benefits. Below, we explore the most compelling residency advantages that make this program a standout choice for global investors.

1.Wide Range of Investment Routes

The Golden Visa program offers a diverse range of investment routes, allowing investors to choose from capital transfer, investment funds, support for artistic production, cultural donations, and investment in commercial companies. This ensures that investors can select the form of investment that best suits their financial capabilities and interests.

2.Free Travel Across the Schengen Zone

The Portugal Golden Visa offers seamless access to the Schengen Area. This advantage means that Golden Visa holders can freely move across 27 European countries without the need for a separate visa, staying for up to 90 days within any 180 days.

3.Path to Citizenship

The Portugal Golden Visa provides a clear path to Portuguese citizenship. After a five-year period of residency, investors can apply for permanent residence permits and eventually Portuguese nationality. This makes it an appealing option for those seeking European Union citizenship, offering the benefits of a Portuguese passport and the ability to live, work, and travel freely within the Schengen Area.

4.Short Period of Residency Requirement

The program has a minimal residency requirement, making it convenient for busy investors. Applicants need to spend only seven days in Portugal during the first year and fourteen days in subsequent two-year periods. This allows investors to maintain their primary residence in their country of origin while still qualifying for the Golden Visa.

5.Favorable Tax Regime

Under Portugal’s new tax rules, individuals becoming tax residents from January 1, 2024, can no longer enroll in the NHR regime. Existing NHR beneficiaries keep their benefits until their 10-year period ends, after which global income is taxed. However, the new Fiscal Incentive for Scientific Research and Innovation (IFICI) Program offers a non-renewable 20% tax rate for qualified professionals for 10 years.

6.Family Reunification

The Golden Visa program supports family reunification, allowing the primary applicant to include their spouse, dependent children, and dependent parents in the application. This ensures that families can stay together while enjoying the benefits of residency in Portugal.

7.Simplified Application Process

The application process for the Golden Visa scheme has been streamlined to facilitate easy access. Investors can complete their initial application and subsequent renewals through online submission once every two years.

8.Access to High-standard Healthcare and Education

Golden Visa holders not only enjoy the privilege of living in Portugal but also gain access to its high-standard healthcare and education systems. Portugal is known for its excellent healthcare services, which are ranked among the top in Europe for quality and accessibility.

9.Banking and Financial Services

Portugal has a robust banking system, and investors can easily open accounts with Portuguese banks to facilitate their investments. The transparent rates and favorable mid-market rates offered by banks make it convenient for foreign exchange transactions.

10.Favorable Business Environment

Portugal’s favorable business environment, including low corporate tax rates and incentives for commercial companies, is tailor-made to appeal to foreign investors.

Why Do You Need A Second Passport? Advantages of Dual Citizenship

Changes to Portugal’s Residency by Investment Program

In January 2024, Portugal’s Parliament enacted legislation bringing notable changes to the Golden Visa program, particularly in the eligibility criteria and investment requirements. As of October 2023, the option to secure a Golden Visa through real estate acquisition has been removed, steering foreign investors towards alternative routes and away from real estate investment options.

The revised regulations now feature a more efficient application process that counts the residency waiting time towards eligibility for a Portuguese passport. Balancing various qualifying investment types with legal compliance, the program continues to offer diverse investment routes for obtaining a Golden Visa.

What Does this Mean for Investors?

The updated process includes a variety of investment avenues such as investment funds, donations to cultural heritage projects, and equity stakes in Portuguese companies. Applicants can now expect quicker processing times, with the entire process potentially taking just a couple of months. Moreover, the new regulations provide clearer guidelines on the necessary documentation and fees, including the application processing fee and the residence permit issuance fee.

Applicants from diverse countries of origin, including Chinese nationals and residents of Hong Kong, can benefit from these changes, ensuring a smooth path to Portuguese residency and eventual citizenship. The program’s appeal is further enhanced by the potential for dual citizenship, allowing investors to retain their original nationality while enjoying the benefits of being a Portuguese resident.

Europe’s Golden Visas: 5 Highly Pursued EU Residence Programs

5 Portugal Golden Visa Requirements

To initiate the process of obtaining a Portugal Golden Visa, applicants must fulfill specific criteria aimed at ensuring their potential contribution to the country’s economy and society.

