The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. The Portuguese golden visa offers a fast-track to obtaining a residency permit in Portugal, alongside other benefits, for non-EU investors who invest a minimum amount as defined by law.
Since the launch of the golden visa programme’s in 2012, more than 4,200 Portuguese golden visas have been given out, representing more than EUR 2.5 billion investment in the country, leading to Portuguese EU citizenship.
Any non-EU/EFTA national can apply for a golden visa in Portugal, or Portuguese investor visa, provided they make at least one of the investments below, either as an individual business person or via a business set up in Portugal or another EU member state.
The idea of Portugal’s golden visa program is to attract foreign investment and boost the Portuguese economy. The visa is also known as the ‘Resident Permit for Investment’ as it ‘fast-tracks’ Portuguese residency.
Holders of a Portuguese golden visa are given a temporary residence permit in Portugal for one year, which is renewable for two-year periods.
After five years, holders of Portuguese golden visa, can apply for a permanent residence permit in Portugal, while after six years they can apply for Portuguese citizenship by investment, if all other legal requirements are met.