Portugal has officially confirmed that its Golden Visa Program will continue, with new reforms aimed at attracting more high-net-worth individuals. Contrary to speculation, the program will not be discontinued, according to recent statements made by Portugal’s Minister of the Presidency, António Leitão Amaro, as reported by Bloomberg.
The government’s goal is to enhance Portugal's reputation as a premier global investment destination, especially for wealthy internationals seeking European residency.
What Is Portugal’s Golden Visa Program?
The Portugal Golden Visa is a residency-by-investment program designed to attract foreign capital. It provides investors and their families with the right to live, work, and study in Portugal, along with visa-free travel across the Schengen Area.
While the real estate investment route was removed in 2023 due to the country’s housing crisis, other attractive investment options remain available, including:
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Capital transfer and job creation
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Investment in research and development
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Cultural or artistic donations
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Fund subscription routes
Portugal Issued Nearly 5,000 Golden Visas in 2024
According to Portugal News, nearly 5,000 Golden Visas were granted in 2024, setting a new annual record. However, authorities are still handling a backlog of pending applications.
Earlier this month, Pedro Portugal Gaspar, President of the Agency for Integration, Migration and Asylum (AIMA), announced that the government has resumed the processing of golden visa applications, albeit at a slower pace than applicants would prefer.
Attorney Insights & Investor Expectations
Portuguese immigration attorney Tatiana Kazan noted that prior to the real estate route being closed, many foreign investors expected swift residency approvals. While that timeline may have shifted, Portugal remains committed to keeping the program functional and appealing for international investors.
Portugal's Golden Visa Still Open — With New Opportunities
Despite the removal of the real estate investment option, Portugal’s Golden Visa remains one of the most popular residency-by-investment programs in Europe, offering multiple pathways for eligible investors.
The Portuguese government has reiterated that terminating the program is not under consideration, and new measures may be introduced to make the program more robust and transparent.
Need Assistance with the Portugal Golden Visa?
At EU Prime Serwis, we specialize in EU Golden Visa programs, Schengen visas, and residence permits. Whether you're looking to invest in Portugal or explore other EU migration routes, our expert legal and visa advisors are ready to help.
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