In 2026, Portugal’s Golden Visa program, also known as the Investment Visa, still protects its place as one of the most popular European residency by investment options. The minimum investment amount is €200,000 for cultural and artistic donations and €500,000 for fund investments, with a minimum 7-day per year physical presence requirement. Since its launch in October 2012, the program has granted residency to more than 12,000 international investors and their families, raising more than €7.5 billion in foreign investment.
Portugal Residency by Investment continues to offer numerous benefits in 2026, including visa-free travel within the Schengen Area, the ability to live and work in Portugal, and, most importantly, the potential opportunity to apply for permanent residency after 5 years of legal residence, subject to the applicable laws in force at the time. Additionally, although it is not a citizenship by investment program, it remains popular as a Plan B option for a path to citizenship eligibility in 2026 and offers a strong pathway, provided the legal requirements and timelines in force at the time of eligibility are met.
May, 2026: Proposed Portuguese Citizenship Timeline Changes
In 2026, Portugal approved revisions to its nationality law that may affect Golden Visa holders seeking Portuguese citizenship through naturalization.
The approved changes include:
- Extending the general citizenship eligibility period from 5 years to 10 years for most applicants (7 years for EU and CPLP nationals).
- Starting the residence counting period from the issuance of the residence permit.
On May 3, 2026, President António José Seguro signed the revised nationality law approved by Parliament following the April 1 vote.
Is it Law Yet?
- The law is expected to enter into force following its publication in the Diário da República.
The President also referred to concerns around fairness for existing applicants and administrative delays. The practical effect of these statements will depend on the final published law and subsequent implementation.
At this stage, the proposed changes relate to citizenship eligibility timelines and do not alter the residency rights granted under the Portugal Golden Visa program. The Golden Visa residence permit framework and minimum stay requirements remain unchanged.
Despite the nationality law reform, Portugal continues to be one of the few EU residency-by-investment programs that may provide a long-term pathway to Portuguese citizenship without requiring full-time physical residence, subject to the nationality laws in force at the time of application.
For more details about the Portugal Golden Visa 2026 Changes, please click here.
What to Discover in This Guide?
- What is the Portugal Golden Visa?
- Top 6 Benefits of the Portugal Golden Visa Program
- Who Is Eligible to Apply for a Golden Visa in Portugal?
- Portugal Golden Visa Investment Options
- Portuguese Golden Visa Requirements
- How To Get a Golden Visa in Portugal: Application Process
- Portugal Golden Visa Processing Time in 2026: PR and Citizenship
- Portugal Golden Visa Costs Fees in 2026
- Portugal Golden Visa in 2026: What to Expect?
- Important Update: Portugal Golden Visa in 2025 with the Proposed Changes
Portugal Golden Visa: News & Updates in 2026
- Portugal Golden Visa remains one of Europe’s most established residency-by-investment programs
- Portugal Golden Visa minimum investment amount ranges from a €200,000 donation (roughly $291,900) to a €500,000 investment in a fund (roughly $584,475) to apply for residency under the Portugal Golden Visa program in 2026.
- It is a Portuguese residency by investment program that allows eligible non-EU, non-EEA, and non-Swiss nationals to obtain and renew Portuguese residency permits, with a renewal option as long as they meet the requirements of the program.
- The program generally requires an average physical presence of 7 days per year.
- The key benefit of the program is that historically, eligible applicants have generally been able to apply for permanent residency after 5 years of legal residence, subject to the applicable laws at the time, which may allow investors to reassess their investment structure at that stage. It means that from that point onward, you are no longer required to maintain the investment.
- The Portuguese Golden Visa offers a range of a range of investment routes, including company creation, donations, and investments in funds.
- Portugal Golden Visa processing times in 2026 may vary considerably depending on application volume and AIMA scheduling, but are often estimated at approximately 12–36 months.
- Once you have acquired your Golden Visa residence card, you are only required to meet the program’s minimum stay requirement.
- The Portuguese Golden Visa Program provides visa-free access to the Schengen Area.
*The timeline for citizenship is subject to change.
What is the Portugal Golden Visa?
The Portugal Golden Visa program, also known as the residence permit for investment activity (ARI), is a residency-by-investment scheme for non-EU citizens.
Portugal launched the program in October 2012. The main objective was to attract foreign investment into the country, as it was much in need after the 2008 economic crisis. The program has been a great success, raising over €7.5 billion since then.
Portugal offers a dreamy landscape, a wide coastline, a sunny climate, hospitable people, and delicious cuisine. Better yet, it provides this high quality of life at a very affordable cost of living compared to other Western European countries. These factors make Portugal a very attractive destination for international investors to invest in and obtain the right to live, work, and study in the country.
Furthermore, the Portugal Golden Residence Permit program may allow eligible applicants to apply for permanent resident in Portugal and, subject to the nationality laws in force at the time, Portuguese citizenship.
