Portugal – Updated Visa Regime

Portugal’s Golden Visa continues to open doors — but its key pillars have shifted. Real estate no longer qualifies. Now, investments must flow into funds, research, or cultural projects — areas that truly bolster the nation’s future. Residency remains light, but the path to citizenship is becoming longer and more thoughtful: five years today, possibly stretching to ten tomorrow. We believe in guiding our clients calmly through these transitions — with clarity, patience, and steady judgment. If you’d like to explore which route aligns best with your plans, we’d be pleased to help.

  • Real estate is no longer eligible. As of October 2023, property investments no longer qualify for the Golden Visa

  • New qualifying pathways include:

    • Funds or venture capital: minimum €500,000

    • Scientific or technological research: €500,000

    • Cultural or heritage projects: €250,000, or €200,000 in low-density areas.

  • Residency still requires minimal presence. The scheme retains its low physical residency requirement.

  • Citizenship timeline is under review. Traditionally, applicants could apply after five years—however, recent proposals aim to extend this to 10 years for most foreigners, with a shorter seven-year path for citizens of Portuguese-speaking countries (CPLP).

  • Lean and Transparent Support for Legacy Investors
    If you originally obtained residency via the old Golden Visa (e.g. real estate), you're protected. Renewals now fall under a special “Immigrant Entrepreneur” category with longer validity (three years) and reduced physical presence requirements.

  • New Business and Talent Routes
    Portugal now also offers focused, performance-based arrival pathways:

    • Startup Visa for high-growth tech founders,

    • D2, D3, D7, D8 visas for entrepreneurs, retirees, remote workers, and highly skilled professionals.

  • Family Visas for CPLP Nationals
    Citizens of Portuguese-speaking countries like Brazil, Angola, and Mozambique (CPLP members) now benefit from smoother access: some can enter as tourists and apply for residence directly, while others need a visa first.

  • Ongoing Administrative and Legal Reforms
    Immigration policy remains in motion. The system has shifted from SEF to AIMA, which is still working through application backlogs. There have also been recent attempts to tighten immigration controls, though a key bill limiting family reunification was recently blocked by Portugal’s Constitutional Court.

Why It Matters

Your immigration decision doesn't have to be complicated. Whether you're investing, relocating, or working remotely, these paths offer clarity, legal protection, and a clear horizon — as long as you plan with foresight.

If you'd like to explore which visa or residency route fits your situation — or to discuss how this aligns with your broader wealth and tax structure — we’d be glad to offer insight and clarity.