Portugal has implemented significant changes to its Golden Visa programme, marking a strategic shift away from real estate-based residency and toward alternative investment pathways. These changes, in effect since early 2024 and reinforced in 2025, are intended to support innovation, scientific development, and cultural preservation across the country.

What’s Changed?

Previously, the programme’s primary route to residency was through purchasing real estate — a method that attracted thousands of international investors and contributed to Portugal’s property boom. However, amid growing concerns over housing affordability and social equity, the government has removed the real estate option entirely.

In its place, Portugal now encourages investments in national funds, research and development initiatives, cultural heritage projects, and job-creating ventures. The goal is to attract high-impact investors who will directly support Portugal’s long-term socio-economic development, rather than those seeking passive returns through property holdings.

Current Investment Options

Some of the key qualifying categories now include:

• Capital transfers of at least €500,000 into qualified investment funds
• Donations of €250,000 or more to arts and cultural preservation
• €500,000 investment in scientific research programmes
• Creation of ten or more local jobs through business incorporation

These routes offer meaningful alternatives to traditional real estate investments and are designed to align investor incentives with national priorities.

Why This Matters for Global Investors

Portugal remains one of the most attractive European destinations for investor residency. It offers visa-free access across the Schengen Area, a high quality of life, tax optimisation potential, and a path to permanent residency and citizenship after five years — without the need for permanent relocation.

While the programme has evolved, its core appeal endures. Investors still benefit from Portugal’s political stability, strategic geographic position, and strong international reputation.

Coates Global: Helping Clients Navigate the Transition

As governments adapt their immigration policies to reflect changing domestic needs, legal insight becomes critical. Coates Global provides clients with up-to-date guidance on evolving investor visa requirements and assists in selecting the most strategic path under the restructured programme.

Whether contributing to Portugal’s technological innovation or preserving its cultural identity, clients working with Coates Global are assured of a compliant, efficient, and fully tailored residency strategy.