1. Prerequisites for the Golden Visa Program

The initial application requires submitting an online application form, a valid passport, and additional documentation through the online portal. The principal applicant must be over 18 years of age, capable of making independent financial decisions, and demonstrate a trustworthy character. Following preliminary approval, applicants must attend a biometric appointment. Once approved, they receive residence cards, which must be renewed periodically.

2. Clean Criminal Record

A clean criminal record is essential. Applicants must not have any criminal history in their country of residence or in Portugal. This requirement is in place to maintain a safe and secure environment for all residents.

3. Minimum Investment Requirement

Applicants must make a minimum investment of €250,000. There are various investment routes available, such as investing in Portuguese funds, job creation, or choosing the cultural donation option.

This flexibility allows applicants to choose the investment form that best suits their financial capabilities and interests.

4. Residency Requirement

The residency requirement is minimal, requiring applicants to spend roughly a week in Portugal each year. This rule accommodates individuals with busy lives and commitments in other countries, making it easier to maintain the residency permit and strive toward becoming a permanent resident without significant disruption.

5. Maintain Your Investment for 5 Years

To maintain your Portugal Golden Visa, you must retain your investment for five years. This typically involves holding fund investments or qualifying business activities. The flat rate investment ensures your commitment to Portugal’s economy. After the five years, you may apply for permanent residency, with the Portugal Golden Visa program offering a clear path to citizenship.

Contact a Residency by Investment Attorney

Portugal Residency Requirements for US Citizens

US citizens can apply for legal residency in Portugal through programs like the Golden Visa or D7 Visa. The Golden Visa requires an investment with a minimum of €250,000. After five years, you can apply for citizenship. US citizens benefit from Portugal’s residency card, leading to permanent residency and a potential path to Portuguese citizenship, making it an attractive option for long-term relocation.

Golden Visa Portugal Requirements for UK Citizens

Following Brexit, UK citizens are no longer part of the EU, making the Golden Visa an excellent option for those seeking residency in Portugal. The Golden Visa requires an investment in real estate, business, or Portuguese funds. The minimum investment is €250,000. This program offers UK nationals legal residency and a clear path to citizenship, providing a safe and stable environment in Portugal.

Portugal Residency by Investment Requirements for Non-EU Citizens, Non-Swiss Citizens and Non-EEA Citizens

Non-EU nationals, non-Swiss, and non-EEA citizens can qualify for Portugal’s Golden Visa program by investing in real estate or other qualifying funds. This residency program leads to legal residency, with a path to citizenship after five years. Portugal’s stable economy and excellent residency options make it one of the safest countries for long-term relocation, offering permanent residency and a chance to enjoy Portuguese national heritage.

How to Obtain Portuguese Residency: Investment Options for the Portugal Golden Visa

With the recent shift in the Portugal Golden Visa Program as of 2024, real estate investments are no longer an option. Instead, the program now offers a broader range of investment routes that align with the country’s economic and social development goals. These updated pathways present attractive opportunities for international investors seeking residency in Portugal.

1. Investment in Research and Development (R&D)

Investing at least €500,000 in R&D initiatives involves supporting projects managed by accredited institutions in Portugal. This option is focused on fostering innovation and technological advancement. Beyond contributing to your Golden Visa application, this investment aids in propelling Portugal’s scientific and technological sectors, thereby enhancing its international reputation.

2. Support for Artistic Production or Cultural Heritage

For a minimum of €250,000, investors can support artistic production or the preservation of cultural heritage. This investment path is designed for those interested in contributing to Portugal’s cultural and historical legacy through independent film production or similar means. By choosing this route, you assist in preserving Portugal’s cultural identity and ensuring its continued prominence for future generations.

3. Investment in Small and Medium Enterprises (SMEs)

Investing a minimum of €500,000 and creating at least 5 permanent jobs in Portugal’s SMEs can be done either directly or through investment funds focused on this sector. SMEs play a crucial role in the country’s economic landscape, driving innovation and creating jobs. By investing in this sector, you not only help stimulate economic growth but also potentially benefit from the dynamic opportunities within Portugal’s entrepreneurial ecosystem.

