Why Indian HNWIs Are Turning to Portugal’s Golden Visa
Since 2024, there has been a noticeable trend among high-net-worth individuals (HNWIs) from India seeking overseas migration opportunities. Traditionally favored destinations like the US, UK, Canada, and Australia have continued to attract significant numbers of Indian HNWIs due to their robust economies and business opportunities.
However, a noteworthy shift in this landscape is the increasing interest among Indian HNWIs in obtaining a Portugal passport through Portugal’s Golden Visa program. This program provides a clear pathway to obtaining a Portugal passport for Indian nationals through investment or other qualifying assets.
Portugal’s appeal lies in its favorable tax environment, strategic EU membership, and the flexibility provided by the Golden Visa program, which allows visa-free travel within the Schengen Area.
Where do Indians generally migrate?
Overall, while traditional destinations remain strong contenders, the emergence of programs like Portugal’s Golden Visa underscores a diversification in destination choices among Indians migrating abroad. High net worth individuals from India are increasingly seeking opportunities to secure a Portugal passport for Indian citizens and leverage the benefits of EU citizenship. This diversification is driven by a desire for global mobility, access to superior healthcare and education, and strategic investment opportunities in stable and welcoming environments.
The growing presence of Indians in Portugal highlights a significant trend in migration patterns. As of 2023, there are approximately 90,000 Indians residing in the country, making them one of the largest foreign communities alongside Brazilians and other Europeans. This influx is largely attributed to favorable immigration policies, such as the Portugal Golden Visa program, which allows Indian nationals to obtain residency through investment in Portugal.
In 2020 alone, 6,484 Indians were granted residence permits, reflecting their increasing integration into Portuguese society. The program not only provides access to the benefits of EU citizenship but also fosters economic contributions and cultural diversity within Portugal. With a thriving community and supportive government initiatives, Indians migrating to Portugal are finding new opportunities for personal and professional growth.
New Investment Options Explained
As of 2024, the Portugal Golden Visa program has undergone significant changes, eliminating real estate investments as an option. Prospective investors can now choose between two primary pathways: investing a minimum of €500,000 in a Portuguese Investment Fund or Venture Capital Fund, which must have a maturity of at least five years and invest at least 60% in commercial companies based in Portugal.
Alternatively, individuals can opt to make a €250,000 donation aimed at supporting artistic production and preserving the national cultural heritage through qualified public entities or private foundations. These new investment avenues reflect Portugal’s commitment to fostering economic growth and cultural preservation while providing a pathway to residency for international investors.
Why Portugal Appeals to Indian Citizens?
Indian citizens are increasingly choosing Portugal as their preferred destination—and for good reason. Three main factors contribute to Portugal’s growing popularity:
- A Simple and Accessible Golden Visa Program
Portugal’s Golden Visa offers a clear and accessible path for Indian citizens. With minimal residency requirements, the process is far more straightforward than in many other EU countries. - An Appealing Lifestyle and Environment
Portugal is known for its stunning landscapes, rich culture, and excellent quality of life. Whether it’s a lively city or quiet countryside, the country offers something for every lifestyle. - A Pathway to European Citizenship
After just five years of holding the Golden Visa and meeting the requirements, you and your family may become eligible for Portuguese citizenship.
Can Indian Citizens Bring Their Families?
Yes. The Golden Visa allows you to include your spouse, dependent children, and the parents of both you and your spouse. Residency is initially granted for five years and can be renewed, potentially leading to permanent residency or citizenship.
What Are the Benefits of Portuguese Residency and Citizenship for Indian Citizens?
With a Portuguese residency permit, Indian citizens can:
- Live, work, and study in Portugal.
- Access free or low-cost public education up to age 18.
- Benefit from a modern and affordable healthcare system.
- Enjoy visa-free travel across the Schengen Area.
Is Portugal a Good Place for Indian Citizens to Live?
Yes. Portugal offers excellent infrastructure, a safe and welcoming environment, and a high quality of life. Whether you live in a city or rural area, services are easily accessible and reliable.
What Is Portugal Like?
Portugal enjoys a pleasant Mediterranean climate, with average temperatures ranging from 17°C to 26°C (60°F to 80°F). Its diverse landscape includes mountains, forests, beaches, vineyards, and historic towns.
