How this works
The Golden Visa is officially the ARI — Residence Permit for Investment Activity. This is not a tax calculation: it is a selector of the routes the law still allows and the minimum money each one needs. Since Law 56/2023, real estate (direct purchase and property funds) and the old €1.5M capital transfer are out. Five routes remain. Pick one below to see the figures and what you must prove.
Frequently asked
Can I still buy property and get a Golden Visa?
No. Law 56/2023 (Mais Habitação), in force since 7 October 2023, removed the real-estate routes — direct purchase, capital transfers spent on property, and funds with real-estate exposure. Anyone who filed before that date keeps their case, but new property-based applications are gone.
What is the cheapest remaining route?
The cultural route: €250k put into artistic production or cultural heritage support, or €220k (20% less) if the investment is in a low-density territory (NUTS III). That is below the €500k required for funds or for setting up a company.
Can the investment funds hold real estate?
No. The €500k route requires non-real-estate collective investment vehicles, set up under Portuguese law, with a minimum 5-year maturity and at least 60% invested in companies based in Portugal. Funds with a property component do not qualify.
How long must I live in Portugal?
Very little: at least 7 days in the first year and 14 days in each subsequent two-year period. That low stay requirement is what makes the ARI attractive to people not ready to relocate. Permanent residence and citizenship, though, have their own rules.
Will the amounts and rules change again?
Probably. The regime has changed several times — minimums rose in 2022, real estate was cut in 2023, and there are recurring proposals to tighten or revisit the remaining routes. Treat this page as a starting point and always confirm current figures with AIMA before acting.
DISCLAIMER
General information, not legal or tax advice. The ARI routes and amounts have changed several times and may change again; the figures shown here reflect the regime in force after Law 56/2023 and were checked against AIMA's official pages. Always confirm current requirements with AIMA or a lawyer before deciding anything. Reference year: 2026.