RelocateAura
Updated 2026-05-12

Golden Visa (Funds & Donations)

Real estate route removed in 2023. Funds, donations, and research remain.

Limited
Min investment
€500,000+
Processing
12–24 months
Initial validity
2 years
Citizenship in
5 years
Min stay
7 days/yr

Who this is for

  • high-net-worth investors
  • those wanting EU residency with minimal stay

Key requirements

  • One of: €500k qualifying investment fund (non-real-estate), €250k cultural heritage donation, €500k scientific research donation, €500k Portuguese company creating 10+ jobs
  • Funds must come from outside Portugal
  • Investment maintained for at least 5 years
  • Only 7 days/year average stay in Portugal required
  • Clean criminal record
  • Real-estate routes (direct property purchase) NO LONGER QUALIFY since October 2023

Typical timeline

Real-world processing — including the bottlenecks competitors don't talk about.

  1. Choose qualifying investment vehicle

    ~6 weeks

    Research funds, donation programmes, or job-creation routes carefully — check 5-year track record.

  2. NIF, bank, transfer funds

    ~4 weeks

    Funds must arrive from outside Portugal.

  3. Make the qualifying investment

    ~4 weeks

    Subscribe to fund, sign donation, or incorporate Portuguese company.

  4. Submit online to AIMA

    ~4 weeks

    Application is fully online via AIMA's portal.

  5. AIMA processing & biometrics

    ~80 weeks

    Severe backlog — 12–24 months is realistic in 2025–26.

Document checklist

0/8 ready

Tax note

Standard Portuguese tax if you become resident. Most GV holders structure to stay non-resident.

Official source: AIMA — Portuguese immigration authority · Last reviewed 2026-05-12.

PT Golden Visa: people also ask

Is real estate really not an option anymore?

Correct. The Mais Habitação law of October 2023 closed all direct real-estate purchase routes. Some investment funds hold real-estate exposure indirectly, but the regulator is restrictive — verify your fund's holdings before subscribing.

What's the minimum stay?

7 days in year 1, then 14 days across each subsequent 2-year period. The lightest minimum stay of any EU Golden Visa.

When can I apply for citizenship?

After 5 years of legal residency from the date AIMA accepts your application — even if your residence card is delayed, the clock starts at acceptance.

How safe are these investment funds?

Varies widely. Look for CMVM-regulated funds with a real 5+ year track record, transparent fees, and a clear exit strategy. Don't pick by promised yield alone.

Can family be included?

Yes — spouse, dependent children, and dependent parents of both spouses, no additional investment required.

Will Portugal close this programme too?

Politically debated. Investors who lock in now under current law generally keep their rights even if rules change later.

Work with a Portugal lawyer

Hand-picked immigration lawyers licensed to practise in Portugal. We don't take a cut — the booking link goes straight to their calendar.

Vetted by RelocateAura

[Replace] Mariana Costa

Costa Advogados · Lisbon

Bar reg: OA 00000

Lisbon-based, handles D7 and D8 from initial NIF setup through AIMA biometrics. Experienced with backlog escalations and consulate liaison.

Languages
Portuguese, English
Specialties
D7 Visa, D8 Visa, AIMA escalations
Book a consult →

[Replace] João Ferreira

Ferreira & Partners · Porto

Bar reg: OA 00000

Porto-based, focused on Golden Visa investment-fund applicants and post-residency IFICI tax planning. Handles 5-year citizenship filings.

Languages
Portuguese, English, Spanish
Specialties
Golden Visa (funds), IFICI tax structuring, Citizenship
Book a consult →

Information only. Always verify a lawyer's active bar registration before sharing documents or transferring funds.

Not sure where to start?

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