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Portugal — Golden Visa & Citizenship by Investment
Not eligible
Property no longer qualifies, and it has not since October 2023.
The investment permit originally ran mostly on real estate — buy above a threshold, get residence. That category, and the plain capital-transfer category that sat beside it, were removed by the housing legislation passed in 2023. The articles were emptied rather than rewritten, which is why a great deal of what is still published online describes a programme that no longer exists. The law now says explicitly that qualifying investments may not be directed, directly or indirectly, at real estate.
You can of course still buy property in Portugal — there is no restriction on foreign buyers. It simply has no effect on your immigration status, and owning a home here gives you no right to live in it beyond the ordinary visa rules.
What still qualifies, and in two quite different shapes. As investments you continue to hold: €500,000 into a non-property Portuguese collective investment vehicle with at least five years to maturity and at least 60% invested in companies based in Portugal, or €500,000 into a Portuguese company creating five permanent jobs. As donations that do not come back: €500,000 to research carried out by Portuguese research institutions, or €250,000 to artistic production or the national heritage through public and public-interest bodies. And with no capital transfer at all: creating ten jobs. The job-creation, research and cultural figures each fall by 20% in low-density territories; the two €500,000 investment figures do not.
If none of those appeals, the honest alternatives are the routes that involve no purchase at all: remote work for employers outside Portugal, living on your own income, a job offer, or — if you have a Portuguese parent or grandparent — descent, which ignores money entirely.