Your Guide to Portugal Investor Visa in 2026
At Get Golden Visa, we have assisted hundreds of investors and families from 48 different nationalities with their Portugal Golden Visa journey since 2014. Our multilingual team supports clients throughout the process by:
- Helping them understand and compare eligible investment routes based on their objectives and preferences
- Coordinating and guiding them through the Portugal Golden Visa application process together with licensed legal and financial professionals where applicable
Get in touch with our global mobility advisory team to discuss your eligibility, investment options, and the overall Portugal Golden Visa process. Our consultants are available to answer your questions and help you navigate the process in a clear and efficient manner.
You can schedule a video call at a time convenient for your time zone, including US business hours.
Top 6 Benefits of the Portugal Golden Visa Program
You can qualify for residency by investing a minimum of €200,000 in a donation or €500,000 in a fund subscription, which is one of the strategic investment thresholds in European Union countries. Apart from this, you can see the other benefits of the Portuguese residency by investment below:
1. Visa-Free Travel
The Portugal Golden Visa permits you to enter the Schengen Area central system. So, you can freely travel within Europe without an additional visa.
Once you become eligible for and successfully obtain Portuguese citizenship, you may apply for a Portuguese passport. The Portuguese passport is one of the world’s strongest passports and currently provides visa-free or visa-on-arrival access to numerous countries worldwide.
2. Living, Working, and Studying in Portugal
The Golden Visa Portugal program allows you to live, work, and study in Portugal. If you decide to live in Portugal full-time with your Portuguese Golden Visa, then you will be required to have medical insurance. You will, however, have full access to all public services, including healthcare and education.
State schools follow the Portuguese curriculum, though there are numerous private British and American international schools.
The work permit allows you to work anywhere, as well as start and run your own business in Portugal.
3. Family Reunification
As the main applicant, you may extend your Portugal Investment Visa to your family members. The application process is simultaneous for the main applicant and the dependents.
4.Permanent Residency & Citizenship
Historically, Golden Visa holders have generally become eligible to apply for permanent residency after five years of legal residence in Portugal, subject to the applicable immigration laws in force at the time. Once permanent residency is obtained, investors may no longer need to maintain the qualifying investment, subject to the applicable legal requirements at the time.
As for citizenship, historically, applicants have generally become eligible to apply for Portuguese citizenship after 5 years of legal residence, provided they meet the following conditions:
- Compliance with applicable Portuguese legal and tax obligations,
- Clean criminal records from Portugal and your home country,
- Proof of A2-level Portuguese language proficiency.
Later in the article, we will touch on the specifics of the Portuguese language test.
Important Note: In 2026, Portugal approved revisions to its nationality law that extend the general citizenship eligibility period from five years to ten years for most applicants (or seven years for EU and CPLP nationals).
As implementation details and transitional rules may evolve, applicants should verify the latest requirements with official Portuguese authorities and their legal advisors before applying.
5. Tax Benefits
Holding a Portugal Golden Visa does not automatically make an individual a Portuguese tax resident. In many cases, Portuguese tax residency may arise if a person spends more than 183 days in Portugal within a 12-month period or otherwise establishes habitual residence there.
Portugal continues to attract international residents due to its lifestyle, international accessibility, and evolving tax framework. Although the original Non-Habitual Resident (NHR) regime is no longer available for new applicants, alternative tax incentives and special regimes may still apply in certain situations.
As tax treatment depends on individual circumstances, applicants should seek independent tax advice before relocating or making investment decisions.
6. Overall Benefits
As a Portuguese Golden Visa applicant, you have the right to live and work in Portugal, but there is no requirement to do so. The country offers a favorable tax regime for those relocating to Portugal.
With your Golden Visa, you can enjoy free travel within the Schengen Area. After holding a Golden Visa for five years, you can be eligible to apply for permanent residency in Portugal. Once the required number of years has passed, you can then be eligible to apply for citizenship, which can lead to a passport.
The Portuguese passport by investment allows you to live, work, and study anywhere within the European Union.
Who Is Eligible to Apply for a Golden Visa in Portugal?
The Main Applicant Requirements
Below, you will find Portugal Golden Visa requirements for the main applicant:
- Any non-EU/EEA/Swiss national can apply for the Portugal Golden Visa.
- You must be at least 18 years old.
- Hold a clean criminal record from your home country, as well as from Portugal.
- Investment funds must originate from lawful sources and comply with applicable due diligence and anti-money laundering requirements.
- To qualify for Portugal’s Golden Visa, a qualifying investment has to be made. Investment categories include venture capital fund, company formation/employer responsibilities, and donation. Later on in this guide, you can find a list of qualifying investments.
Family Members
Under family reunification, you may extend the Portugal Residency by Investment program to the rest of the family members:
- Spouse,
- Children under the age of 18,
- Dependent children under the age of 26, provided that they are full-time students and not married,
- Parents of the main applicant, if over 65 years of age.
Portugal Golden Visa for Americans
The Portugal Golden Visa for Americans has been a popular choice, especially for those looking for EU residency by investment. To support this claim, in 2025, Americans ranked as the top nationality investing in Portugal, based on Get Golden Visa’s investment figures.
Although the real estate route was once quite popular among many nationalities, American Golden Visa applicants have traditionally preferred to invest in a qualifying private equity or venture capital fund.
