The Golden Visa is a temporary residence permit, which the law calls “residence permit for investment” – pursuant to article 90-A of Law No. 23/2007, of 4 July.

The rules governing the granting of Residence Permit for Investment (ARI/Golden Visa), in force from 8 October 2012, enable third country nationals to obtain a temporary residence permit to conduct business activities with visa waiver to enter national territory.

All third country citizens who conduct an investment activity, as an individual businessperson or through a company set up in Portugal or in another EU Member State and who, in addition, are stably settled in Portugal, provided these citizens fulfil the quantitative requirements and the time requirements set out by the relevant legislation, may apply for a Residence Permit for Investment.

Portuguese, EU and EEE nationals are not eligible for the ARI/Golden Visa scheme.

The beneficiaries of ARI / Golden Visa are entitled to:

• Residence visa waiver for entering Portugal;
• Living and working in Portugal;
• Visa exemption for travelling within the Schengen Area;
• Family reunification;
• Applying for permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July with the current wording);
• Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled (Act number 37/81 of 3 October, as amended);
• Access to the Non-Habitual Residency Program: Golden Visa holders in Portugal can register as fiscal residents for tax purposes. The program offers tax-free incentives on certain categories for up to ten years related to your global income such as royalties, occupational pensions, real estate income, and dividends.  

The holder of a residence permit for investment can work in Portugal without restrictions. Furthermore, since the investor can add his/her spouse and other dependent family members when applying for the residence permit, the investor and his/her spouse can work and pursue professional activities in Portugal.

Yes, it is possible to include family members on the Golden Visa application through the mechanism of Family Reunification.

In the Golden Visa application, the request for family reunification can be made simultaneously with the main application from the investor and will then be dependent on the approval of the latter.

According to Law No. 23/2007, of 4 July, family members are considered:

• The spouse;
• Underage or incapable children under guardianship of the couple or of one spouse;
• Minors adopted by an unmarried applicant, by a married applicant or by the spouse, following decision taken by the relevant authority of the Country of origin, provided that legal framework incorporates the same rights and duties of natural affiliation and provided that decision is acknowledged by Portugal;
• Adult children (over 18 years old), dependent of the couple or one of the spouses, who are unmarried and attending a teaching institution, independent of the country in which it is located;
• Parents of the applicant or the respective spouse provided that, if they are below 65 years old, they are dependent on either of them, meaning that they are supported financially by the Investor;
• Underage siblings under custody of the applicant or the respective spouse, following decision by a relevant authority in the country of origin, as long as that decision is acknowledged by Portugal.

Yes, couples who are together by civil partnership/domestic partnership (in Portuguese União de Facto) are entitled to the Golden Visa the same way a married couple is.

The only difference is that it is necessary to prove that the union has started at least 2 years prior to the date of the application.

Yes, adult children need to remain single and full-time students on each renewal application and not only in the initial submission of the application.

The investment can be made as an individual or through a private limited company, in which the sole shareholder of the company is the main investor, according to the article 65-A of the Regulatory Decree n. 84/2007, of November 5th.

Although the government does not allow using cryptocurrency to directly pay fees, taxes, and the costs related to the Golden Visa application, it would be possible for the investor to use cryptocurrency as the source of funds to make the investment.

Defined as a crypto-friendly country, Portugal offers a banking system that accepts cash-outs from cryptocurrencies and issues the Golden Visa declaration to the investors (Declaration from your bank in Portugal confirming the transfer of funds – a required document for your application).

Cryptocurrency and Taxes

Unlike the USA, which treats cryptocurrency as property, taxing it similarly to stocks or real estate, Portugal still treats cryptocurrencies as a way of payment. Winnings resulting from withdrawals and crypto-to-crypto transactions are not taxed.

The earnings on the sale of cryptocurrency are not taxable under the current Portuguese tax system unless by the regularity of the transactions it constitutes a professional or business activity of the taxpayer.

The investment should be maintained for the initial five-year period, in compliance with the provision of paragraph 15 of article 65.º-D of the Regulatory Decree n. 84/2007, of November 5th, which regulates Law n. 23/2007, of July 4th.

