The residency-by-investment program requires a minimum €500,000 investment into an alternative investment fund/s approved for the Golden Visa, and regulated by the CMVM financial authority. This grants a Portuguese residency card, renewable every two years, providing continued access to Portugal and the 29 European Schengen region countries, with potential eligibility to apply for permanent citizenship and an EU passport at the end of your family's qualifying period. Alternatively, you can continue to renew your Golden Visa residency card every 2 years.

Portugal’s Golden Visa remains one of Europe’s most established residency-by-investment programs, offering families a path to EU access, without needing to relocate or change tax residence immediately.

Alternative investment funds in Portugal
The program has generated over €54 billion in economic impact, making it one of the most sought-after globally, and in 2025, Portugal was named Economy of the Year by The Economist Magazine.

Move freely across the 29 EU countries
Portugal’s Golden Visa legislation includes alternative qualifying routes, such as cultural or heritage investment or donation (from €250,000, or €200,000 in certain low-density areas), scientific research funding, job creation, and €500,000 capital investment into a Portuguese operating company combined with employment requirements. These routes may involve non-recoverable capital transfers or ongoing employment and business obligations that must be maintained in accordance with program requirements for renewals.
The €500,000 CMVM-regulated alternative investment fund route is currently the most widely adopted. Where the regulated fund route is selected, investments are made into one or more CMVM-regulated alternative investment funds.
The €500,000 CMVM-regulated alternative investment fund route remains the most widely adopted choice. When you select this pathway, you allocate capital into one of two primary fund structures:
Closed-ended, CMVM-regulated funds are commonly used for Golden Visa investments, offering diversified exposure across multiple sectors driving Portugal’s long-term growth. They are typically favoured for disciplined capital deployment, diversification, and long-term structuring, with professional advice essential to ensure suitability.
Open-ended funds generally invest in liquid assets such as government bonds and listed securities, offering greater liquidity and lower volatility. These structures are often taxed on income or gains, making professional guidance important when assessing their role within a Golden Visa and wider wealth planning strategy.
Portugal continues to attract international recognition as one of Europe’s most resilient and investable economies, with positive outlooks from institutions such as the OECD, S&P Global Ratings, Moody’s, and Fitch Ratings.

The Portugal Golden Visa Alternative Investment Fund Index, compiled and maintained by Portugal Pathways, provides an independent overview of more than 30 CMVM-regulated alternative investment funds approved for Portugal’s Golden Visa.
All investments carry risk. Independent legal, tax, and financial advice should always be obtained before making any investment decision.
Explore available investment options that align with your objectives
Explore available investment options that align with your objectives.
Support with securing your fiscal number (NIF) ahead of opening a Portuguese bank account.
Portugal Pathways introduces you to a selection of immigration lawyers who support you with documentation, biometrics, and each stage of the application process.
Finalise your investment, review and execute subscription documents, and complete KYC checks and fund management agreements before submitting the application.
Your Golden Visa residency card is renewed every two years and can be maintained indefinitely, until you choose to apply for permanent residency or citizenship, or no longer require Portuguese residency.
After the qualifying period, you and your family can choose to apply for Portuguese citizenship and an EU passport. Or, after 5 years, you have the option to apply for permanent residency.
Portugal Pathways provides independent, end-to-end support, working alongside regulated professionals to help private clients manage the Golden Visa process from start to finish.
Combined years
of experience
Our total wealth management
partners assets under management
Different nationalities
that make up our clients

Combined years
of experience
Total AUM across
the firm and partners
Portugal permits dual citizenship in many cases. Golden Visa holders can become eligible to apply for Portuguese citizenship after meeting the legal requirements over the qualifying period, including documentation and language requirements, and subject to authority assessment.
Yes, Portugal’s Golden Visa allows you to apply for permanent dual EU citizenship after five years, giving you freedom of movement across the 29 European Schengen region countries as well as your existing passport.
No. The Golden Visa application does not require a language test. An A2-level Portuguese language certification is commonly required for permanent residency or citizenship applications after the qualifying period. Portugal Pathways can share information on typical certification routes and introduce advisers who can confirm requirements.
Yes. A NIF (Número de Identificação Fiscal) and a Portuguese bank account are standard requirements during the application process.
Yes, immediate family members, including a spouse, dependent children, and dependent parents, can also be eligible for residency under the main applicant's Golden Visa.