4. Investment Funds

The investment fund route involves placing at least €500,000 into accredited Portuguese investment funds or venture capital schemes. These funds are dedicated to supporting companies with high growth potential or those in need of development. This investment option underscores your confidence in Portugal’s corporate sector and contributes to the overall vitality of the local economy.

5. Job Creation

For those with a business-oriented mindset, the Golden Visa program rewards the creation of at least 10 jobs in Portugal (or 8 in low-density areas). This route is ideal for entrepreneurs looking to establish or expand a business in Portugal, allowing them to make a tangible impact on the local job market while securing residency status through significant economic contribution.

Can I Invest in Multiple Countries’ Citizenship by Investment Programs?

What Does the Portuguese Golden Visa Application Entail? How to Prepare to Obtain Portugal Residency By Investment

The Portuguese Golden Visa is a popular option for those seeking residency by investment. The application entails transferring funds into qualifying investment activities, such as cultural initiatives or business ventures, ensuring legal entry into Portugal. Pre-application preparations and careful submission of documents are essential steps toward obtaining Portuguese citizenship and residency.

1. Get Acquainted with the Investment Requirements

Before starting your application, familiarize yourself with the investment types available under the Portuguese Golden Visa Program. The principal applicant must consider whether they want to make a donation or invest in artistic production, foreign investment funds, or other qualifying ventures.

2. Gather Essential Documentation

Prepare the necessary documentation for your application, which typically includes:

Valid Passport: Ensure your passport is current and valid.
Proof of Investment: Documentation of your chosen investment, whether it’s in cultural projects, funds, or other qualifying areas.
Proof of Funds: Bank statements or financial documentation showing your investment capabilities.
Additional Documentation: Depending on your investment route, you may need specific documents like share capital proof, cultural donation receipts, or legal entity documents.

3. Open a Portuguese Bank Account

You’ll need a Portuguese bank account and obtain an NIF number (a tax identification number) to facilitate your investment. Usually, this involves visiting a regular Portuguese bank or foreign exchange company to open an account. Additionally, you must transfer the necessary funds to this account for your investment.

4. Complete the Application Registration

Fill out and submit the application registration form to AIMA. This step includes:

Online Submission: Our experts at JH Marlin can help with the online submission process.
Application Processing: Be prepared for a waiting period due to possible backlogs in application processing.

5. Schedule and Attend Appointments

You’ll need to schedule and attend a biometrics appointment to provide fingerprints and other necessary data. Certain investment routes or legal requirements require an in-person appointment with fund managers or legal advisors.

6. Address Potential Issues

Be aware of common issues and address them promptly:

Application Backlog: Anticipate potential delays due to a massive application backlog.
Renewal Application Process: If your application is approved, be aware of the renewal process for residence permits, including maintaining habitual residence and reapplying as necessary.

7. Optimize Your Investment Opportunities

To maximize the benefits of your investment:

Diversification: Consider diversifying your investments across various funds or investment options.
Legal and Financial Advice: Seek advice from experts in fund management, venture capital, or other investment capabilities to ensure compliance and optimize your returns.

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Renewals of Residence Permits for the Portuguese Golden Visa

The renewal of the Portuguese Golden Visa typically occurs every two years after the initial application submission. To ensure a smooth process, start preparing for the renewal appointment a couple of months before your current residence card expires. By following these steps and staying organized, you can navigate the renewal process smoothly and continue enjoying the benefits of Portuguese residency through the Golden Visa Program through the years.

1. Confirm Your Residency Requirements

To maintain your Golden Visa, you must spend at least seven days per year in Portugal. This requirement supports your habitual residence status and ensures compliance with the physical presence requirements of the program. After the first year, your residency requirement increases to two weeks per year.

2. Gather Updated Documentation

Prepare and review all necessary documents for the renewal application. This includes:

Current Residence Card: Ensure that your existing residence card is valid.
Original Documentation: Collect and update any required original documentation that may be necessary.
Proof of Investment: Document any ongoing investments or new investments if applicable.
Application Registration Form: Complete the renewal application form through the online portal.

