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), effective 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 gone. Anyone who already holds a permit under these routes keeps it and can still 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 its property route two years before Spain killed its entire programme, and the political reasoning was the same in both cases: housing affordability. We mark this route as dead because a number of intermediaries still quote the EUR 350k rehabilitation figure to people making 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. The route is closed.
- Route type
- Residency by investment
- Physical presence
- Not applicable
- Permanent residency
- For existing holders: 5 years.
- Citizenship
- Existing holders who had already filed a nationality application before 19 May 2026 stay on the old 5-year rule. Those who had not are now subject to the 10-year rule.
- Language test
- As set out in the general naturalisation rules.
- Dual citizenship
- Permitted
What can go wrong
- If you see 2026 marketing material offering Portuguese residency for EUR 280k–500k of property, one of two things is true. Either it describes a route that is already closed, or it is not describing a Golden Visa at all.
- Existing holders are safe on the permit itself. The citizenship timeline is a separate question, and it only stays favorable if the nationality application was already filed by 19 May 2026.