Portugal’s Golden Visa remains the most flexible path to EU residency — now via fund-based investment. Enjoy minimal stay requirements, full family coverage, Schengen mobility, and a clear path to citizenship after just 5 years.
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Since its launch in 2012, Portugal’s Golden Visa program has attracted over 10,000 investors from across the globe. As of 2025, the program has undergone significant changes following reforms implemented in 2023–2024. This guide provides a comprehensive look at how to get the Golden Visa in Portugal in 2025, including the current eligible investments, legal steps, benefits, and common pitfalls.
What Is the Portugal Golden Visa?
The Golden Visa (officially called Autorização de Residência para Atividade de Investimento) is a residence-by-investment program for non-EU/EEA/Swiss nationals who invest in Portugal. It grants the right to live, work, and study in Portugal, and visa-free travel across the Schengen Area.
Most importantly, it offers a pathway to Portuguese citizenship after 5 years — without full-time residency.
What Changed Recently?
| Item | Before 2023 | After 2023 (and in 2025) |
|---|---|---|
| Real Estate Investments | Allowed (min. €280k–€500k) | No longer eligible |
| Capital Transfer (Banking) | €1 million deposit | Eliminated |
| Job Creation | 10 new jobs | Still valid |
| Investment Funds | Min. €500k in VC/private funds | Still valid () |
| Cultural/Research Donations | €250k–€500k | Still valid |
What Changed Recently?
Eligible Investment Options in 2025
Who Can Apply?
To be eligible for the Golden Visa in Portugal (2025), applicants must:
Application Process (Step-by-Step)
Family Reunification
Your Golden Visa covers more than just you. Eligible family members include:
Benefits of the Golden Visa
Common Pitfalls
Path to Citizenship
After 5 years of holding your Golden Visa and meeting the basic residency requirements (minimum stay + integration), you may apply for Portuguese citizenship. You must:
Portugal allows dual citizenship, so you won’t need to renounce your original nationality.
Final Thoughts
Despite major changes, the Portugal Golden Visa program remains one of the most flexible and advantageous residency options in Europe. With the end of real estate eligibility, the shift to fund-based and cultural investments reflects national priorities and promotes sustainable growth. Among these, regulated investment funds have emerged as the most efficient, secure, and ROI-driven path to obtaining a Golden Visa in 2025. For investors seeking a strategic, EU-compliant residency solution with real financial upside, the fund route stands out as the clear choice — offering diversification, professional management, and a streamlined path to Portuguese citizenship.
André Bandeira
ab@explorerinvestments.com
Maria Campos Silva
mcs@explorerinvestments.comFree 1-Hour Consultation
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3x target MOIC from a fund with institutional-grade performance.
Overseen by CMVM with over 20 years of private equity experience.
Only 7 days per year required to maintain your residency status.
Include your spouse and dependent children under the same visa.
Permanent residency after 5 years. Apply for citizenship in 6.
Live, work, and travel freely across the entire European Union.
Get your complete, free guide to the Portuguese Golden Visa. Learn how to invest with confidence through Explorer Investments, the country's largest private equity fund.
André Bandeira
ab@explorerinvestments.com
Maria Campos Silva
mcs@explorerinvestments.comCopyright © 2025 Explorer Investments
It is recommended to consult Chapter V of Decree-Law nº 162/2014, of October 31st, published in the Official Gazette, as well as its revision by Law nº 2/2020, of March 31st. The information included here is of a general nature, and therefore each potential investor should seek independent advice (e.g., legal, financial, tax, etc.)