American business owners may also choose to expand into Portugal, leveraging the Golden Visa program. Portugal’s tax incentives make it an attractive destination for relocation.
Portugal Golden Visa for British Applicants
British investors in the UK and around the world are planning for the repercussions of Brexit on their travel plans. In 2021, UK passports lost their freedom of movement in the Schengen Area.
UK citizens target Portugal for three reasons: travel rights across Europe, a desirable lifestyle, and a potential long-term pathway to European citizenship eligibility.
As of January 1st, 2021, UK citizens became eligible to apply for Portugal’s Golden Visa program. Once UK-Portugal Golden Visa applicants get their residency card, they are granted the right to travel within the Schengen Area.
Get Golden Visa: Who We Are and How We Can Help You
Get Golden Visa is a bespoke global mobility advisory firm. Contact us and talk to one of our experienced team members to help you with any and all your questions in your quest for Portugal Golden Visa.
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Portugal Golden Visa Investment Options
The Portugal Golden Visa program offers different investment options. Below, you can see the available options in 2026:
| Investment Options | |
|---|---|
| Option | Minimum Investment |
| Fund Subscription | €500,000, roughly $584,475 |
| Company |
|
| Donation |
|
1. Fund Subscription
A minimum of €500,000 subscription is required in a qualifying Portugal Golden Visa fund option, including private equity funds and venture capital funds in various sectors. This route has totaled €260.85 million between 2019 and 2024, reaching its peak after the elimination of the real estate route in 2023. Therefore, it stands out as one of the most widely used investment routes for many Portugal Golden Visa investors who prioritize diversification, professional fund management, and long-term planning.
The list of qualifying Portugal Golden Visa investment funds:
- Includes Private Equity and Venture Capital funds in Portugal
- Excludes any fund that has direct or indirect real estate ties.
Why invest in Portugal for a Golden Visa through investment funds?
- Qualifying Portugal Golden Visa funds are regulated by the Portuguese Securities Market Commission (CMVM).
- Compared to other investment routes for the Portugal Golden Visa program, certain funds may offer the potential for capital appreciation, depending on market conditions and the fund strategy.
- Diversification is another important factor driving investors’ preference for this option. Depending on the fund strategy, investors may gain exposure to diversified sectors and asset classes.
- Depending on the fund’s focus, some funds may target capital growth or income generation, depending on their investment mandate and market performance, compared to other Golden Visa investment options
- The fund route involves a different fee structure and operational profile compared to the former real estate route.
- You do not have to manage the fund, with the investment managed by the fund’s licensed management team.
At Get Golden Visa, back in 2019, when real estate investment was valid, our team was among the first companies to introduce the fund route. As of 2026, we work with more than 50 regulated investment funds eligible for the Portugal Golden Visa program, working with investors to help them understand and compare a broad range of qualifying options.
As with any investment, returns are not guaranteed and investors should carefully review all fund documentation and seek independent legal, tax, and financial advice before investing.
We regularly publish Funds Outlook reports to provide an independent outlook of the Portugal Investment Funds market. In the Funds Outlook Report 2026, we examined how the Portugal Golden Visa funds have evolved in 2026. To get your copy, please click the button below.
2. Company
Creation of a minimum of 10 new full-time jobs in a Portuguese business that is owned by you as the main applicant.
- Create a minimum of eight new full-time jobs in a Portuguese business formed in a low-density area in Portugal, owned by the main applicant.
- Invest a minimum of €500,000 in an existing Portuguese business, where the incorporated business must create a minimum of five new full-time jobs for at least three years.
3. Donation
The Cultural Donation option has seen a significant increase in recent years. This shows that it is becoming an appealing option for investors looking for affordability, rather than capital preservation or appreciation, as it is a one-time, non-refundable donation to Portuguese art and culture.
Also known as Portugal Cultural Golden Visa, the donation option includes:
- Invest a minimum of €250,000 in preserving national heritage in Portugal (the minimum investment amount lowers to €200,000 in low-density areas)
- Invest a minimum of €500,000 in a research and development activity in Portugal.
Investment Options That Are No Longer Available
As of October 2023, the program no longer accepts real estate purchases or real estate-related funds as qualifying investments.
Real Estate Investment:
- Acquire real estate worth more than €500,000 in Portugal,
- Acquire real estate that is older than 30 years old, in an urban rehabilitation area, and renovate it for a minimum of €350,000 in Portugal.
- If in a low-density area in Portugal, the minimum amount drops 20 percent to €280,000
- Capital transfer of €1,5 million or over to Portugal.
Portuguese Golden Visa Requirements
Minimum Physical Residence Requirement for Portugal Golden Visa
The Portugal Golden Visa program has a low stay requirement. Portugal imposes minimum stay requirements on Golden Visa residents, which is to spend an average of 7 days per year in the country.
| Golden Visa Residence Permit | ||
|---|---|---|
| Permit Type | Validity Period | Stay Requirement |
| Initial GV Residence Permit | Two (2) years | Fourteen (14) days within two years |
| Subsequent GV Residence Permits | Two (2) years | Fourteen (14) days within two years |
Important Note: As of April 2020, the initial residence permits became valid for two years (used to be one year), and the subsequent permits became valid for two years each. This was due to a legislative change in the Portuguese immigration law.
