Golden Visa Demand Sparks New Wave of International Investment in Portugal

Portugal is experiencing a strong surge in foreign investment, driven by rising global interest in the country’s Golden Visa scheme.

Since the programme was first introduced, it has generated several billion euros in capital inflows, with one estimate placing total direct investment at approximately €9 billion.

The investment landscape has changed notably since the removal of the real estate pathway. Applicants are now directing capital towards regulated investment funds, venture capital, cultural initiatives, and other non-property alternatives, signalling a broader, more diverse investment profile.

The arrival of high-net-worth investors is also delivering clear benefits to the wider economy. Many Golden Visa applicants spend significant time in Portugal, providing steady business for hotels, restaurants, retail outlets, and service providers, in turn strengthening activity across hospitality, tourism, and consumer sectors.

On a national scale, the overall economic impact is substantial. A report by the World Digital Foundation estimates that the programme has contributed more than €54 billion to Portugal’s economy, underlining its role as a major pillar of foreign investment and government revenue.

The scheme’s continued popularity is tied to its attractive residency conditions. Holders enjoy freedom of movement across 29 EU Schengen nations, face only seven days per year of required residency, and can ultimately progress towards dual EU citizenship and a second passport once they complete the qualifying period.

Experts suggest investor motivations have become increasingly varied. Paul Stannard, founder of Portugal Pathways and the Portugal Investment Owners Club, highlights the shift towards new kinds of investment opportunities.

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“What we’re seeing now is a far more sophisticated investor base,” Stannard said. “People are looking beyond property, choosing opportunities that support long-term economic value and contribute positively to Portugal’s regional and cultural development.”

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Contact Portugal Future Fund to invest in Portugal's Golden Visa residency-by-investment programme

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About Portugal Future Fund

The Portugal Future Fund strategically invests in key sectors, driving growth and innovation across Portugal. Approved for Portugal’s Golden Visa residency-by-investment, it offers a unique opportunity for impactful and rewarding participation.

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Disclaimer: The information on the Portugal Future Fund website and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Portugal Future Fund operates under CMVM regulations but is not directly endorsed by the CMVM or any governmental entity.

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