Does Portugal Golden Visa allow real estate investment?

No. Residential real estate was removed from the ARI programme in October 2023. Current options: VC funds (€500k), company creation (€500k + 5 jobs), cultural donation (€250k), scientific research (€500k).

How long does the Portugal Golden Visa process take?

Typically 3–6 months after the qualifying investment is made. AIMA processing times vary. NIF and bank account can be set up in advance.

Does Golden Visa make me a Portuguese tax resident?

Not automatically. Tax residency requires 183+ days per year in Portugal or having your habitual residence there. If you become tax resident, the IFICI regime may offer a 20% flat tax rate for 10 years.

Can family members get the Golden Visa too?

Yes. Family reunification covers spouse, minor children, adult children in full-time study, and dependent parents of either spouse.

Portugal Golden Visa 2026: What Changed and How the ARI Works

By Hugo Ribeiro, Certified Accountant (OCC) · HVR Business Consulting · April 2026

The Portugal Golden Visa — officially the ARI (Autorização de Residência para Investimento) — is Portugal's residency-by-investment programme for non-EU nationals. It grants a residence permit and, after 5 years, the right to apply for Portuguese citizenship and an EU passport. Minimum stay requirements are just 7 days per year — among the lowest in Europe.

2023 Change: End of Real Estate

Since October 2023, residential real estate no longer qualifies. Current options: VC/investment funds (€500k), company creation + 5 jobs (€500k), cultural heritage donation (€250k), scientific research (€500k).

Tax Tip: Golden Visa + IFICI

If you choose to become a Portuguese tax resident, the IFICI regime offers a 20% flat tax on Portuguese-source income for 10 years — making Portugal one of Europe's most attractive destinations for internationally mobile investors.

Read the full Golden Visa guide →

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