Portugal · Residency by investment
Golden Visa — real estate and capital transfer routes
Closed
Last verified July 2026
Abolished by the Mais Habitação law (Lei 56/2023) with effect from October 2023. The EUR 500k/EUR 350k property routes, the EUR 1.5m capital transfer route and the EUR 500k listed-securities route are all dead. Existing holders keep their permits and may renew.
This programme is closed. We keep the page up because agents still
advertise it and clients still ask. Nothing below is available to new applicants.
Portugal killed the property route two years before Spain killed its entire programme, and the political logic was identical: housing affordability. We mark it dead because a number of intermediaries still quote the EUR 350k rehabilitation figure to inbound enquiries.
Qualifying routes
€500k
Residential/commercial property purchase
CLOSED October 2023
€350k
Rehabilitation property (30+ years old or in urban regeneration area)
CLOSED October 2023
€1.5M
Capital transfer to a Portuguese bank account
CLOSED October 2023
The facts
- Minimum investment
- €350k
- Total landed cost
- not applicable — route closed
- Physical presence
- not applicable
- Permanent residency
- existing holders: 5 years
- Citizenship
- existing holders who had already filed a nationality application before 19 May 2026 remain on the old 5-year rule; those who had not are now subject to the 10-year rule
- Language test
- as per the general naturalisation rules
- Dual citizenship
- Permitted
What can go wrong
- Any 2026 marketing material offering Portuguese residency for EUR 280k–500k of property is either describing a closed route or is not a Golden Visa at all.
- Existing holders are safe on the permit but not on the citizenship timeline unless their nationality application was already filed by 19 May 2026.