Portugal Golden Visa Costs

Complete cost breakdown for the Portugal Golden Visa program - your pathway to European residency through qualifying investments with potential citizenship after five years.

The Portugal Golden Visa, officially known as the Residence Permit for Investment Activity (ARI), is a residency-by-investment program launched in 2012 to attract international capital to Portugal. It offers non-EU citizens residency in Portugal through qualifying investments, with the potential to apply for citizenship after five years.

Key benefits include EU mobility, a high quality of life, and a straightforward citizenship pathway. The program has evolved, with real estate investments removed in 2023, shifting focus to alternative options like fund subscriptions and cultural donations.

Calculate your total Golden Visa costs with our interactive cost calculator.

Cost Breakdown of the Portugal Golden Visa

Investment Options

Portugal Golden Visa Investment Options and Minimum Amounts
Investment Option Minimum Amount
Fund Subscription €500,000
Cultural Donations €250,000 (€200,000 in low-density areas)
Scientific Research €500,000
Job Creation No fixed amount (10 jobs, or 8 in low-density areas)
Share Capital + Job Creation €500,000 + 5 jobs

Government Fees

  • Application Fee: €605.10 per person
  • Permit Issuance Fee: €6,045.20 per person
  • Renewal Fee: €3,023.20 per person every two years

Legal and Administrative Fees

Typical legal fees range from €5,000 to €8,000 for a single applicant. Additional costs for dependents vary based on family size and complexity of the application.

Total Estimated Costs (Excluding Investment)

Single applicant: approximately €12,700 over five years

Couple: approximately €25,400 over five years

Family of four: approximately €50,800 over five years

Application Process for the Portugal Golden Visa

  1. Select and complete your chosen investment option from the approved categories.
  2. Open a Portuguese bank account and obtain a NIF (tax identification number).
  3. Collect required documents, including passport, proof of investment, and criminal record certificate.
  4. Submit your application via the AIMA Portal ARI online system.
  5. Attend a biometric appointment in Portugal within the specified timeframe.
  6. Receive your residence permit upon approval and completion of all requirements.

Processing times typically range from 3 to 6 months, though delays may occur due to high demand and document verification requirements.

Comparison with Other Golden Visa Programs

Portugal's Golden Visa program offers unique advantages compared to other European residency-by-investment programs:

Comparison of Golden Visa Programs by Country
Country Requirements Portugal's Advantage
Spain €500,000 real estate investment More diverse investment options and faster citizenship path
Greece €250,000 for real estate Better citizenship pathway and stronger passport ranking
Malta Starts at €600,000 with faster citizenship More affordable overall cost structure
Italy €250,000-€500,000 depending on investment type Lower minimum investment options available

Testimonials from Golden Visa Holders

The process was straightforward, and the lifestyle in Portugal is unbeatable. We couldn't be happier with our decision to invest here. The cultural richness and welcoming community exceeded our expectations.

– John D., USA

Investing in Portugal has been a game-changer for my family. The quality of life is exceptional, and we've made wonderful connections in our new community. The education system is excellent for our children.

– Maria S., Brazil

From a business perspective, Portugal offers excellent opportunities and the Golden Visa process was more transparent than other programs we considered. The legal framework is solid and reliable.

– Ahmed K., UAE

Recent Changes and Considerations

Key updates: Real estate investment options were removed in 2023, and the government continues efforts to address application backlogs and streamline processing.

Program Evolution

The Portuguese government continues to refine the Golden Visa program to ensure it benefits both investors and the country's economy. Recent policy changes reflect a strategic shift towards promoting investment in:

  • Cultural preservation and heritage projects
  • Job creation in strategic sectors
  • Scientific research and innovation
  • Investment funds focused on Portuguese businesses

Current Market Conditions

The removal of real estate options has increased demand for alternative investment routes, particularly approved investment funds. This shift has created new opportunities in Portugal's startup ecosystem and established businesses seeking growth capital.

Prospective applicants should stay informed about these evolving requirements and work with experienced legal advisors to navigate the current regulatory landscape effectively.

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Portugal Golden Visa FAQ

Frequently Asked Questions

Common questions about the Portugal Golden Visa program. For complete details, visit our comprehensive guide.

What is the Portugal Golden Visa?

The Portugal Golden Visa is a residency-by-investment program that allows non-EU citizens to obtain residency in Portugal through a qualifying investment. Launched in 2012, it provides a flexible pathway to EU residency and citizenship after five years, known for its low residency requirements and family-friendly benefits.

How much does it cost to obtain a Portugal Golden Visa?

Costs depend on the investment option and family size. Minimum investments range from €250,000 (cultural donations) to €500,000 (funds or research). Additional expenses include government fees (~€12,700 for one applicant over five years), legal fees (€5,000–€8,000), and administrative costs. For a family of four, extra costs may total ~€50,800 over five years, excluding the investment.

What are the investment options for the Portugal Golden Visa?

As of 2025, options include:
  • €500,000 in a qualifying investment fund. Browse our comprehensive fund list for options.
  • €250,000 (or €200,000 in low-density areas) for cultural projects.
  • €500,000 for scientific research.
  • Creating 10 jobs (or 8 in low-density areas), no fixed amount.
  • €500,000 in a company plus 5 jobs.
Real estate investments were discontinued in 2023.

What are the benefits of the Portugal Golden Visa?

Benefits include:
  • Residency with rights to live, work, and study in Portugal.
  • Visa-free Schengen Area travel.
  • Family inclusion (spouse, children, parents).
  • Low residency: 7 days/year.
  • Citizenship after five years.
  • Access to healthcare and education.
  • Tax advantages via the NHR regime. Learn more in our tax benefits guide.

How long does the application process take?

The process typically takes 3–6 months, though high demand can cause delays. AIMA, Portugal's immigration authority, is working to improve processing times. For current processing statistics and timelines, check our Golden Visa statistics page.

Can my family join me on the Portugal Golden Visa?

Yes, you can include your spouse, dependent children under 18, and dependent parents. Children over 18 may qualify if financially dependent and in full-time education. Additional fees apply per family member.

What are the residency requirements?

You must spend 7 days in Portugal in the first year and 14 days every two years thereafter—one of the lowest requirements among similar programs, ideal for non-permanent residents.

Is there a path to citizenship?

Yes, after five years of residency, you can apply for citizenship, requiring basic Portuguese (A2 level) and a clean criminal record. The process is relatively simple compared to other countries. For guidance through the application process, consider hiring a specialized Golden Visa lawyer.

What are the recent changes to the program?

In October 2023, real estate investment options were removed to address housing concerns, shifting focus to funds, cultural projects, and job creation. Fees and processes have also been updated for efficiency.

How does it compare to other Golden Visa programs?

Compared to others:
  • Spain: Portugal offers diverse options; Spain focuses on real estate.
  • Greece: Greece is cheaper (€250,000 real estate), but Portugal's citizenship is faster (5 vs. 7 years).
  • Malta: Malta costs more (€600,000) with faster citizenship (1–3 years); Portugal is more affordable.
Portugal excels in affordability and quality of life. For a full comparison, see our guide to the best Golden Visa programs worldwide.