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Portugal Golden Visa: Who Can Still Benefit From It and Everything You Need to Know!


Previously, the Government of Portugal announced that it approved the ending of two Golden Visa routes as part of the “More Housing Program”; the termination of new residence permits for investment in housing and the option to transfer at least €1.5 million into a Portuguese bank account.

However, the program has not been put completely to an end, as there are still ways to get a Portuguese residence permit by simply investing in Portugal.

Upon the implementation of the new changes to the Golden visa scheme, there remain four routes of investment for getting residency in the country, as follows:

  • Investment amounts required Investment in a fund – half a million euros
  • A capital investment- €1.5 million
  • For Science and Research – half a million euros
  • Persons looking to create jobs will be required to invest half a million euros and also guarantee at least five new jobs

The proposal for new changes to the Golden Visa Program was introduced earlier this month by the Government of Portugal, and it was backed by the Assembly of the Portuguese Republic, with votes in favour of the Socialist Party, Bloque de Izquierda, as well as the Portuguese Communist Party.

The new amendments applied to the Residency by Investment Schemes of Portugal mean that real estate investment in the residential sector of Porto, Lisbon and Braga is banned. However, the autonomous regions of the Azores and Madeira opposed such proposals.

In addition to considering it unilateral, the President of the Government of the Azores, Jose Manuel Bolieiro, condemned Portugal’s decision to terminate new residence permits for investments in housing.

Besides, Bolieiro said that the measures had relevance for the economic ties of the Azores.

“I will not be a commentator on the decisions. What I can say is the position of the Government of the Azores, which was favourable to the continuity of the golden visas and, taking into account their purpose, to express our disagreement and protest for the unilaterality of the decision,” he told Lusa agency.

At the same time, the President of the Autonomous Region of Madeira, Miguel Albuquerque, considered such changes counterproductive. He said that the project makes Local Accommodation a meaningless scapegoat in terms of housing problems, emphasising that it defrauds the confidence of the investors.

Authorities in Portugal announced that they would terminate their Golden Visa Scheme, as part of the More Housing Program, on February 16, due to the housing crisis with which the country is dealing.

The Golden Visa Program has permitted wealthy foreign investors for more than ten years now to acquire residency in Portugal, provided they met specific conditions and contributed to the country by making a financial investment.

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Monte OZ
Monte OZ is a highly accomplished and respected international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger based in Africa. With a passion for storytelling, a sense of adventure, and an eye for all things captivating, Monte has become a prominent figure in the world of travel, entertainment, and lifestyle journalism. Born and raised in Africa, Monte developed a deep appreciation for the continent's diverse cultures, rich heritage, and vibrant entertainment scene. His upbringing fueled his desire to share Africa's untold stories and showcase its dynamic lifestyle to a global audience. Monte's extensive experience and expertise have made him a sought-after authority on all things related to travel, adventure, entertainment, and lifestyle in Africa. As an international freelance journalist, Monte has made significant contributions to various prestigious publications worldwide. His captivating articles, insightful interviews, and engaging features have graced the pages of leading entertainment magazines, lifestyle publications, and reputable news outlets. Monte's unique ability to capture the essence of Africa's entertainment and lifestyle scene has garnered widespread acclaim and recognition. With a love for exploration and a thirst for adrenaline, Monte also thrives as an active adventure reporter. He has embarked on daring expeditions, immersing himself in Africa's wild landscapes, and documenting his adrenaline-pumping experiences. Whether it's conquering treacherous peaks, exploring remote jungles, or engaging in heart-pounding activities, Monte's adventurous spirit and daring escapades inspire readers to embrace their own sense of adventure. In addition to his work in journalism and adventure reporting, Monte is a leading entertainment & lifestyle blogger in Africa. Through his influential blog, he offers readers an insider's view of the continent's vibrant entertainment scene, trendy hotspots, fashion trends, culinary delights, and cultural experiences. Monte's unique blend of storytelling, personal insights, and expert recommendations has made his blog a go-to resource for entertainment and lifestyle enthusiasts seeking the pulse of Africa's dynamic culture. Beyond his professional pursuits, Monte is a passionate advocate for promoting Africa's talent, creativity, and cultural diversity. He actively supports and champions emerging artists, musicians, designers, and entrepreneurs, helping to showcase their work to a broader audience. Monte's dedication to promoting Africa's vibrant entertainment and lifestyle industry has positioned him as a respected influencer and tastemaker within the African and global entertainment communities. With a commitment to excellence, a passion for exploration, and a talent for captivating storytelling, Monte Oz continues to captivate audiences worldwide. As an international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger, his work has left an indelible mark on the world of journalism, travel, and entertainment, solidifying his position as a trusted authority and go-to resource for all things related to African travel, adventure, and lifestyle.