Portugal has confirmed that its Golden Visa Program will remain active in 2025, despite major changes—most notably, the complete removal of real estate investment as a qualifying route.
This decision follows the October 2023 enforcement of the Mais Habitação Law, which aims to combat the housing crisis. However, rather than ending the program, the government is rebranding and expanding it, focusing on investments that benefit the wider economy.
🚫 Real Estate Route Closed
Investing in property or real estate-related funds no longer qualifies for a Golden Visa. This marks a significant shift but opens doors for more meaningful and sustainable contributions to Portugal’s economy and culture.
✅ New Investment Routes for 2025
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Venture Capital Funds – Invest €500,000+ in approved non-real estate funds supporting innovative Portuguese businesses.
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Job Creation – Start a company that creates 10 full-time local jobs.
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Scientific Research – Invest €500,000+ in accredited research institutions.
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Cultural Heritage – Donate at least €250,000 to preserve Portugal’s culture or support the arts.
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Company Formation – Inject €500,000 into a business that creates 5+ permanent jobs.
| Investment Option | Minimum Investment | Key Requirement |
|---|---|---|
| Venture Capital Funds | €500,000 | Must be in approved, non-real estate funds |
| Job Creation | N/A | Create at least 10 full-time jobs |
| Scientific Research | €500,000 | Invest in public/private accredited institutions |
| Cultural Heritage | €250,000 | Support cultural or artistic projects |
| Company Formation | €500,000 | Establish a company and 5+ jobs |
🔄 New Digital Processing and Citizenship Perks
Portugal has digitised its entire Golden Visa process, aiming to improve speed and transparency. One key benefit: the five-year countdown to citizenship now starts when you submit your application, not when it’s approved—saving investors time.
🔥 Demand Remains High
Despite the phase-out of real estate, 2024 saw a record 5,000+ Golden Visas issued. The program still offers:
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A pathway to EU citizenship
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Minimal stay requirements (7 days per year)
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Family inclusion for spouses, children, and parents
📌 Final Thoughts
Portugal’s Golden Visa isn’t ending—it’s evolving. With its digital upgrade and expanded qualifying routes, the program remains one of the most attractive investment migration options in Europe. Investors should shift focus from property to venture capital, research, and business creation to benefit from this next chapter.