In case the change is permanent, it is expected that the initial card that is valid for two years will require the cardholder to spend at least 14 days within those two years physically in Portugal.
Then the renewal cards will also be valid for two years each, and the applicants will need to spend at least 14 days physically in Portugal within the two years.
Make and Maintain a Qualified Investment for the duration of the Golden Visa period
Applicants are required to provide evidence that they have completed and maintained a qualifying investment in accordance with the Portugal Golden Visa regulations. The qualifying investment must generally be maintained throughout the applicable Golden Visa residence period.
Historically, once permanent residency or Portuguese citizenship has been obtained, investors have generally no longer been required to maintain the qualifying investment, subject to the applicable legal requirements in force at the time.
Proper Documentation
You need to provide the following documents to apply for the Portugal Golden Visa Program:
- 1) Copy of a passport or other government-issued travel document,
- 2) Proof of evidence of the qualifying investment made by the main applicant individually:
→ If an investment fund, proof of fund subscription from the fund manager.
- 3) Declaration from a Portuguese financial institution confirming the transfer of funds,
- 4) Proof of healthcare coverage:
- → If in Portugal, from the National Health System in Portugal,
- → If outside of Portugal, from an internationally covered insurance company.
- 5) Criminal record of the current country of residence,
→ Must be issued within three (3) months of the form submission.
- 6) A completed Portugal Golden Visa application form authorizing SEF to access criminal records in Portugal,
- 7) A sworn declaration of compliance with the minimum investment requirements for the necessary period of five years,
- 8) Documents outlining good standing with the Portuguese Tax and Customs Authority & Social Security system,
→ Must be issued within 45 days of the form submission.
- 9) Receipt of ARI application payment,
Unless otherwise stated, it is best to have the documentation issued within three months of your Golden Visa application submission.
Legalizing Documents
All the above documents issued by a non-Portuguese entity need to be legalized. The legalization must have an apostille if the subject country is part of the Hague Convention.
Translating Documents
Any original document that is not in Portuguese needs to be translated into Portuguese and certified. The certification is typically performed by a notary.
Related Fees
Below is a chart of Portugal’s Golden Visa government application fees;
| Fees and Payments | ||
|---|---|---|
| Fee Type | Frequency | Amount |
| Processing Fee | Once at the beginning and then at each renewal | €773.74 per applicant (+ €83 /dependent) |
| Initial Application Fee | Once at the beginning | €7,730 per person |
| Renewal Application Fee | At each renewal | €3,866 per person |
| Legal Fee | Progress payments | Differs between law firms and investment types |
Bank Account and NIF Number
Portugal requires you, the main applicant, to invest in your bank account in Portugal. Accordingly, you must have an account in a Portuguese bank. You must also have a NIF number, which is a tax identification number in Portugal, to open the account.
Both obtaining a NIF number and opening a bank account in Portugal are pretty straightforward. They can both be done in half a day.
Getting a NIF Number
- Get proof of address from your country of residence.
- Bring a government-issued identification and your proof of address to a Finanças office in Portugal.
- Get your NIF number on the spot within an hour.
You can also provide your lawyer with a power of attorney, and they can complete this step without you even being present in Portugal.
Opening a Portuguese Bank Account
Unlike many countries in the world, Portuguese banks make it quite easy to open a bank account for non-residents and foreigners. The banking and maintenance fees are also quite low compared to the rest of Europe. Just follow the steps below:
What you will need:
- Passport or government-issued travel document,
- NIF number,
- Portuguese phone number,
- Proof of address from your country of residence,
- Proof of income/payslip,
What will you do?
- Go to the bank branch and open your account.
Simple as that. Typically, each law firm has one or more banks and branches they work closely. It is best to get their advice in order to keep things moving quickly.
8 Steps: How To Get a Golden Visa in Portugal: Application Process
The Golden Visa application in Portugal is quite straightforward. If you take the necessary steps, such as investing, completing legal requirements, and providing the right documentation, you’ll have a successful Portugal Golden Visa application.
Check the steps below for more clarification.
Step 1: Speak to Get Golden Visa Team
First things first. You need to analyze the list of available investment types and decide on which investment you will move forward with.
Tip: The Portuguese investment fund option has also gained traction in recent years and is now the most popular investment method.
Step 2: Gather All Necessary Documents
You need to gather all necessary documents for yourself (the main applicant) and, if any as for your dependents. This step may get a bit tiring, especially with all the translations, notarizing, apostilles, and certifications.
However, a professional advisor will help alleviate the boredom.
Step 3: Get a NIF and Open a Bank Account
As mentioned above in the article, getting a NIF and opening a bank account in Portugal can both be done within a day. This is a task that you can delegate to your lawyers to complete without your presence in the country.
Step 4: Finalize the Investment
Now that you have chosen which investment type to go with, it’s time to pay up and lock in your investment in Portugal.
Step 5: Submit Pre-Application
With your qualifying investment made and your paperwork ready, you will submit your pre-application online to AIMA. In most cases, your law firm will do this on your behalf and notify you if anything is missing.