What Is the Lifestyle in Portugal?
From ancient castles to world-class restaurants and vibrant arts and culture, Portugal offers a relaxed, enriching lifestyle. It’s widely regarded as one of Europe’s most enjoyable and livable countries.
What Is the Cost of Living in Portugal?
Portugal is one of the most affordable countries in Western Europe, ranking 26th on the Numbeo Cost of Living Index. It’s significantly less expensive than countries like Germany, France, or the UK.
How Are Taxes for Indian Citizens in Portugal?
Portugal offers competitive tax rates and ranks 21st in Europe. Even better, many Indian citizens can take advantage of the Non-Habitual Resident (NHR) tax regime, which provides up to 100% tax exemption on certain foreign-sourced income for 10 years.
Read Also: Portugal Golden Visa: A Strategic Investment in 2025
What are the benefits of a Portuguese citizenship?
In terms of travel, the Portuguese passport is one of the best in the world. The residency permit gives you the right to travel anywhere in the Schengen area visa free for 90 in every 180 days.
Once you get Portuguese citizenship and its passport, then things get even better. According to Visaindex.com Portugal’s passport ranks 5th in the world and gives visa free or visa on arrival access to 189 countries.
Only 57 countries give the Indian passport visa free access, ranking it 84th.
If you are considering the Portugal Golden Visa as a pathway to European residency and potential citizenship, now is the perfect time to explore this opportunity. With recent updates simplifying the application process and offering clear investment options, you can benefit from minimal stay requirements while paving your way to a powerful Portuguese passport.
If you’re interested in pursuing the Portugal Golden Visa or exploring other citizenship and residency by investment programs, we invite you to contact our office in Ahmedabad.
We are dedicated to providing expert guidance tailored to your unique needs. You can reach us at:
Our experienced team is ready to assist you in navigating the complexities of the Golden Visa process and ensuring a smooth application experience.
Read Also : Europe Golden Visa Programs: Status Update for 2025
Portugal Golden Visa FAQ
What is the Portugal Golden Visa?
The Portugal Golden Visa is a residency-by-investment program allowing Indian citizens to obtain residency by making qualifying investments. Harvey Law Group offers expert guidance to help you navigate this process smoothly.
What are the investment options for Indian applicants in 2024?
Since 2024, the program offers two main routes: a €500,000 investment in Portuguese funds or a €250,000 donation to cultural projects. Harvey Law Group can help you choose the best investment strategy tailored to your needs.
Can Indian citizens apply with their families?
Yes. The Golden Visa allows including your spouse, dependent children, and parents. Harvey Law Group assists Indian families in preparing a complete application that secures residency for all eligible family members.
What are the residency requirements for Indian applicants?
Minimal stay requirements include spending 7 days in Portugal during the first year, and 14 days every two years thereafter. Harvey Law Group ensures you understand and meet all residency obligations.
How long does it take to get Portuguese citizenship?
After 5 years of residency under the Golden Visa program, Indian citizens may apply for citizenship. Harvey Law Group provides comprehensive support through the entire citizenship application process.
What benefits does residency offer Indian citizens?
Residency permits you and your family to live, work, and study in Portugal, enjoy access to healthcare, and travel visa-free within the Schengen Area. Harvey Law Group helps Indian applicants maximize these benefits.
How does the Non-Habitual Resident (NHR) tax regime benefit Indian investors?
The NHR program can exempt up to 100% of certain foreign income from Portuguese tax for 10 years. Harvey Law Group can advise Indian clients on optimizing their tax planning under this regime.
Is Portugal a good place for Indian families to live?
Yes. Portugal offers excellent infrastructure, safety, quality education, and a welcoming community. Indian families can rely on Harvey Law Group for local insights and relocation assistance.
How does Harvey Law Group assist Indian citizens with the Portugal Golden Visa?
Harvey Law Group provides expert, personalized support for Indian investors — from initial consultation to submitting applications, managing investments, and securing residency or citizenship in Portugal.
Why should Indian investors choose Harvey Law Group?
With offices worldwide and deep expertise in immigration law, Harvey Law Group offers trusted, transparent service and a proven track record helping Indian investors successfully obtain the Portugal Golden Visa.
