Portugal continues to attract international investors looking for European residency, greater global mobility and long-term opportunities for their families. Through its Residence Permit for Investment Activity programme, commonly known as the Portugal Golden Visa, eligible non-EU nationals can apply for Portuguese residency by making a qualifying investment in Portugal.
The programme is particularly relevant to investors who want to establish a European residency option without necessarily relocating to Portugal full-time.
But how do you get a Portugal Golden Visa in 2026? What is the minimum investment required? Can you still buy property to qualify? Which investment funds are eligible, and can your family obtain residency with you?
This comprehensive guide explains the Portugal Golden Visa requirements, qualifying investment routes, application process, potential benefits, costs and important considerations before investing.
Interested in Portugal residency by investment? Register your interest to discuss your investment objectives and explore potentially suitable options with our team.
What Is the Portugal Golden Visa?
The Portugal Golden Visa is the commonly used name for the Portuguese Autorização de Residência para Investimento (ARI), or Residence Permit for Investment Activity.
It is a residency programme that allows eligible non-EU, non-EEA and non-Swiss nationals to apply for a Portuguese residence permit by undertaking an investment activity that meets the applicable legal requirements.
Unlike conventional residency routes that may require an individual to relocate for employment, establish ordinary residence or operate a business in Portugal, the Golden Visa programme offers qualifying investors an alternative route based on investment.
Depending on their circumstances and the applicable rules, successful applicants may benefit from:
- The right to reside and work in Portugal under the conditions of their residence permit.
- Visa-free travel within the Schengen Area, subject to applicable entry and stay rules.
- Eligibility to apply for family reunification.
- A potential pathway to permanent residence, subject to the relevant legal requirements.
- The possibility of applying for Portuguese citizenship if all applicable nationality, residence and other requirements are met.
Important: A Golden Visa is a residence permit, not an automatic grant of permanent residence, citizenship or an EU passport. Each subsequent status has its own eligibility requirements.
Is the Portugal Golden Visa Still Available in 2026?
Yes. Portugal’s Golden Visa programme remains available in 2026 through qualifying investment activities.
However, the programme underwent significant changes in 2023. Purchasing residential or commercial property is no longer an eligible investment route for new Golden Visa applications under the revised framework.
Investors researching older articles should therefore be careful: information promoting a direct property purchase as a qualifying investment may be outdated.
The current programme includes qualifying investment funds, scientific research, cultural or national heritage contributions, job creation and certain investments in Portuguese companies.
Applicants must ensure that their chosen investment meets the relevant legal criteria. Simply investing in a Portuguese business or fund does not automatically make an applicant eligible.
For the current framework, consult the official AIMA Residence Permit for Investment Activity guidance and Portugal’s official investment portal.
What Is the Minimum Investment for Portugal Golden Visa?
The minimum investment depends on the route selected.
For investors considering the investment-fund route, the standard minimum qualifying investment is €500,000, provided the fund and investment meet the applicable legal conditions.
The main investment routes are summarised below.
| Investment route | General qualifying requirement |
| Investment funds | €500,000 in qualifying investment-fund units |
| Scientific research | €500,000 in qualifying research activities |
| Cultural or national heritage support | €250,000, subject to the applicable rules and qualifying recipients |
| Portuguese company investment | €500,000 in qualifying company capital, with applicable job creation or maintenance conditions |
| Job creation | Creation of at least 10 qualifying jobs, subject to applicable rules |
Reduced thresholds may be available for certain qualifying activities in designated low-density areas. Specific requirements differ by route.
These figures are qualifying investment thresholds, not the complete cost of obtaining residency. Applicants should also budget for applicable government fees, legal advice, documentation, translations, due diligence and other associated expenses.
1. Portugal Golden Visa Through Investment Funds
The investment-fund route is an option for investors who prefer exposure to a professionally managed investment vehicle rather than directly establishing or operating a business in Portugal.
Under the applicable framework, an investor generally needs to invest at least €500,000 in units of a qualifying Portuguese collective investment undertaking.
The investment must satisfy the relevant statutory conditions, including requirements concerning the fund’s maturity and its exposure to Portuguese companies. The fund must not be aimed directly or indirectly at real estate in the manner prohibited by the programme’s rules.
Before committing capital, investors should verify the fund’s structure, regulatory status, eligibility, investment strategy and documentation with qualified professionals.
Key considerations include:
- Whether the fund meets the applicable Golden Visa requirements.
- The identity and regulatory status of the fund manager.
- The underlying portfolio and investment strategy.
- Management fees, other charges and distribution policies.
- Investment duration, liquidity restrictions and exit conditions.
- Capital preservation risks and the possibility of financial losses.
A qualifying fund is not necessarily a low-risk fund, and Golden Visa eligibility does not guarantee investment returns.
