Portugal · Golden visa · Temporary residence

Portugal Residence Permit for Investment Activity — Investment Fund

Temporary residence for eligible investors acquiring units in qualifying non-real-estate Portuguese investment funds.

Value scoreCheckingPassport data under review

5-year costCheckingone applicant, not recoverable

DecisionCheckingComparable time under review

Official program page

Value: what the Residence Permit for Investment Activity — Investment Fund gives you

Passport reach 25 pts weightChecking

Path to citizenship 25 pts weight44

Work, family, healthcare 20 pts weightChecking

Stay rule 15 pts weightChecking

Tax on foreign income 10 pts weightChecking

Policy stability 5 pts weight60

Passport: visa-free destinations: Checking
Years to permanent residence: Checking
Years to citizenship: 7 yearsOfficialMinistry of Justice Portugal, checked 2026-11-15Fastest ordinary nationality-based tier: seven years for Portuguese-official-language country nationals; ten years for other non-EU nationals under the law effective 19 May 2026; pending nationality cases retain prior law.
Leads to citizenship: YesOfficialAIMA Portugal, checked 2026-11-15AIMA explicitly permits applications for naturalisation subject to the current Nationality Law.
Can work for a local employer: YesOfficialAIMA Portugal, checked 2026-11-15
Spouse and children included: YesOfficialAIMA Portugal, checked 2026-11-15
Public healthcare: Checking
Minimum stay per year: Checking
Tax on foreign income: Checking
Dual citizenship allowed: Checking
Rule changes, last 24 months: ChangedOfficialMinistry of Justice Portugal, checked 2026-11-15Naturalisation residence requirement changed on 19 May 2026; other eligibility and transitional provisions apply.

Cost: what the Residence Permit for Investment Activity — Investment Fund costs over five years

Government fees: Checking
Non-refundable contribution: $0OfficialAIMA Portugal, checked 2026-11-15Investment-fund route; cultural or research contribution routes are not selected.
Due diligence: Checking
Compulsory extras, first year: Checking
Renewal fees, first 5 years: Checking
Investment you may get back: $553kOfficialAIMA Portugal, checked 2026-11-15EUR 500,000.00; Non-real-estate collective investment units, minimum five-year maturity and at least 60% invested in Portuguese-headquartered companies. Conversion: EUR 500000 to USD at 2026-11-13 reference rates.
Minimum income per month: Checking
Extra for a spouse and two children: Checking
Typical adviser fees (not in the total): Checking

USD estimates use the European Central Bank reference rates of 13 November 2026, the Central Bank of Armenia and the Central Bank of the UAE for AMD and AED, and the Panamanian balboa’s official one-to-one parity with the US dollar.

Speed: how long the Residence Permit for Investment Activity — Investment Fund takes

Official processing time: Checking
Reported processing time (median): Checking
Approval to card or passport: Checking

Sources

Residence Permit for Investment Activity — Investment Fund, AIMA Portugal. Checked 2026-11-15.
Nationality law changes effective 19 May 2026, Ministry of Justice Portugal. Checked 2026-11-15.

Every figure on this page last reviewed 2026-11-15. General information, not legal advice. Spotted an error? Email us from the contact page.

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