The Residence Authorization Program for Investment (ARI), more commonly referred to as Golden Visa Portugal was launched in 2012. As of 2021, the program granted residence permits to almost 9,500 main applicants and more than 15,000 dependent family members. Chinese, Brazilian, Turkish, South African, and Russian applicants represent the highest number of applicants in descending order.
In 2020, the Portuguese Parliament allowed a number of changes to be implemented in the program. Due to the global Covid-19 pandemic, the changes are expected to take effect only later in 2021. We will cover the details of the changes later on in this article.