2. Portugal Golden Visa Through Scientific Research
Eligible investors may qualify by contributing at least €500,000 to scientific research activities carried out by qualifying public or private institutions integrated into Portugal’s scientific and technological system.
A reduced threshold may apply to qualifying investments in designated low-density areas.
Investors considering this route should confirm that the receiving institution, the nature of the contribution and the supporting documentation satisfy the applicable requirements.
3. Portugal Golden Visa Through Cultural or Heritage Contributions
Another route involves qualifying investment or support for artistic production or the recovery and maintenance of Portugal’s national cultural heritage.
The general qualifying threshold is €250,000, subject to the applicable legislation. A reduction may be available for qualifying projects in designated low-density areas.
This route differs from a conventional financial investment and requires careful confirmation of the eligible activity and recipient.
4. Portugal Golden Visa Through Portuguese Companies
Investors may also qualify through certain investments in Portuguese companies.
The general framework includes a €500,000 company-capital route, subject to specific conditions relating to the creation or maintenance of qualifying jobs. The precise requirements depend on whether the investor establishes a new company or invests in an existing business.
This option may be relevant to entrepreneurs and investors who want to participate in Portuguese business activity, but the company structure and investment must meet the programme’s legal requirements.
5. Portugal Golden Visa Through Job Creation
The job-creation route allows eligible applicants to qualify by creating at least 10 jobs, subject to the programme’s applicable conditions. Certain qualifying low-density locations may have a reduced job threshold.
This route may suit entrepreneurs who intend to establish or expand business operations in Portugal and can meet the employment requirements.
Can You Buy Property for Portugal Golden Visa?
No. A direct property purchase is no longer an eligible qualifying investment route for new Portugal Golden Visa applications under the changes introduced in 2023.
This is an important distinction for investors comparing European residency-by-investment programmes.
Although property ownership may still be relevant to an individual’s broader financial or relocation plans, purchasing property in Portugal alone does not qualify a new applicant for the Golden Visa.
Investors should not assume that a property-linked investment fund qualifies either. The relevant fund must independently satisfy the programme’s legal requirements, including the restrictions applicable to real-estate exposure.
Portugal Golden Visa Requirements in 2026
Eligibility depends on the applicant’s nationality, personal circumstances, investment route and supporting documents.
Applicants should generally be prepared to provide documentation relating to the following areas:
1. Valid identification
A valid passport or other accepted travel document is required.
2. Qualifying investment
The applicant must demonstrate that the investment meets the applicable minimum amount and legal conditions for the chosen route.
3. Source of funds
Applicants should be prepared to document the origin and transfer of their investment capital, together with any additional financial information required during the process.
4. Criminal-record documentation
Relevant criminal-record certificates and declarations may be required, subject to the applicable rules and documentation standards.
5. Health coverage
Applicants must meet the applicable health insurance or healthcare coverage requirements.
6. Tax and social security documentation
Where applicable, evidence of compliance with Portuguese tax and social security obligations may be required.
7. Application fees and supporting documents
Applicants must complete the relevant application procedures and pay the applicable administrative fees.
Additional documents may be required depending on the selected investment route and whether family members are included.
Because documentation rules and administrative procedures can change, applicants should confirm their individual checklist with AIMA or a qualified Portuguese immigration lawyer before submitting an application.
How to Get Portugal Golden Visa: Step-by-Step Application Process
The application process involves investment selection, due diligence, document preparation and the submission of a residence permit application.
Step 1: Assess Your Eligibility
Begin by confirming whether you meet the programme’s basic eligibility conditions.
Consider your nationality, personal circumstances, investment budget, family requirements and intended long-term plans.
You should also assess whether Portugal’s investment-based residency route is more suitable than other available residency options.
Step 2: Select a Qualifying Investment Route
Compare the available investment routes and determine which one fits your financial objectives and circumstances.
For investors considering the fund route, confirm that the fund and its underlying structure satisfy the relevant legal requirements.
Do not rely solely on promotional statements that an investment is “Golden Visa eligible.” Obtain appropriate supporting documentation and independent professional verification.
Step 3: Complete Investment and Legal Due Diligence
Before transferring funds, review the investment’s legal structure, financial risks, fees, liquidity provisions and exit arrangements.
Where relevant, verify the fund manager’s regulatory status and obtain independent legal advice regarding the investment’s suitability for the Golden Visa programme.
Investment eligibility and investment quality are two separate questions, and both deserve attention.
Step 4: Prepare the Required Documents
Gather the relevant identification, criminal-record, healthcare, tax and investment documentation.
Some documents may need certification, legalisation, translation or other formalities, depending on their origin and the applicable rules.
A complete and accurate application can help avoid preventable documentation problems.
Step 5: Submit the Application Through the Official Process
Applications are handled through the relevant Portuguese administrative process, including AIMA’s ARI Portal.
