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Portugal plans to adapt its golden visa scheme to allow wealthy foreigners seeking residency rights to invest in affordable housing for locals or accommodation for migrants, the cabinet affairs ...
The scheme began in 2012. [6] [7] By 2024, the country has received 7.3 billion euros of funds through the program.[8]In August 2019, according to SEF, Chinese investment in Portugal under the scheme was down during the first eight months of 2019 a decrease of 15.7 percent from the same period of 2018.
Golden Visa chasers helped pump $4.2 billion into Portugal last year—scrapping the scheme probably won’t help locals get on the housing ladder Ryan Hogg May 1, 2024 at 8:03 AM
Another program is the Golden visa law, devised in 2012. It is an immigrant investor program by the government of Portugal that granted residency in Portugal to people who invested in properties worth at least €500,000 or created 10 jobs in Portugal. [115]
The EB-5 visa program, which is also called as the Golden Visa program, requires applicants to invest between US$900,000 and US$1.8 million, depending on the location of the project, and requires at least 10 jobs to be either created or preserved. [41] [42] There is an annual cap of 10,000 applications under the EB-5 program. [43]
Lately, though, Portugal's golden visa has lost some luster. In 2024, a growing backlash from locals prompted the Portuguese government to narrow its visa program .
Portugal isn’t alone in walking back its attractive residency route for the wealthy—Spain recently announced it would scrap its golden visa in a bid to make housing affordable again.
Visa requirements for Portuguese citizens are administrative entry restrictions by the authorities of other states placed on citizens of Portugal. As of 2025, Portuguese citizens have visa-free or visa on arrival access to 190 countries and territories, ranking the Portuguese passport 5th in the world according to the Henley Passport Index .
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