GOLDEN VISA SPAIN VS PORTUGAL GOLDEN VISA
Are you contemplating the allure of Europe and considering a Golden Visa as your gateway? Spain and Portugal, both renowned for their exceptional quality of life, stunning landscapes, and rich cultures, offer compelling residency-by-investment programs. But which country is the ideal fit for you and your family?
Both Spain and Portugal have witnessed a surge in popularity for their Golden Visa programs, with Portugal experiencing slightly higher demand, particularly among Americans. Whether you’re a retiree seeking tranquility, a digital nomad embracing flexibility, or an entrepreneur pursuing new opportunities, these countries offer something for everyone.
While sharing many similarities in terms of lifestyle benefits, the Golden Visa programs in Spain and Portugal differ in their specific requirements. Both pathways ultimately lead to permanent residency and citizenship, but the journey to get there involves distinct criteria.
In the following sections, we will delve deeper into the specifics of each program, highlighting key differences to assist you in making an informed decision.
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SPAIN VS. PORTUGAL GOLDEN VISA BENEFITS
For both countries’ programs investors can enjoy
- The right to live, work, and study in that country
- Visa-free travel to the 26 EU nations as part of the Schengen Zone and both offer visa free access to over 180 countries with two of the world’s strongest passports.
- Immediate family eligibility for residency.
- Strong education and medical system that are government subsidised
- A host of entertainment and recreational facilities
- Both are safe counties with Portugal ranking in the world’s top 10 and Spain not far behind (Global Peace index).
PROCESSING TIME
WHICH PROGRAM IS QUICKER: SPAIN VS. PORTUGAL GOLDEN VISA?
- Spain is fast and efficient, with approval usually given in 20 business days of submission.
- Portugal’s Golden Visa processing takes at least 18 months after the online submission.
RESIDENCY REQUIREMENTS
RELATIVELY LENIENT FOR BOTH
- Portugal: 7 days in country in the first year and 14 days every two years after that.
- Spain: you must visit at least once per year as part of your visa renewal.
CITIZENSHIP
WHICH PROGRAM IS QUICKER: GOLDEN VISA SPAIN VS PORTUGAL?
Spain after 10 years and Portugal after 5 years and it is easier than in Spain.
In Spain, the Golden Visa program does not automatically grant Spanish citizenship unless you are a national from one of Spain’s former colonies in Central and South America, the Caribbean or the Philippines. These nationals can gain citizenship within two years, provided they meet other requirements.
Particularly for Americans, as well as nationals of other countries, they must first live as temporary residents in Spain, for 183 days per year and apply to become permanent residents after five years. After another 5 years of permanent residency, they can apply for citizenship – 10 years in all.
In Portugal, acquiring permanent residency and citizenship is easier and faster. Investors can apply for permanent residency after five years, without living in Portugal. They become eligible for citizenship after the fifth year.
GOLDEN VISA INVESTMENT COSTS
Portugal has more competitive investment options and is generally a little less costly than Spain.
Portugal has 3 options.
- The lowest cost is a EUR 250,000 donation to the arts.
- An investment of at least EUR 500,000 into a Portuguese Investment or Venture Capital fund with certain government requirements.
- Purchasing real estate
- Any property in a designated area (Not Lisbon, Porto or the coast) for EUR 500,000 or in a low density area for EUR 400,000.
- A property in a designated area that is at least 30 years old for renovation, with a minimum value of EUR 350,000 or 280,000 in a low density area
SPAIN GOLDEN VISA REAL ESTATE INVESTMENT PROS AND CONS.
First Spain has only two options
- A minimum of 1 million Euros deposited into an accredited Spanish bank
- A minimum real estate investment of EUR 500,000 in real estate or real estate shares – for the purchase of 1 or multiple properties and a mix of residential or commercial real estate.
Both countries have relatively dynamic and robust real estate markets, and it is worth noting that these are investment programs. It is reasonable to expect that investors can recoup their funds after 5 years with a likely profit, except for the Portugal Arts donation option, and there may be interim dividends available.
Read Also : Spain Investment Visa : Secure Your Future in Spain with the Golden Visa Program in 2025
FAMILY ELIGIBILITY
Portugal’s Golden Visa program offers more – the Non-Habitual Residence (NHR) Portugal Tax Regime, which allows tax exemptions for up to ten years. These exemptions are extensive and include income obtained from pensions, dependent and independent work, real estate income, capital gains, and intellectual or industrial property. Portugal’s property transfer tax is also highly beneficial.
Spain’s Golden Visa real estate investment has a significant factor to consider, which is the taxation system. Investors who reside in Spain for more than 183 days per year are subject to tax on their worldwide income, which is not the case in Portugal. For non-resident individuals, the country charges a 24% tax on income derived in Spain, such as rental income.
TAX – SPAIN VS. PORTUGAL GOLDEN VISA BENEFITS
Both countries include spouses, dependent children under 18 dependent parents. All eligible for residency. Portugal offers marginally broader family eligibility, for example, including dependent children over 18 who are still in school.
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SUMMARY
In summary, for Americans or most other nationalities, there are very solid benefits to both Golden Visa programs. Many experts consider Portugal’s Golden Visa to be slightly more advantageous, but it’s important to note that both Portugal’s and Spain’s golden visa real estate investment pros and cons exist. It’s important to consider both options and choose the one that best aligns with your priorities.
As noted earlier there have been some reports of Portugal terminating their Golden visa program. In this event we would recommend you consider some of the other similar European programs, such as those of Malta, Cyprus, Greece, France and Monaco.
Please note: There has been recent discussion by the Portuguese Government about halting the Portugal Golden Visa program.
Read Also : Europe Golden Visa Programs: Status Update for 2025