The application requires the relevant information and supporting documents for the investor and, where applicable, family members.
Follow the official instructions concerning submission, document uploads and administrative payments.
Step 6: Complete Any Required Appointment and Biometric Procedures
Applicants may need to attend an appointment for document verification and biometric collection, in accordance with the applicable procedure and appointment instructions.
The precise steps and scheduling arrangements should be confirmed through the official portal and relevant communications.
Step 7: Await Assessment and the Residency Decision
AIMA assesses the application and supporting evidence. Processing times can vary depending on the application, administrative workload, document completeness and other circumstances.
Applicants should avoid relying on guaranteed processing times or promises of automatic approval.
Once a decision is made, follow the official instructions concerning the residence permit and any subsequent formalities.
What Are the Benefits of Portugal Golden Visa?
The programme may appeal to international investors seeking a European residency option while maintaining business and personal commitments elsewhere.
European Residency Option
The Golden Visa offers qualifying investors a route to Portuguese residency based on an eligible investment.
Portugal may be attractive to people seeking access to a European country with international connections and established communities of foreign residents.
Schengen Area Travel
A valid Portuguese residence permit can facilitate short-stay travel within the Schengen Area, subject to applicable rules.
It does not grant an unrestricted right to live or work in every European Union country. Residence and employment rights outside Portugal depend on the laws of the destination country.
Family Reunification
Eligible family members may be included through the applicable family reunification process.
The relevant requirements and supporting documents depend on the relationship and individual circumstances.
Investors should confirm which family members qualify before making long-term plans.
Limited Physical Presence
The programme has historically provided a relatively low minimum-stay requirement compared with conventional residency routes.
AIMA’s published guidance specifies a minimum stay of at least seven days in the first year and at least 14 days in subsequent years, subject to the applicable rules and counting periods.
Applicants should verify the requirements that apply to their permits and renewal periods rather than assuming that every year follows the same schedule.
Potential Long-Term Residency Options
Portuguese residency may provide a basis for exploring permanent residence or citizenship in the future.
However, these are separate legal processes. Residence duration, continuity, language, documentation and other requirements may apply, and nationality rules can change.
Investors should obtain current legal advice before treating the Golden Visa as a route to citizenship or an EU passport.
Can You Obtain Portuguese Citizenship Through the Golden Visa?
The Golden Visa is a residency programme, not a citizenship-by-investment programme.
Eligible investors may potentially apply for Portuguese citizenship through naturalisation if they satisfy the nationality law and all other requirements in force at the time of their application.
The applicable residence period and other naturalisation conditions should be verified carefully. They should not be inferred from older Golden Visa articles or assumed to remain unchanged.
Anyone whose main objective is citizenship should assess the current legal framework independently before committing capital.
How Much Does Portugal Golden Visa Cost?
The total cost depends on the investment route, the number of applicants, government fees, professional services and other expenses.
For the investment-fund route, the €500,000 qualifying investment is only one component of the overall financial commitment.
Potential additional expenses include:
- Government application and residence permit fees.
- Legal advice and application assistance.
- Fund subscription, management or other investment-related charges.
- Document certification, translation and legalisation.
- Health insurance and other required documentation.
- Applicable renewal and family-member fees.
Ask for a transparent breakdown of the investment amount, professional fees, administrative charges and ongoing expenses before proceeding.
Also distinguish between the capital invested and costs that are paid to third parties and are not part of the investment itself.
Is Portugal Golden Visa a Good Investment?
The answer depends on your financial objectives, risk tolerance, liquidity needs and reasons for seeking residency.
For some investors, the programme offers a way to combine a qualifying investment with a potential European residency option. For others, the investment threshold, holding period, costs or legal requirements may make another route more appropriate.
Before investing, consider:
- Whether the investment is suitable for your overall portfolio.
- The possibility of losing part or all of the invested capital.
- The fund’s liquidity, fees and expected holding period.
- The legal eligibility of the investment.
- Your family’s residency and mobility objectives.
- Tax implications in Portugal and your country of tax residence.
- Your plans for living in Portugal or pursuing a future nationality application.
No residency programme removes the commercial risks of an investment. Seek independent legal, financial and tax advice before committing funds.
Portugal Golden Visa vs Other European Golden Visa Programmes
Portugal is one of several countries investors may consider when researching European residency by investment.
However, European Golden Visa programmes are not interchangeable. Each country has its own eligibility conditions, qualifying investment categories, residency rules, fees and long-term immigration framework.
When comparing programmes, evaluate:
- Minimum qualifying investment.
- Whether real estate is an eligible route.
- Family reunification provisions.
- Physical presence requirements.
- Rights of residence and travel.
- Renewal conditions.
- Potential routes to permanent residence or citizenship.
- Investment risk, fees and liquidity.