3. Address Any Previous Issues

Expired Residence Card: If your residence card has expired, address this issue immediately to avoid complications.
Lost Residence: Report any lost residence cards promptly and provide the necessary documentation to support your renewal application.

4. Submit Your Application Online

The designated online portal can be used to submit your renewal application. Be mindful of the potential backlog of renewal applications, which could affect processing times.

5. Attend the Biometric Appointment

Schedule and attend a biometric appointment to provide updated fingerprints and other biometric data. This renewal appointment is crucial for receiving your new residence card.

6. Pay the Residence Permit Processing Fee

Be prepared to pay the residence permit issuance fee as part of the renewal process. This fee is necessary to process and issue your new residence card.

7. Monitor the Processing Time

The renewal process can take a couple of months due to possible backlogs and waiting periods. Stay informed about the status of your application through the online portal.

8. Maintain Compliance with Residency Obligations

Continue to fulfill the residency requirements, including the required annual stay in Portugal, to ensure that you remain in good standing.

9. Plan for Future Renewals

As you approach the end of your current residency period, plan for future renewals by keeping all documentation current and staying updated on any changes to the Portugal Golden Visa Program. After 5 years of temporary residency, you can apply to be a permanent resident.

Which country is best for residence by investment?

How to Decide if the Portugal Golden Visa Program is Right for You?

Deciding if the Portugal Golden Visa Program is right for you involves assessing your investment goals, lifestyle preferences, and long-term plans for residency. The program offers a path to Portuguese citizenship, permanent residence, and access to public healthcare.

Consider your current country of residence, tax rate, and whether the required form of investment aligns with your financial goals. Portugal is an excellent option for those seeking quality of life in a stable, welcoming environment.

Factors to Consider:

Form of investment (fund investments or business activities)
Access to Portuguese healthcare and public healthcare system
Path to Portuguese citizenship and permanent residency
Your current country of residence and tax implications
Availability of cheaper investment options for eligibility
Potential long-term benefits of living in Portuguese national territory

Other Popular Residency by Investment Options in Europe

Golden Visa Spain Vs Portugal

Spain’s Golden Visa requires a minimum investment of EUR 500,000 in real estate, which can be split between multiple properties. Alternatively, investments in Spanish financial institutions can start at EUR 1 million. The program offers foreign nationals residency and a path to citizenship after ten years. However, the Spanish government have made the decision to end the golden vias porgram as on the 3rd April 2025, so if you want to apply, you still have a couple of weeks to do so.

In comparison, Portugal’s Golden Visa offers cheaper investment options, starting at EUR 250,000, mainly in fund investments, with a shorter residency period for citizenship (five years). While Spain has higher real estate investment thresholds, Portugal offers more flexible and affordable alternatives, making it a popular choice for many.

Residency by Investment in Malta Vs Portugal

Malta’s residency by investment program requires a contribution of at least €375,000 when buying a property or a minimum property rental of €14,000 per year. They must also hold assets of at least €500,000, including €150,000 financial investments or €650,000 with at least €75,000 of it in financial investments.. In contrast, Portugal’s program allows for fund investments starting at €250,000, providing a faster path to citizenship in just five years.

Learn more about Maltese residency

Investor Visa Greece Vs Portugal

The Greek RBI program is one that is extremely comparable to Portugal, so it might also be worth thinking about if you are considering a Portuguese golden visa. Similarly to Portugal, the minimum investment is €250,000, but it does increase up to €800,000 depending on the option you choose. One of the best parts about the Greek residency by investment option is that it only takes on average 3 months to be approved. If you are considering a European residency by investment program, talk to our experts to discuss the best option for you.

Learn more about Greek residency

Secure Portuguese Residency With JH Marlin

At JH Marlin, we guide you through every step of the citizenship or residency by investment process. Our experienced team ensures that your investment journey is seamless, from initial consultation to final approval.

We offer personalized support, helping you navigate the complexities of legal requirements and paperwork. Whether you’re seeking residency or citizenship, we’re committed to providing you with the assistance needed to make the process efficient and stress-free, offering a smooth transition into your new life.