In standard times, it takes roughly two months from the time you submit your documents until your appointment date.
Step 6: Schedule and Attend Your AIMA Appointment
After analyzing your pre-application, AIMA will provide you with a set of available dates for a biometrics appointment.
On the chosen appointment date, you and your dependents must physically appear at the corresponding AIMA office to submit your fingerprints and make your application official.
Step 7: Get Your Golden Visa and Renew
Bingo! You and your dependents receive your Golden Visa residence cards. Your law firm or professional advisor will collect the cards and send them to you. Each card is valid for 2 years, and at the end of its validity period, you will renew it to receive a new one.
In standard times, it takes roughly four months from your biometrics appointment until you receive your cards.
Step 8: Permanent Residency & Potential Pathway to Portuguese Citizenship
After you renew your initial Golden Visa card twice and complete the applicable legal residence period, you may become eligible to apply for permanent residency or Portuguese citizenship, subject to the legal requirements in force at the time of application.
Under the revised nationality law approved in 2026, the general citizenship eligibility period increases from 5 years to 10 years for most applicants (or 7 years for EU and CPLP nationals). Citizenship application processing times may vary significantly depending on administrative workload and the applicant’s individual circumstances.
Once you receive your permanent residence or your Portuguese passport, investors have historically generally no longer been required to maintain the qualifying investment, subject to the applicable legal requirements in force at the time.
At Get Golden Visa, our team supports clients throughout the Portugal Golden Visa process, from investment type selection coordination to residency applications and renewals.
*Applicants should check the law in effect at the time of submission for accurate details on rules and timelines.
Portugal Golden Visa Processing Time in 2026: PR Residency & Citizenship
The initial application and supporting documents are submitted online to Agência para a Integração Migrações e Asilo (AIMA), formerly the Serviço de Fronteiras e Estrangeiros (SEF). AIMA is the official immigration and border services office in Portugal. Once the application progresses through AIMA’s review process, applicants are scheduled for a biometric appointment in Portugal.
Over the last few years, high application volumes and administrative backlogs have slowed the process for many.
However, recent application trends suggest that appointment scheduling activity for main applicants has improved compared to previous years, although timelines continue to vary significantly.
After the in-person interview, you will receive your Golden Visa cards. Residence permit card issuance timelines may vary depending on AIMA processing capacity and administrative factors.
Your residence clock starts ticking on the day your Golden Visa card is issued.
Important Note: The timeline below is provided for general reference only to illustrate the sequence of steps in the Portugal Golden Visa process. Actual timelines may vary significantly and are subject to administrative delays, legal changes, and future policy updates.
| Timeframe | Stage | Process / Action |
|---|---|---|
| - | 1. Online Application | Submit application and documents to AIMA. |
| 6–24 months | 2. Approval & Biometrics Appointment | Wait for approval and schedule in-person interview. |
| 3–6 months after appointment | 3. Biometrics & Card Issuance | Attend appointment and receive Golden Visa card. |
| 2 years | Years 1–2 | First residence permit valid; stay 14 days in Portugal. |
| — | Renewal | Renew 30–90 days before expiry. |
| 2 years | Years 3–4 | Second residence permit valid; stay 14 days in Portugal. |
| End of Year 5 | Year 5 | Become eligible to apply for permanent residence, or continue Golden Visa. |
| End of Year 10 | Year 10 | Become eligible to apply for citizenship, or continue Golden Visa. |
Important Note: The timeline below begins from the issuance date of the first Golden Visa residence card. Initial application and processing stages before card issuance may take a significant amount of time and can vary considerably.
Years One and Two (after receiving your card)
Your initial Golden Visa residence card will be valid for two (2) years. In these two years, you must spend a total of fourteen (14) days in Portugal.
At the end of this period, you need to renew your Portuguese residence permit by investment. Between 30 and 90 days before your card’s expiration date, you need to repeat the above AIMA appointment to renew your card.
For the renewal, you need to resubmit the up-to-date documentation (ie, criminal records), biometrics, and the necessary application processing fee.
Years Three and Four
Your renewed Golden Visa residence permit will be valid for two (2) years. Within those three years, you must spend at least fourteen (14) days in Portugal.
Year Five: Apply for Portuguese Permanent Residency
Once you renew your card again for a two (2) year period and lapse one year of it, at the end of the fifth year, you have two options:
- Apply for Permanent Residence in Portugal
- Continue with the Golden Visa temporary residence program
Once permanent residency has been obtained, investors have generally no longer been required to maintain the qualifying investment, subject to the applicable legal requirements in force at the time.
The above application, stay, and renewal requirements always apply to all Golden Visa cardholders, including the main applicants and their dependents.
*As of the date of publication, the required period is five years, but this may change. Applicants should check the law in effect at the time of submission.
Year Ten: Eligibility to Apply for Portuguese Citizenship
Once you complete the applicable legal residence period required under Portuguese nationality law, you may become eligible to apply for Portuguese citizenship, subject to the legal requirements in force at the time of application.
