Home - Golden Visa - Portugal Golden Visa: A Strategic Investment in 2025

Portugal Golden Visa: A Strategic Investment in 2025

Table of Contents

Portugal Golden Visa

The Portugal Golden Visa Program is a five-year residence-by-investment program designed for non-EU nationals looking to relocate to Portugal. This program has become highly popular among high net worth individuals as it grants the right to live, work, and study in Portugal, while also offering visa-free travel across the Schengen Area.

With an average stay requirement of just seven days per year, the Portugal Golden Visa is one of the most flexible and accessible residency pathways in Europe. Portugal also offers a high quality of life, known for its safety, welcoming culture, warm climate, great beaches, and beautiful cities.

What Is the Portugal Golden Visa?

Portugal’s Golden Visa Program, which is officially known as the Residence Permit for Investment Activity (ARI). The ARI offers non-EU investors an opportunity to gain Portuguese residency through qualifying investments. The program also provides a pathway to permanent residency and, possibly citizenship.

Introduced in October 2012 to a way to help promote economic recovery after the global financial crisis, the Golden Visa has become a significant source of income for Portugal by attracting over €7.5 billion in foreign capital to date.

One of the key benefits of the Portugal golden visa program is its flexibility. Investors can qualify with a minimum investment of €500,000 in an approved fund, while only needing to spend an average of seven days per year in Portugal. After five years, applicants become eligible to apply for permanent residency and Portuguese citizenship. Even more advantageous is that Portugal recognises Dual Citizenship and therefore, the applicant does not have to renounce their original nationality.

As of October 6, 2023, the Portuguese government introduced significant changes to the Portugal Golden Visa. The new Mais Habitação Law, has removed certain investment options from the eligibility requirements, including:

  • Capital transfers of €1.5 million or more
  • Direct purchases of real estate
  • Fund investments tied directly or indirectly to real estate

In 2025, the Portugal Golden Visa offers investors a realistic alternative for investment amid growing global uncertainty. As many countries deal with political instability, rising inflation, and economic problems, Portugal offers investors the stability of European Union membership, offering a secure, democratic environment and a stable economy. 

More Info about this program here

Holders of the Golden Visa have access to a stable EU market, allowing for wealth preservation and increased financial flexibility.

Main Benefits of the Portugal Golden Visa for U.S. Citizens

For U.S. High net worth individuals seeking greater global mobility, flexibility, and long-term security, the Portugal Golden Visa offers an excellent opportunity. The Portugal Golden Visa benefits offers the following key benefits:

Residency in Portugal with Access to the Schengen Area

Holders of Portugal’s golden visa have the right to live in Portugal while enjoying visa-free travel across 27 countries in the Schengen Zone. Access to the Schengen Area makes both business and leisure travel throughout Europe easier and more convenient.

Family inclusion

Portugal’s golden visa allows family members of the main applicant to relocate to Portugal as well. Family members also receive the right to live, work, travel, and study in Portugal, with the opportunity to obtain permanent residency in Portugal or citizenship over time.

Eligible family members include:

  • Spouse/partner (partners do not have to be legally married)
  • Children under 18
  • Children of any age who are unmarried, studying full-time, and financially dependent on their parents
  • Parents over 65 (of the main applicant and/or spouse)
  • Parents under 65 (if financially dependent on the main applicant and/or spouse)

Right to work, study, and access healthcare

Golden Visa holders and their family members have the right to live and work in Portugal, as well as enroll in educational opportunities at public schools and universities. They also gain access to Portugal’s high-quality public healthcare system, where treatment and healthcare is available at little to no cost.

Pathway to EU citizenship

After holding the Portugal Golden Visa for five years and meeting the minimum stay requirements, investors become eligible to apply for permanent residency and then Portuguese citizenship. 

Portuguese citizenship grants the holder the same full residency and legal rights as a local Portuguese individual. However as an added bonus, it also provides the freedom to live, work, and study anywhere within the European Union. 

Why is the Portugal Golden Visa a Good Option for American Citizens?

2024 was a record year for millionaire migration, with more high-net-worth individuals than ever leaving or seriously considering leaving the US for new countries. Wealthy Americans are increasingly looking for citizenship options for high-net-worth expats as a form of wealth preservation. 

Read Also : Top Reasons Why More Americans Are Leaving the US in 2025

The main factors why wealthy Americans are increasingly considering leaving the USA include:

The Political Climate 

The recent election result and change of leadership in the USA has resulted in growing political instability, policy uncertainty e.g. impulsive executive orders and international tariffs being introduced, and increasing polarization of the general public. These changes to the environment have left many high-net-worth individuals looking for more politically stable alternatives. 

High Taxes

With the continuing rise in federal and state taxes, especially in traditionally high-tax states like California and New York, has meant many wealthy Americans are looking for wealth preservation. 

