Golden Visa

Porto Historical Houses

The Golden Visa – formally known as the residence permit for investment activity (ARI) – is a special residence permit by way of investment. It was launched in 2012 to attract foreign investment from non-EU citizens in exchange for a permanent residence permit or citizenship after 5 years.


Holders of the visa often purchase a real estate property. However, there are other investment pathways, such as buying units of investment funds or a direct capital transfer. Family members (spouse, children under age 18 or dependent children under 26, and the parents of the applicant) of the visa holder can also qualify thanks to the family reunification scheme.


It has been very beneficial for the Portuguese economy by attracting foreign investment. Most Golden Visa holders are from China, Brazil, Turkey, South Africa, and Russia.

Key benefits

  • No requirement to move to Portugal, but for a minimum of spending a 7-day average per year in the country;

  • Visa-free access to Schengen area countries;

  • Possibility to apply for the citizenship or permanent residency after five years;

  • Possibility to apply for the attractive Non-Habitual Resident tax regime (NHR);

  • Family members of the applicant are eligible too.

Who can apply?

Any person from a third country (non-EU-EEA-Swiss) aged over 18 years old with a clean criminal record in the home country of the applicant and Portugal can apply to the scheme, provided he or she meets the investment criteria.


The kinds of qualifying investment include: real estate, investment funds, transfer of capital, company formation or donation.


  • 500’000 euros to buy a property (can be lower for renovation work or low density population areas). As of 2022, property purchases have to be made outside of Lisbon and Porto in order to qualify;

  • 500’000 euros into a Portuguese investment fund authorised for Golden Visa applications;

  • 1,5 million euros capital transfer into a Portuguese bank account (as of 2022);

  • Donate 250’000 euros destined to preserve the Portuguese national heritage. Donate 350’000 into research and development activities in Portugal.