Portugal•Europe3-6 months
6,314 EUR
5 years
Yes
Not Required
Not Specified
Available
Not Required
Portugal's Residence Permit for Investment (ARI / Golden Visa) granting low-presence residency through qualifying non-real-estate investment.
Portugal's Golden Visa, formally the Residence Permit for Investment (ARI), launched in October 2012 and is now run by AIMA, which replaced SEF in October 2023. The Mais Habitacao law (Law 56/2023) closed the real estate route on 7 October 2023, leaving an active-investment program aimed at productive capital, not housing.
Qualifying routes are EUR 500,000 into a regulated non-real-estate Portuguese fund, EUR 500,000 into scientific research, EUR 500,000 to incorporate a company creating 5 jobs, EUR 250,000 supporting cultural heritage, or creating 10 jobs. EU, EEA, Andorran and Swiss nationals are ineligible; presence is just 7 days year one, 14 days per year after.
This visa is ideal for non-EU investors seeking Schengen mobility and a path to Portuguese citizenship after 5 years without full-time relocation.
| Initial grant | 5 years |
Visas you can typically switch to from this status.
PortugalNon-EU/EEA/Andorra/Swiss citizenship (Portuguese nationals also excluded)
Age 18 or older
Clean criminal record (no conviction punishable by imprisonment over 1 year under Portuguese law)
One qualifying investment: 10 jobs created; or €500,000 to scientific research; or €250,000 to cultural heritage/artistic production; or €500,000 in a regulated non-real-estate Portuguese fund (5-yr maturity, 60% in Portuguese companies); or €500,000 to establish a Portuguese company creating 5 permanent jobs
Funds must be sourced from outside Portugal
Minimum physical presence: 7 days in the first year and 14 days in each subsequent year
Real estate acquisition no longer qualifies (Law 56/2023 'Mais Habitacao', effective 7 October 2023)
Education
none or higher
Investment
250,000 EUR
Valid passport
Proof of qualifying investment
Declaration of intent to maintain investment for 5 years
Clean criminal record certificate
Proof of health insurance coverage in Portugal
Proof of legal entry into Portugal
Completed AIMA application form
| Application Steps | Obtain a Portuguese Tax Identification Number (NIF); Open a Portuguese bank account; Make the qualif… | aima.gov.pt |
| Considerations | Real estate investment no longer qualifies (Law 56/2023, eff. 7 Oct 2023); Significant upfront inves… | portugal.gov.pt |
| Desc | Residence by investment (€250K-500K, no real estate) with minimal physical presence requirement. | aima.gov.pt |
| Requirements | Non-EU/EEA/Andorra/Swiss citizenship (Portuguese nationals also excluded); Age 18 or older; Clean cr… | aima.gov.pt |
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