The Portugal Golden Visa, officially known as the Residence Permit for Investment Activity (ARI), was launched in 2012 to attract foreign investment, stimulate economic growth, and offer a pathway to residency and citizenship for non-EU nationals.

Residency & Citizenship Timeline:

• Year 0: Application submission via the AIMA portal; attend biometrics appointment in Portugal.
• Years 1-2: Maintain investment; fulfill minimum stay of 14 days over two years.
• Years 3-4: Renew permit; spend at least 21 days over each two-year renewal period.
• Year 5: Apply for permanent residency or citizenship, meeting language and legal requirements.

Investment Options (2025):

• Investment Funds: €500,000+ in qualified Portuguese venture capital or investment funds supporting sectors like technology and industry.
• Job Creation: Establish a business creating at least 10 full-time jobs.
• Research & Development: €500,000+ transferred into research institutions promoting scientific or technological advancement.
• Cultural/Heritage Preservation: €250,000+ contribution toward projects preserving Portugal’s cultural heritage.

Note: As of October 2023, real estate investments are no longer eligible.

Application Process:

• Select Investment: Choose from eligible investment avenues.
• Prepare Documentation: Gather passport, proof of investment, health insurance, criminal record, etc.
• Apply: Submit via the AIMA ARI portal, independently or with legal assistance.
• Biometrics: Attend appointment in Portugal.
• Approval & Permit: Receive initial two-year residence permit upon approval.

Family Inclusion:

• Spouse or partner
• Children under 18
• Dependent children under 26 (full-time students, unmarried)
• Dependent parents (main applicant or spouse)

Benefits:

• Right to live, work, and study in Portugal
• Visa-free travel within Schengen Area
• Pathway to Portuguese citizenship after five years
• Family members can also benefit
• Minimal stay requirement (~7 days/year)

Considerations:

• Potential delays due to high demand
• It’s advisable to work with experienced legal professionals
• Stay updated on legislative or program changes

Summary:

Portugal’s Golden Visa program remains a compelling route for non-EU investors seeking residence, work rights, and eventual citizenship in Portugal and the Schengen Area. With diverse investment options and family inclusion, applicants can benefit from flexible residency requirements and a clear pathway to European integration.