Portugal Golden Visa

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
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.
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.
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.
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.
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.
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.
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.
Practical guide to obtaining a Portugal Golden Visa
- Step-by-step procedure
- Requirements to applicants
- Necessary documents
- Answers to frequently asked questions
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.
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%.
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.
Contributions fund research projects at public or private research institutions which participate in national science and technology programs.
The contribution is non-refundable.
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.
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 |
Individual cost calculation for the Portugal Golden Visa
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.
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:
- A passport copy.
- Birth certificates for children, if applicable.
- A marriage certificate, if applicable.
- Proof of entry and legal stay in Portugal.
- A tax identification number in the country of residency.
- Health insurance.
- Documents outlining the good standing with the Portuguese Tax and Customs Authority and Social Security system.
- A certificate of no criminal record issued by the current country of residency.
- A completed form authorising the Agency of Integration, Migrations, and Asylum, AIMA, to access criminal records in Portugal.
- A receipt for an application fee.
- A Sworn Statement by which the applicant declares to comply with all the minimum quantitative and time requirements for the investment activity in Portugal.
- Evidence of an international transfer of money for investing.
- 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.
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.
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.
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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%.
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.
