Portugal’s popular Golden Visa Scheme is entering a new phase in 2025, with the authority implementing sweeping modifications aimed at attracting additional international investors without closing the door on this renowned residency program.
The statement, given by Minister of the Presidency Antonio Leitão Amaro, dispels rumors of the scheme’s termination and highlights a key technical aspect in maintaining Portugal’s position as a top investment location.
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Real Estate Pathway Closed, New Investment Choices Open
One of the major updates is the complete eradication of real estate investment as an eligible pathway for the Golden Visa. The modification, which began with the “Mais Habitacao Law” in October 2023, means that investors can no longer acquire residency by purchasing property or investing in real estate-related finances.
This action aims to address Portugal’s ongoing accommodation crisis and ensure the scheme provides broader economic and social benefits.
The New Investment Pathways
Regardless of this adjustment, Portugal’s Golden Visa stays very much in effect, with optional pathways for wealthy foreigners:
1. Venture Capital Funds
Invest at least $576,236 in government-endorsed business capital finances that are not related to real estate. This pathway supports innovative Portuguese enterprises and offers a flexible, diversified investment opportunity for Golden Visa candidates.
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2. Employment Creation
Introduce a new business in Portugal that generates a minimum of ten full-time jobs for residents. This route not only satisfies Golden Visa conditions but also directly contributes to the nation’s economic development and job creation.
3. Scientific Study
Assists Portugal’s development in science and technology by investing $576,236 or more in accredited public or private study universities. This choice motivates innovation and promotes beneficial advancements in areas such as medicine, engineering, and environmental science.
4. Cultural Heritage
Add a minimum of $288,118 to maintain Portugal’s rich cultural heritage or support artistic endeavors. This pathway enables investors to play a crucial role in safeguarding national history, arts, and cultural identity for future generations.
5. Firm Development
Send at least $576,236 in capital to develop a Portuguese firm, ensuring the creation of a minimum of five permanent jobs. This investment choice facilitates entrepreneurship and sustainable business growth within Portugal’s active economy.
This new choice shows Portugal’s ambition to channel international investment into creativity, culture, and sustainable economic development.
Application Processing
In 2025, Portugal’s Golden Visa request procedure is undergoing digital changes. The authority has implemented a fully digitized system designed to streamline request checks and reduce processing times.
Another significant update: The Five-Year countdown to nationality qualification currently begins when you present your Golden Visa request, prospectively shaving years off the route to a Portuguese passport.
Record Request Regardless Of Changes
Portugal’s Golden Visa program remains highly appealing. Almost 5,000 visas were issued in 2024, setting a new record despite the program shifting away from real estate investments.
Hence, a backlog of pending requests continues, and authorities are working to address the processing delays with the new digital structure.
Reasons Portugal Still Shines For Global Investors
Portugal’s Golden Visa goes ahead to provide compelling advantages, which include:
- Route to EU Residency and Citizenship: Maintain your investment and residency for five years, and you can then apply for Portuguese nationality.
- Reduced stay conditions: Investors are only required to stay 1 week annually in Portugal to keep their visa.
- Family inclusion: Partners, children, and dependent parents can be included in the request.
What Is Next For Golden Visa Candidates
If you are considering Portugal’s Golden Visa, focus on the new eligible pathways, including venture capital, study, culture, or business development. Real estate is no longer a choice; however, the program’s adjustability and Portugal’s increased quality of life continue to make it a top option for residency by investment in Europe.
Portugal’s Golden Visa is not being discontinued; it is being updated. With new investment pathways and a streamlined digital procedure, the program remains a viable option for global investors seeking European residency and citizenship. Stay tuned for additional updates as Portugal continues to refine its policy and welcomes a new wave of foreign skills and capital.
