Portugal Golden Visa 2025: Complete Guide for American Investors
Everything you need to know about Portugal's Golden Visa program in 2025, including new investment options, timeline, costs, and the path to Portuguese citizenship.
Everything you need to know about Portugal's Golden Visa program in 2025, including new investment options, timeline, costs, and the path to Portuguese citizenship.
Law 56/2023 effectively ended new real estate-based Golden Visas from 7 October 2023, limiting future residence-by-investment applications to productive investments while protecting existing holders.
Decree-Law 14/2021 fundamentally reformed Portugal's Golden Visa program by redirecting real estate investments away from major cities and raising investment thresholds for more productive capital.
The 2021 Golden Visa reform confirmed investment funds remain viable, requiring CMVM regulation and at least 60% capital investment in Portugal, making funds increasingly attractive to sophisticated investors.