International Business Opportunities

Many entrepreneurs and investors are looking to relocate their businesses abroad to take advantage of better opportunities. Portugal offers EU membership and advantages that may not be available in the U.S. From easier access to the EU Common market to financial incentives such as Portugal’s Non-Habitual Resident (NHR) tax scheme that can provide substantial tax advantages for up to ten years. Through the NHR program, foreign-sourced income, such as pensions, dividends, and royalties, may be exempt from taxation. 

These benefits mean relocating a business overseas is becoming an increasingly popular reason for millionaires who are looking at leaving the USA.

A Family Friendly Alternative

The current events in America are resulting in legitimate concerns about crime. This coupled with declining educational standards, and quality of life issues such as high inflation are encouraging wealthy Americans to look for ways to provide a better life for their families. Portugal offers high-net-worth expats excellent education, universal healthcare, and a safe, low crime environment. 

Updated Portugal Golden Visa Investment Options

On October 6, 2023, the Portuguese government introduced the Mais Habitação Law. The Mais Habitação Law made significant changes to the Portugal Golden Visa by removing certain investment options from the eligibility requirements. 

Previously applicants could qualify for Portugal’s Golden Visa using the following forms of investment, which have now been removed:

  • Capital transfers of €1.5 million or more
  • Direct purchases of real estate
  • Fund investments tied directly or indirectly to real estate

The current eligible Portugal Golden Visa investment options include:

Portugal golden visa approved investment funds

Investors can invest a minimum of €500,000 in a qualified investment or venture capital fund. The selected fund must focus on the capitalization of Portuguese companies, have a minimum maturity of five years, and allocate at least 60% of its portfolio to businesses headquartered in Portugal. 

It’s important to note that funds linked to real estate are excluded from eligibility.

Portugal golden visa Donation Option

Applicants may also qualify for the Portugal Golden Visa by making a capital transfer of at least €250,000 to support artistic production or the preservation and restoration of national cultural heritage. This contribution must be directed through approved public institutions or private foundations recognized for their public utility status.

Business

Investors may also qualify for the Portugal Golden Visa through one of the following options:

  • The creation of at least ten new jobs within a Portuguese business (or eight new jobs in a designated low population density area).
  • A €500,000 investment to incorporate a commercial company that is registered and headquartered in Portugal, creating a minimum of five permanent jobs for at least three years. Alternatively, the investment can involve increasing the share capital of an existing company, creating at least five permanent jobs or maintaining at least ten jobs for a three-year period.

Scientific Research

Golden Visa eligibility can also be achieved by investing a minimum of €500,000 in research activities conducted by public or private institutions within Portugal’s national scientific and technological system. 

A reduced investment of €400,000 is available if the funds are invested in projects located in designated low population density areas, supporting regional development and innovation.

How Long Does It Take to Process a Golden Visa Application?

The processing of a Portugal Golden Visa application typically takes between 12 to 16 months. The first step is to gather the necessary documents, including proof of identity, financial statements, and confirmation of your investment. Once these are prepared, you can submit your pre-application online through the Portuguese immigration authorities (AIMA). 

After submission, you will need to attend a biometrics appointment at a Portuguese consulate or embassy, where your biometric data will be collected. 

Once your application is approved, it generally takes six to nine months from the biometrics appointment to receive your Golden Visa residence cards. Once everything is finalised, a two-year residence permit will be issued. This residence permit will need to be renewed every two years. 

After the 5 years, the holder can either extend the temporary permit again or apply for permanent residence. Once permanent residency has been granted, the holder can immediately apply for citizenship.

Residency Requirements for Portugal Golden Visa Holders

One of the most attractive features of the Portugal Golden Visa is its flexibility, particularly for remote investors or those not ready to relocate full-time. 

To maintain eligibility for the program, applicants are only required to spend a minimum of 14 days in Portugal during the first two years, followed by 21 days over the next three years. 

Meeting these requirements is also essential for those aiming to qualify for permanent residency or Portuguese citizenship after five years.

Conclusion: Why the Portugal Golden Visa Remains a Smart Move for 2025

In 2025, the Portugal Golden Visa offers one of the most attractive residency-by-investment options for high-net-worth individuals, particularly U.S. citizens. 

With minimal stay requirements, access to the Schengen Area, and a clear path to EU citizenship after five years, Portugal’s Golden Visa presents holders with flexibility that few other programs offer. Investors gain the right to live, work, and study in Portugal, including healthcare, education, and market access. 

ABOUT THE AUTHOR

Picture of Jean-François Harvey

Jean-François Harvey

Jean-François Harvey is recognized internationally as an expert in immigration law, and he brings a wealth of experience in providing comprehensive immigration law services to corporations and high net worth individuals.

Read the full bio

Table of Contents

Article Form Right Side

Request a price breakdown
and eligibility evaluation

Contact us

With over 30 years of immigration experience, each of Harvey Law Group’s lawyers carefully studies each client’s needs, resources and determines the immigration solution that best aligns with our client’s vision and values.

General Form Bottom