Portugal's Golden Visa: Your fast track to EU residency route and what you should know

Portugal’s Golden Residence Permit Program, commonly known as the Golden Visa, has emerged as one of Europe’s most sought-after residency-by-investment pathways for non-EU nationals. With access to the Schengen zone, a short physical stay requirement, and the possibility of citizenship in just five years, the program appeals to high-net-worth individuals seeking global mobility, long-term security, and business diversification in Europe.

What is the Portugal Golden Visa?

Launched in 2012, the Portugal Golden Residence Permit Program grants residency to non-EU nationals who make qualifying investments in the country. The five-year program allows investors and their families to live, work, and study in Portugal, along with visa-free access to the Schengen Area. After five years, eligible individuals can apply for permanent residency or Portuguese citizenship, while retaining their original nationality.

One of the standout features is its low physical stay requirement, just seven days per year on average, making it ideal for investors who do not wish to relocate immediately, as reported by Henley & Partners.

Key benefits of the Portugal Golden Visa

• Visa-free travel: Residents enjoy unrestricted travel across Europe’s 27-member Schengen Zone.
• Right to reside and work: Holders can legally live and work in Portugal, with access to healthcare, education, and social services.
• Path to citizenship: After five years, investors can apply for citizenship, subject to basic language proficiency and integration requirements.
• Low stay requirement: The program mandates a stay of just 14 days in the first two years and 21 days in the next three years.
• Access to Healthcare and Education: Portugal offers high-standard medical facilities and international schooling options.
• Quality of life: A stable economy, pleasant climate, safety, and a relaxed lifestyle make Portugal a preferred destination for global investors.

Investment options: Capital and businesses

Applicants can choose from several investment categories. According to Henley & Partners report, the most popular are capital transfer and business creation.

1. Capital transfer options

• €500,000 in investment funds: Must be directed to Portuguese-registered venture capital funds focused on national companies.
• €500,000 in scientific research: Contributed to certified public or private research institutions.
• €400,000 in low-density areas: A reduced investment amount if directed to low population density regions.
• €250,000 in culture or heritage: Funding for artistic projects or the restoration of cultural heritage.
• €200,000 in low-density cultural areas: A further reduction applies in qualified locations

2. Business investment options

• Creation of 10 jobs: Employment must be generated for at least 10 people.
• 8 jobs in low-density areas: Job creation target is reduced in rural or less populated regions.
• €500,000 in a Commercial Company: Either to set up a new company creating at least 5 jobs or to expand an existing one maintaining or creating jobs over three years.

How to apply?

• Initial consultation: The applicant is introduced to the Portugal-based team, either remotely or in person.
• Documentation: Collection of legal documents, tax identification, and selection of investment option.
• Bank account opening: A Portuguese bank account is opened in the applicant’s name.
• Investment execution: The chosen investment is completed.
• Application submission: Documents are submitted online to the Portuguese Immigration and Borders Service (SEF).
• Biometrics appointment: The applicant and family visit Portugal to provide biometric data.
• Approval and residence card: Upon approval and payment, a two-year residence permit is issued.

This permit can be renewed for another three years. After five years, the holder can either apply for permanent residence or Portuguese citizenship.

Why Portugal?

As per the Henley & Partners report, Portugal ranks consistently high in global quality of life indexes. With a strategic location in Western Europe, it offers proximity to key markets, a peaceful environment, and government-backed stability. Its real estate sector has also witnessed steady growth, attracting international buyers.

While the real estate route was previously popular, recent reforms have limited this pathway, shifting investor interest toward fund-based and cultural contributions.