- Changes to immigration legislation.
A programe with a lower entry threshold may not necessarily be the best option for every investor. The right choice depends on the individual’s circumstances and priorities.
Frequently Asked Questions About Portugal Golden Visa
1. Is Portugal Golden Visa open in 2026?
Yes. Portugal’s Golden Visa programme remains available through qualifying investment routes, subject to the applicable eligibility and documentation requirements.
2. What is the minimum investment for Portugal Golden Visa?
The standard minimum for the qualifying investment-fund route is €500,000. Other routes have different requirements, including qualifying cultural contributions and job creation.
3. Can I get Portugal Golden Visa by buying property?
No. Direct property purchases are no longer a qualifying route for new applications under the revised programme.
4. Can my spouse and children obtain residency with me?
Eligible family members may be able to apply through the relevant family reunification process. The exact eligibility conditions and supporting documentation should be verified before applying.
5. Can US Citizens Apply for Portugal Golden Visa?
Yes. US citizens may apply for the Portugal Golden Visa by making a qualifying investment and meeting the applicable immigration requirements. They should also consider US tax obligations and reporting requirements relating to foreign investments.
6. Can Canadian Citizens Apply for Portugal Golden Visa?
Yes. Canadian citizens may be eligible for Portugal’s residency-by-investment programme if they satisfy the applicable requirements. They should assess the investment options, documentation requirements and potential Canadian tax implications before proceeding.
7. Can UAE Residents Apply for Portugal Golden Visa?
Yes. UAE residents may be eligible to apply for the Portugal Golden Visa, provided they meet the programme’s nationality, investment and other legal requirements. Living in the UAE does not automatically qualify or disqualify an applicant; eligibility depends on their individual circumstances.
8. Can South African Citizens Apply for Portugal Golden Visa?
Yes. South African citizens may apply for the Portugal Golden Visa, subject to the programme’s eligibility conditions. Applicants should prepare the required identity, criminal-record and investment documentation and verify any applicable certification or translation requirements.
9. Can Australian Citizens Apply for Portugal Golden Visa?
Yes. Australian citizens may be eligible to apply through a qualifying investment route. They should assess the investment requirements, application procedures and potential Australian tax implications before committing funds.
10. Can Saudi Arabian Citizens Apply for Portugal Golden Visa?
Yes. Saudi Arabian citizens may be eligible to apply for the Portugal Golden Visa if they meet the applicable nationality, investment and documentation requirements. They should verify the relevant procedures and documentation requirements with qualified Portuguese immigration professionals.
11. Can Indian citizens apply for Portugal Golden Visa?
Indian citizens may be eligible if they meet the applicable third-country national, investment and other legal requirements. Eligibility is assessed individually, and an investment does not guarantee approval.
12. Do I need to live in Portugal full-time?
The programme has a relatively limited minimum physical-presence requirement. Applicants must nevertheless comply with the applicable stay, renewal and residence permit conditions.
13. Does Portugal Golden Visa guarantee citizenship?
No. Citizenship is a separate legal process subject to the nationality law and requirements in force when the application is made.
14. How long does Portugal Golden Visa take?
Processing times vary depending on administrative workload, documentation, appointment availability and the circumstances of the application. No fixed timeline should be treated as guaranteed.
15. Is Portugal Golden Visa the same as an EU passport?
No. A Portuguese residence permit is not a passport and does not automatically grant citizenship or unrestricted residence and employment rights across the EU.
16. Can I invest in a fund and receive guaranteed returns?
No. Golden Visa eligibility does not guarantee financial returns or capital protection. Investment funds carry financial risks, and prospective investors should review the fund documentation and obtain independent advice.
17. How do I start the Portugal Golden Visa application?
Start by assessing your eligibility, comparing qualifying investment routes and obtaining appropriate legal and investment advice. You can also register your interest with our team to discuss your objectives and potential next steps.
Explore Portugal Residency by Investment
Portugal Golden Visa may be worth exploring if you are an international investor seeking a qualifying investment route to Portuguese residency.
The most appropriate option will depend on your nationality, investment budget, financial objectives, family circumstances and long-term plans.
Understanding the programme’s current rules before investing is essential. Carefully review the eligibility conditions, investment structure, costs and risks, and obtain independent professional advice before making a decision.
Ready to explore your options?
Register your interest to discuss your objectives, understand the qualifying investment routes and identify the appropriate next steps for your circumstances.
Register Your Interest in Portugal Golden Visa
Disclaimer: This article is provided for general informational and educational purposes only. It does not constitute legal, immigration, tax or investment advice, nor an offer or recommendation to invest in any specific product. Eligibility, investment requirements, fees and immigration rules may change. Approval is determined by the competent Portuguese authorities. Investors should independently verify the applicable requirements and consult qualified professionals before making a decision.
Official resources