Once Portuguese citizenship has been obtained, investors have generally no longer been required to maintain the qualifying investment, subject to the applicable legal requirements in force at the time.
Historically, eligibility for Portuguese citizenship through legal residence has generally arisen after five years. Under the revised nationality law approved in 2026, this period increases to ten years for most applicants and seven years for EU and CPLP nationals, once the law formally enters into force.
Portugal Golden Visa Costs & Fees in 2026
In addition to the minimum investment you make and the necessary fees related to the transaction of the investment property, you will be faced with legal fees and government application fees.
Below is a detailed list of all associated costs.
Government Fees
| Applicant Type | Processing Fee (€) | Initial Issuance (€) | Renewal Fees (2x) (€) | Total Over 5 Years (€) |
|---|---|---|---|---|
| Single | 632.10 | 6,314.20 | 6,315.60 | 26,522.60 |
| Couple | 1,264.20 | 12,628.40 | 12,631.20 | 53,045.20 |
| Family of Four | 2,528.40 | 25,256.80 | 25,262.40 | 106,090.40 |
Legal Fees
The legal fees depend on the law firm you choose to work with. The Portugal Golden Visa investment is quite sizable, so it is best to assign an experienced law firm to handle your due diligence as well as the application and renewal process. The legal fees can add up to a significant amount, but it is best not to take chances by going with a newbie in the field.
The costs and fees for the Portugal Golden Visa program in 2026 is around €15,000 family of four, covering the full five-year period. The good thing is, you will not have to pay this upfront; instead, you will pay in installments based on the completed tasks within the first five years.
We would be happy to guide you to several experienced law firms in the field of Portuguese Golden Visa.
Costs Related to Investment
Depending on your preferred investment type, the associated costs vary. Below is a table covering the costs associated with the most popular investment type: fund investments.
| Investment Fund Costs and Fees | |
|---|---|
| Category | Details |
| Minimum Investment | €500,000 |
| Exit / Redemption Fee | Varies by fund |
| Subscription / KYC Fee | 1-2%* |
| Performance Fee | 10-35% of the profit* |
| Management Fees | 1-2% annually** |
| Legal Fees*** | Varies |
| Initial Total (approx. excluding Subscription/KYC Fees, Legal Fees, and Golden Visa fees) | €500,000 |
* Varies by fund, it is typical for the performance fee to be between 20 and 35% above a hurdle on the profit, and for the subscription and KYC fees to be anywhere between one percent to two percent of the invested amount, but it may be higher or lower depending on the fund.
** Varies by fund, it is typical for the annual management fee to be between one percent and two percent of the invested amount
*** Legal fees vary widely between law firms, the number of dependents, and other variables; it would not greatly differ between different investment routes
Important Note: Fees, fund structures, redemption terms, and investment strategies vary significantly between funds. Investors should carefully review each fund’s official documentation and seek independent legal, tax, and financial advice before investing.
Portugal Golden Visa: Fund vs. Donation Route Cost
| Feature | Fund Route (€) | Donation Route (€) |
|---|---|---|
| Investment Amount | 500,000 | 250,000 |
| Legal Fees (5-year) | ~15,000–20,000 | ~15,000–20,000 |
| Fund Subscription Fee (1–2%) | ~10,000 | 0 |
| Golden Visa Fees (Gov’t) | ~8,500 | ~8,500 |
| Health Insurance (5-year total) | ~0–2,000 | ~0–2,000 |
| Bank & Other Fees | ~500 | ~500 |
| Total Variable Fees, Estimated | ~36,000 | ~26,000 |
| Grand Total (excluding investment) | ~36,000 | ~26,000 |
| Total Capital Required (including investment) | ~536,000 | ~276,000 |
Note: The above cost table is for a single applicant only. Actual costs, fees, timelines, and investment terms vary significantly depending on the selected fund, legal provider, family composition, and individual circumstances.
Taxes: What Are the Portuguese Golden Visa Tax Implications?
Tax residency and legal residency are different concepts. Becoming a Golden Visa holder in Portugal does not necessarily turn you into a Portuguese tax resident.
Even as a legal resident, you will pay taxes on your investment in Portugal, as long as it generates income.
If you decide to become a tax resident in Portugal, you will need to spend more than 183 days out of a fiscal year in Portugal.
Non-Habitual Resident (NHR) Tax Program
You may have heard of the NHR program in Portugal, which is discontinued as of 2024. The program used to grant significant tax savings to foreigners of qualifying professions, planning to move their tax residence to Portugal.
The scheme started in 2009 and now holds over 10,000 applicants. As of the end of 2023, the program was discontinued for new applicants, leaving the existing non-habitual residents intact.
Portugal Golden Visa in 2026: What to Expect?
Portugal’s Golden Visa program has gone through several legal and administrative changes in recent years, creating uncertainty and rightful frustration for many applicants. Despite this, Portugal remains one of the few European residency-by-investment programs offering a flexible path to long-term residency and potential citizenship eligibility without requiring full-time relocation.
At Get Golden Visa, we continue to support investors and families through these changes with a practical, transparent, and long-term approach tailored to each client’s goals.
Contact us by filling out the form below, and let us help you in your Golden Visa journey.
