Portugal · Residency by Investment

Portugal Golden Visa

A European residency pathway designed for investors and families seeking greater global mobility.

Investment from€500,000

Overview

Portugal’s Residence Permit for Investment (ARI) grants residence to non-EU investors and their families in exchange for a qualifying investment, with light physical-stay requirements.

Since 7 October 2023 (Law 56/2023), real estate purchases no longer qualify. Investors now qualify through a €500,000 subscription to a regulated Portuguese investment fund.

Who it may suitFamilies wanting a European base without relocating immediately · Investors comfortable with a regulated fund investment

01
Minimal stay
7 days in the first year and 14 days in each following two-year period.
02
Family inclusion
Spouse, children and dependent parents can join through family reunification.
03
Schengen access
Residence permit holders can travel within the Schengen area for short stays.
04
A long-term option
Permanent residence and, later, citizenship are possible under the laws in force at the time.

Investment

The qualifying routes.

The route MGC works on. Portugal’s ARI also has other routes; real estate no longer qualifies (Law 56/2023).

€500,000
Investment funds
Non-real-estate Portuguese funds with at least five years’ maturity and at least 60% invested in Portuguese companies.

Process

How it works.

01
Preparation
- Private consultation and route selection
- Portuguese tax number (NIF) and bank account
- Investment made
02
Application
- Application via the official ARI portal
- Biometrics with AIMA in Portugal
- Residence permit issued
03
Renewal
- Renewals while the investment is maintained
- Minimum-stay requirement met
04
Long term
- Permanent residence or citizenship under the rules in force

Family

Who can be included

Spouse
Children under 18, or 18 to 25 if dependent, unmarried and studying
Dependent parents of the investor or spouse
Each family member receives their own residence permit

Eligibility

What you’ll need

Non-EU/EEA/Swiss national
Clean criminal record
Qualifying investment made and maintained
Minimum stay: 7 days in year one, 14 days in each subsequent two-year period

Before you decide

Good to know.

*Portugal’s Nationality Law was amended by Organic Law 1/2026, in force since 19 May 2026: naturalisation now requires 10 years of legal residence (7 for EU and CPLP nationals). Applications already pending on that date follow the previous law.
Fund investments carry market and liquidity risk; select funds with independent advice.
Tax residency depends on your actual presence and ties — take tax advice.

FAQs

Can I still buy property for the Portugal Golden Visa?

No. Since 7 October 2023 (Law 56/2023), real estate purchases no longer qualify.

How much time must I spend in Portugal?

7 days in the first year and 14 days in each subsequent two-year period.

How long until citizenship?

Under Organic Law 1/2026, in force since 19 May 2026, naturalisation requires 10 years of legal residence (7 for EU and CPLP nationals), plus the law’s other requirements.

Information current as of 18 October 2026. Programme rules, investment thresholds, government fees and processing times are set by the relevant authorities and can change without notice. This page is a general overview, not legal, tax or investment advice. Final advice should be confirmed with the relevant legal and programme specialists before any commitment.

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