The Golden Visa in 2025: What’s Changed and Who Should Still Consider Portugal

Portugal’s Golden Visa 2025 programme has long been a gateway for international investors to gain EU residency through real estate and business investments. But with major reforms introduced in late 2023, many are wondering if the Golden Visa is still worth pursuing in 2025. In this post, we break down the key changes, what remains attractive, and who should still consider applying.

Portugal’s Golden Visa in 2025 – what’s changed and who it benefits.

What Is the Golden Visa Portugal 2025 Program?

The Portuguese Golden Visa (GV) was launched in 2012 to attract foreign investment. It offered residency to non-EU nationals who made qualifying investments in Portugal, often through real estate, in exchange for a path to permanent residency or citizenship after five years.

Key Benefits (Still Valid in 2025):

• Residency in an EU country

• Visa-free travel within the Schengen Zone

• Eligibility for permanent residency or citizenship after 5 years

• Minimal physical stay requirements (7 days/year on average)

• Inclusion of spouse, dependent children, and parents

  
  

What Changed After 2023?

As of October 2023, significant reforms were enacted:

❌ Real Estate Investment Removed

One of the most popular routes — investing in residential property — was phased out. Investors can no longer qualify for a Golden Visa by purchasing real estate (including off-plan or renovation projects).

✅ Still Eligible Investment Routes (2025):

• €500,000 in approved investment funds (e.g., venture capital or private equity)

• €500,000 donation to Portuguese cultural, scientific or technological research

• Job creation through business establishment

• €250,000 in cultural heritage support

  
  

Is the Golden Visa Still Worth It in 2025?

While the programme has narrowed, it still offers strategic benefits — particularly for high-net-worth individuals seeking EU access, lifestyle relocation, or long-term residency flexibility.

✅ It’s Worth It If You:

• Are looking to diversify your residency options (post-Brexit or for geopolitical reasons)

• Want to establish a foothold in the EU without fully relocating

• Have the liquidity to invest in funds or support cultural initiatives

• Are open to business investment in Portugal’s growing innovation sectors

  
  

❌ It May Not Be for You If:

• You were relying solely on property purchase to qualify

• You’re focused on short-term returns over lifestyle benefits

• You’re not comfortable navigating fund structures or donations

Alternatives for Property Investors

If you’re still interested in owning property in Portugal — but not eligible for a Golden Visa — don’t worry. Many non-EU buyers are continuing to purchase holiday homes, investment properties, and second residences in Portugal under standard residency terms.

You can:

• Apply for a D7 Visa (ideal for retirees and passive income earners)

• Consider the Digital Nomad Visa if you work remotely

• Purchase property as a lifestyle or financial investment without the GV tie-in

  
  

How Aqua Vista Can Help

At Aqua Vista, we specialise in premium properties in Portugal, including a luxury villa in Lagos and upcoming apartment projects along the Silver Coast. While the Golden Visa may no longer apply to residential real estate, Portugal’s property market remains a smart lifestyle and investment decision.

Whether you’re exploring the D7 Visa route, considering a relocation, or simply looking for a second home in a vibrant coastal community — our team is here to guide you every step of the way.

Ready to Invest in Portugal?

Explore our exclusive listings and discover why Portugal remains one of Europe’s top destinations for lifestyle and long-term investment. Contact Aqua Vista today for expert advice tailored to your goals.