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Statistics on the Portugal Golden Visa
Below you may find the overall Portugal Golden Visa statistics program between October 8th, 2012, and September 30th, 2023.
The total number of main applicants reached 12,718 with 20,424 dependents accompanying them. These applications directed roughly €7.3 billion of global funds into Portugal.
Investment Type
- Real Estate at a minimum value of €500,000: 9,398 residence permits
- Real Estate urban rehabilitation at €350,000: 1,783 residence permits
- Capital Transfer: 1,193 residence permits
- Capital Transfer in a Portuguese Bank: 549 residence permits
- Investment Fund: 617 residence permits
- Capital Transfer + Creation of Jobs: 8 residence permits
- Donation to cultural heritage in Portugal: 13 residence permits
- Donation to research activities: 1 residence permit
- Creation of Ten Full-Time Jobs: 22 applications
Portugal Golden Visa Changes Over the Years
Over the years, we have witnessed several changes to the Portugal Golden Visa. As of 2026, the timeline is drafted as below:
2012
Program Launch
2022
Investment Thresholds Increased
Real Estate Restricted (Major Cities)
2023
Real Estate Route Removed
Program Shifted to Funds & Business
2024
Citizenship Clock Starts from Application
New Regulatory Adjustments
2025
Citizenship Reform Proposed
(5 → 10 Years Debate)
2026
Program Active & Updates Pending
Reform Approval Expected
Get Golden Visa: Who We Are and How We Can Help You
Get Golden Visa is a residency and citizenship-by-investment consultancy. We help international investors and families navigate programs through qualifying investment or donation routes.
With our team of specialists in Lisbon and Porto offices, we offer our clients a tailor-made and transparent journey in their quest for a Golden Visa in Portugal.
Contact us and talk to one of our experienced team members to help you with any and all your questions.
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Frequently Asked Questions on Portugal Investor Visa
Is Portugal Golden Visa ending?
No, the Portugal Golden Visa is not ending. It did, however, go through various changes throughout the years. According to the Portuguese Parliament’s ‘Mais Habitaçao’ proposal, applicants are no longer allowed to apply for a Golden Visa in Portugal through real estate acquisition, capital transfer, or through investment into funds that have direct or indirect real estate ties. Other investment methods, such as investing 500,000€ in a non-real estate related fund, continue.
How long can I stay in Portugal without a visa?
It actually depends on your country of origin. For instance, if you are a US or UK citizen, you can stay in Portugal up to 90 days in 180 days without a visa.
Can I get Portugal's golden residency through real estate purchase in 2026?
No, real estate option status is not active under the Portugal Golden Visa in 2026.
Which Golden Visa program is the best? Comparison: Portugal vs Italy vs Greece
It depends on the criteria of the investor, and many variables go into answering that question. Nevertheless, for those interested in a potential long-term pathway to European citizenship eligibility, the Portuguese Golden Visa remains a widely considered option in comparison to Italian and Greek Golden Visas. On the contrary, if your main aim is to get residency without a minimum stay requirement, you can prefer the Greece or Italy Golden Visa programs.
Can I take a mortgage to make my investment?
Portugal requires the minimum investment amount to be brought into the country by the main applicant. That amount cannot be borrowed from a bank in Portugal. Financing structures may vary depending on the investment route and applicable regulations, and applicants should seek legal and financial advice regarding their specific circumstances. However, if the investment exceeds the required amount, the excess can technically be financed through a mortgage from a Portuguese bank.
Can I do the Golden Visa Portugal process on my own?
You may. However, you’ll be making a significant investment to apply for the Portuguese Golden Visa. So, many applicants choose to work with experienced legal and professional service providers throughout the process.
Do I need to get a lawyer for the Golden Visa application?
You’re not required to get a lawyer to apply for the Golden Visa; however, you should have a local Portuguese lawyer assist you with your application process.
What are the Portugal Golden Visa Tax considerations? Do I have to pay taxes in Portugal?
Having a Golden Visa in Portugal doesn’t automatically make you a tax resident in Portugal. Unless you become a tax resident in Portugal, holding a Golden Visa does not automatically make an individual a Portuguese tax resident. Tax treatment depends on individual circumstances, residency status, and the nature and source of income. Your income within Portugal, however, needs to be declared in Portugal, and you need to pay taxes on that income. Thanks to Double Taxation Treaties, you won’t be taxed multiple times on the same income.
Does the investor have to pay taxes in Portugal on his/her worldwide income?
No. If the investor doesn’t spend 183 days or more in Portugal within a year, the investor is not a resident. In that case, worldwide income taxation generally depends on whether the individual qualifies as a Portuguese tax resident under the applicable tax rules.
Is the cost of living in Portugal low or high?
Portugal has a low cost of living compared to the rest of Europe.
Do I have to register and pay Social Security contributions in Portugal?
No, you’re not required to register or pay Social Security contributions in Portugal. However, you do need to get private health insurance to cover your healthcare costs in Portugal.
Do I need to reside in Portugal, or can I live in other countries?
