The Ultimate Guide to the Portuguese Golden Visa

(Thomas K. Running) #1

The Portuguese Golden Visa program is one of the most popular both in Europe and the world, and for good reasons:

This is a companion discussion topic for the original entry at

(web-dev1) #2

So, among the 10 investment options,

“Transfer capital of at least €250,000, as investment or support for artistic production, or recovery or maintenance of national cultural heritage.”

is the cheapest. I think only millionaire business people can try this out.

(Thomas K. Running) #3

Yes, it’s definitely targeted at wealthy investors. Hence the Golden Visa nickname :wink:

The good news is that it’s more than doable to get another residency visa to Portugal for entrepreneurs/self-employed, pensioners (or others with fixed income), and so on. The main difference is that you will actually have to live in Portugal (which isn’t so bad), while the Golden Visa only requires you to spend 7 days in the country per year—and still qualify for PR and citizenship after 5 years.

(web-dev1) #4

I think Malta’s Global Residency Program is much better.

In Malta, they give you residency for renting out an apartment.

Any non-EU national who pays €8,700 Euros per year for apartment rent will be qualified for residency in Malta.
and that’s about €730 a month. Maltese citizenship gives you the same Schengan access and other EU benefits.

b. Rented
i. a permanent property located in Malta besides from the south of Malta (see below): €9,600 per annum
ii. a permanent property located in the south of Malta (see below): €8,750 per annum
iii. Gozo: €8,750 per annum

(Thomas K. Running) #5

Malta’s program is definitely worth considering, but it does have a few drawbacks compared to the Portuguese one:

  • You actually have to live in Malta most of the year. In the Portuguese program you only need to be in the country 7 days per year.
  • In Malta you pay a minimum of €15,000 tax per year. Depending on your situation, you can avoid tax altogether in Portugal for 10 years (thanks to the NHR program).
  • And honestly, Portugal is a much nicer place to live.

But if you are someone with a reasonable income (say at least ~€100,000/year—given the Maltese minimum tax), but not yet have enough capital to afford the Portuguese program, and also don’t mind living in Malta most of the year—then yes, the Maltese program might be for you.

(Shivani Mathur) #6

Very insightful article. It’s exactly what I’ve been looking for for a while.

I have a question: I’ve read on quite a few websites that a parent who is over 65 years old is automatically considered a dependant under the Portuguese Golden Visa program, and residency is extended to them without having to provide documentation of no income etc. to prove dependency during the application process. Is this correct?

(Thomas K. Running) #7 can you comment on @Shivani’s question?

(Alexander Dumont dos Santos) #8

Dear Shivani, I hope you are fine.
Yes, it is correct.
The practice has been that the documents to prove economic dependency by a parent are only requested when they are under the age of 65. Usually the documentation to prove this are the IRS (showing no income), bank statements, transfers made, payment of bills for the dependent,etc.
They still will need to provide the other documents requested by law.
Kind regards,

(Shivani Mathur) #9

Hello, Alexander. Thank you so much for your reply! Yes, I understand that the other documents must be provided, but just wasn’t completely sure if documentation for proving economic dependency for my 66 year old mother would have to be included in the list of documents. Thanks again for your help! :grinning:

(Joao Marques) #10

Golden Visa is quite an interesting residency scheme. Nonetheless, there are a few other options which are way more interesting to obtain Residency in Portugal. For instance, D-2 Visa for Entrepreneurs, Startup Visa for bright minds (Since 2018), and Tech Talent Visa (Starting from January 2019) are options to consider.

(Thomas K. Running) #11

Definitely, as long as you are planning on actually living in Portugal. The Golden Visa is more for those who don’t want to relocate full-time to Portugal yet, or don’t qualify for any of those visas.

(Henrique) #12

Hi there,
nice article!
We are planning to sell our house right in the center of Porto (Portugal).
It is worth at least 500.000 to 550.000€ and is completely renovated like new.
Does anyone know how to address potential golden visa investors?

(Toni A) #13

Can you make some reviews on Germany?

(Ming Lee) #14

If you send me the details of your property, we are looking to make a purchase.
thanks! there are a lot of brokers working on these golden visa schemes including portugal homes who offers full service legal, rental, application support, etc.
otherwise contact any real estate broker listed in the article

(Bora) #15

Hi, My name is Bora. I am looking for an investment in Portugal. My email is
Please feel free to contact me. Regards,


(Neil) #16

Great article!

Is there any clarity on how much they look into dependency? For instance, if a child is say 30 years old during the third year but is still studying and is dependent on the main member, will he still be seen as a dependent child? Also, do you still need to prove dependency after the 5th year? What happens if the child is working and married by then?

Many thanks for your help!

(Filipe) #17

No, a dependant has to be 25 or less, or over a certain age if the dependant is an older parent, in which situation age is more flexible, but for sons it’s definitely 25

(Henrique) #18

Hi Bora,
I have send you a mail.

(Henrique) #19

I have heard a lot about foreigners who bought a house in Portugal. Mainly in Lisbon or Porto.
Seems to be a good way to easily achieve a Visa for EU.
If anybody needs help you can contact me:
We are foreigners here, too and have made our experiences with authorities, insurance company, banks and so on.
And we will sell our house for the best offer this year.

(Lynn rees) #20

Hii - thank you for investing the time to write such an informative article on Portugal’s Golden Visa program. But I do have one question still - my husband and I are considering early retirement in Portugal. If we were to purchase a rehabilitation project for 350,000 euro, during the five years leading up to citizenship, would we have access to the Portuguese medical program or would we have to wait until residency is granted at 5 years? And if required to wait until 5 years, up until that time, we would be required to purchase private insurance is this correct? Thank you!