Portugal has proposed to terminate its Golden Visa program, but a final decision has not yet been made and is subject to public discussion until March 16, 2023.
The current rules will remain in force for the next 45 days. Given the potential closure of the Portugal Golden Visa program, now could be a good time to evaluate its relevance to secure an alternate residency.
3rd most Powerful Passport according to Global Passport Power Rank 2022
High Quality of Life
High Human Development Index Ranking
Rich history and Lively Culture
Portugal Golden Residency Permit Program
Launched in 2012, the Portugal Golden Residence Permit Program (commonly known as the Portugal Golden Visa Program) attracts over 1000 applicants each year.
Fastest program that enables residency within Europe.
Five-year residence by investment program for non-EU nationals.
Only requires an average of seven days/per year stay in Portugal over this period, which can also count towards citizenship eligibility after five years.
Benefits of Portugal Residency
Eligibility to apply for citizenship after five years as a legal resident while keeping other citizenship(s)
Low physical presence requirement (seven days during the first year of residence and 14 days for the two subsequent years, which can count towards citizenship eligibility after five years)
Right to live, work, and study in Portugal
Excellent educational and international healthcare infrastructure
High quality of life with rich culture, mild climate and high level of security
EUR 280,000 by investment
Minimum 7 days of stay annually on an average
Investor, spouse, dependents up to age 25, parents and in-laws of main applicant
Capital transfer, Property acquisition, Business
Residence visa-waiver and visa-free travel to Schengen nations
EUR 1.5 million minimum capital transfer into a Portuguese bank account or approved investments.
EUR 250,000 in support of artistic production or in the recovery or maintenance of national cultural heritage. *EUR 200,000 in a low population density area*
EUR 500,000 for research activities of public or private entities that are part of the national scientific and technological system. *EUR 400,000 in a low population density area*
EUR 500,000 for the acquisition of investment fund or venture capital fund units committed to the capitalization of companies incorporated under the Portuguese law, with a maturity of at least five years and with at least 60% of the investment portfolio in companies with a registered office in the national territory
EUR 500,000 minimum real estate purchase (residential property is limited to designated interior areas) . *EUR 400,000 in a low population density area*
EUR 350,000 minimum real estate purchase for the refurbishment of residential properties older than 30 years or in an area of urban regeneration, including the cost of renovations (residential property is limited to designated interior areas). *EUR 280,000 in a low population density area*
Creation of a minimum of ten new jobs. *Eight new jobs in a low population density area*
EUR 500,000 for the incorporation or increase of the share capital of a company that is registered in Portugal, creating or maintaining a minimum of five permanent jobs for a period of three years
*Low Population Density Area: A low population density area is defined as less than 100 inhabitants per square km or with a GDP per capita below 75% of the national average.
Portugal Citizenship Overview
Right to vote, settle, work, and study in all EU countries
Visa-free or visa-on-arrival access to 187 destinations worldwide
Can mainly be acquired by those who are descended from Portuguese parents or grandparents, by marriage or civil union, or by birth in a Portuguese territory.
Investors would have to be a Resident of Portugal for at least 5 years.
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