Portugal doesn’t require you to live in the country full-time if you have a Golden Visa. The program generally requires an average physical presence of seven days per year during the applicable residence period. Besides that, you may live in your country of origin or any other place you wish to live in.
What is a fiscal number?
A fiscal number in Portugal is called a NIF. You’ll need a NIF in order to perform any official transaction in Portugal. This includes opening a Portuguese bank account, purchasing real estate, etc.
Can I use cryptocurrency such as Bitcoin to apply for the Portugal Golden Visa?
Get Golden Visa may accept certain fee payments in cryptocurrency, subject to compliance and operational requirements. However, the Portuguese government does not accept the Portugal Golden Visa investment to be made in any currency other than Euros.
Should I avoid certain firms offering Golden Visa services?
Absolutely. Just as in any business, many inexperienced individuals and firms are claiming to provide services within the RCBI field as well. Make sure that you go on to vet the firm that will advise you in such a significant commitment.
What’s the best way to get a Golden Visa in Portugal?
The best way is the way that fits your specific criteria. In other words, it completely depends on the investor and the investor’s needs. Historically, real estate was the dominant route under the Portugal Golden Visa program. Since the removal of the real estate option in 2023, qualifying investment funds have become one of the most widely used routes.
Which investment funds are available for a Golden Visa?
There are a number of different venture capital funds and private equity funds with different investment strategies and features available in the market, which qualify their subscribers to apply for the Golden Visa in Portugal. For a comprehensive list of funds, feel free to get in touch with our team.
Does the Golden Visa in Portugal lead to citizenship?
The Portugal Golden Visa may provide a long-term pathway to eligibility for Portuguese citizenship, subject to the nationality laws in force at the time of application.
How long does it take before I can apply for Portuguese citizenship and a passport?
Historically, Golden Visa holders have generally become eligible to apply for Portuguese citizenship after five years of legal residence. Under the revised nationality law approved in 2026, this period increases to ten years for most applicants and seven years for EU and CPLP nationals. Once citizenship is granted, applicants may then apply for a Portuguese passport.
How can I get Portuguese citizenship by investment?
You cannot directly get Portuguese citizenship through an investment. You can invest in a qualifying investment to obtain your temporary Portuguese residency permit through Portugal’s Golden Visa. Once you have your Golden Visa, provided that you maintain your investment for the required minimum number of years, you may become eligible to apply for Portuguese citizenship through naturalization.
Does Portugal allow dual citizenship?
Yes, Portugal allows for dual citizenship.
How much does Portuguese citizenship cost?
Government fees for Portuguese citizenship applications are relatively modest. However, applicants pursuing citizenship through the Golden Visa program should also consider legal, investment, renewal, translation, and administrative costs incurred throughout the residency process. For a complete list of these options, you can get in touch with us.
Do I need a language test for the Golden Visa program in Portugal?
You don’t need to take a language test to get the Golden Visa. However, if you later apply for permanent residency or citizenship, depending on the nationality laws in force at the time of application, you will need to obtain an A2 Level language requirement in Portuguese. Please check with your legal representative at the time of application eligibility.
Can same-sex couples also apply for the Golden Visa in Portugal?
Yes, Portugal allows Golden Visa applicants to include their same-sex partners within the program through family reunification.
Is Portugal LGBT-friendly?
Yes, Portugal’s LGBT-friendliness is quite high compared to other countries in Europe. There is supportive legislation and a high level of societal acceptance for the community.
How long is the Golden Visa valid for?
Your first Golden Visa card is valid for two years; you should satisfy the stay requirement of 14 days in two years. You may then renew your Golden Visa residence card, and the next cards will each be valid for three years at a time. Within those three years, you should spend at least twenty-one days in Portugal. As long as you maintain your investment, you may renew your Golden Visa card as many times as you wish.
What countries are included in the Schengen Area?
The 26 Schengen countries include Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
What happens to the investment after five years? Can it be sold, transferred, etc.?
At that point, you have three options as a Golden Visa holder: (1) to continue with the Golden Visa for Portugal, (2) to become a permanent resident, or (3) to become a Portuguese citizen. Once permanent residency or Portuguese citizenship has been obtained, investors have generally no longer been required to maintain the qualifying investment, subject to the applicable legal requirements in force at the time. You only need to hold on to it if you decide to continue with the Golden Visa temporary residence program instead.
Can the investor sell the investment at any time if he/she no longer need the Golden Visa?
Selling or redeeming the qualifying investment before maintaining compliance with the Golden Visa requirements may affect residency eligibility. Applicants should seek legal advice before making changes to their investment structure.
What is the most common investment route for the Golden Visa in Portugal?
The most popular route for the Golden Visa Portugal used to be real estate investments. Currently, the most popular investment vehicle is investment in a qualifying fund. You may find the number of applications and their preferred routes in detail in the above Statistics section.
How long does it take to get a permanent residence in Portugal?
Permanent residency eligibility has generally arisen after five years of legal residence.
What are the shared benefits of Portugal vs Greece Golden Visa Programs?
When we compare Greece vs Portugal Golden Visa programs, we can come up with some similar benefits. Visa-free travel in Europe, citizenship eligibility, or family inclusion are among them.
