Portuguese golden visa investments triple outflows despite citizenship law changes

Despite amendments to citizenship legislation, Portugal's golden visa continues to attract foreign investors. Between January and May 2026, golden visa funds received €283 million—nearly three times the amount withdrawn (€94.7 million).

Data from the Portuguese Association of Investment Funds show that 2025 saw record golden visa investments of €732 million. The surge reflects investor urgency to submit applications before new rules took effect on 19 May 2026.

Experts argue that capital outflows represent not waning interest but a strategic move by those seeking to lock in the previous programme's terms. The Portuguese golden visa remains attractive to families owing to minimal requirements: just seven days annually in the country, with no obligation to change tax status. Permanent residency is available after five years, with citizenship achievable after ten years (seven years for EU and BRICS citizens).

By comparison, Italy and Greece require €300,000 annually under similar schemes and a minimum of 183 days per year in-country.

Source: Portugal News