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.