After obtaining the citizenship or permanent residency, the investor may then choose to liquidate the investment.

After the investment has been made and the investor has obtained all the necessary documents for his/her Golden Visa process and the documents for the family members, it is possible to submit the applications for the granting of a residence permit for investment.

First Step: Submission of Golden Visa application:

The Golden Visa application is only possible through the ARI Portal and it´s not possible to deliver the application and documents in person. 

Second Step: SEF Pre-approval:

 After the submission of the application, SEF will analyze the documents submitted and will send a notification with its acceptance.

Third Step: Biometrics Appointment: 

With the acceptance of the application, we move on to the biometric scheduling stage. 

Regarding the booking of biometrics, in December of 2021 SEF has changed its policy and now it is SEF that notifies the applicant when he/she can schedule the appointments for him/her and for the family members. Notifications are sent chronologically, considering the date of submission of the application.

Fourth Step: GOLDEN VISA Card Approval:

After the collection of the biometrics, SEF will analyze the documents that will be presented on the day the appointment. After the analysis of the process, SEF will send a notification with the approval of the Golden Visa card. 

For the Golden Visa application, all civil documents must be duly legalized. If the documents are issued by a country member of the Hague Convention of 1961, the documents should be apostilled (by means of the apposition of the Hague apostille).

On the other hand, if the documents are issued by a country not member of the Hague Convention of 1961, they should be authenticated by the Ministry of Foreign Affairs by the issuing country and subsequently legalized by the competent Portuguese Embassy or Consulate.

Currently, the application analysis fee is €539.66, and this amount is payable after the online submission.

The issuance of the Golden Visa card fee is €5.391,56 (for concession) and €2.696,29 (for renewal), and this amount is payable after the notification sent by SEF with the approval of the Golden Visa card.

The values mentioned are subject to annual revision, and the ones mentioned are in force since 03-05-2022.

The time of stay in Portugal before the residence title is granted does not count for the time requirement of the five years of legal residence in Portugal.

The period of five years of legal residence in Portugal only starts to count from the date of issue of the first residence card.

For the renewal of the residence permit, its holder is required to: 

• Have fulfilled their tax and social security obligations;
• Has not been convicted in penalty or penalties that, isolated or cumulatively, exceed one year of imprisonment;
• Have fulfilled the minimum periods of stay of, at least, for 7 days (if the residency card is valid for one year) or 14 days (if your residency card is valid for 2 years).
• Prove the maintenance of the investment initially made in national territory.

At the end of the five-year period of residence permit in Portugal, the investor can choose between the following options:

• Continue his/her temporary residence process in Portugal:
• Apply for permanent residence in Portugal;
• Apply for the Portuguese citizenship.

Yes, the Golden Visa card holder may request the Permanent Residency after having the Temporary Residency (meaning, the Golden Visa card) for at least five years.

Yes, for instance it is necessary to prove basic knowledge of the Portuguese language. For that, the applicant may need to pass a level A2 Portuguese language test.

Regarding obtaining Portuguese citizenship, according to article 6, number 1 of the Nationality Law, Portuguese nationality can be granted to foreigners who fulfill the following requirements:

• To be of legal age;
• Have legally resided in Portuguese territory for at least five years;
• Have sufficient knowledge of Portuguese (level A2);
• Have not been convicted of a sentence of imprisonment of three years or more for a crime punishable under Portuguese law;
• Do not constitute a danger or threat to national security or defense by their involvement in activities related to the practice of terrorism, under the terms of the respective law.

The Portuguese citizenship has some advantages when comparing to the permanent residency, such as:

• No minimum stay requirement to maintain the Citizenship;
• Portuguese citizens are entitled to visa-free travel to more than 183 countries besides EU and Schengen country members.

In February 2021 a Decree-Law that revived the Golden Visa program was published, determining the change of the regime with effects from the beginning of the year 2022.

The change of the Law affected the real estate investment on residential property that is now only possible in real estate located in Azores, Madeira, and inland territories of Portugal, taking out Lisbon, Porto and Algarve of the list of possibilities.

This territorial limitation does not apply however to investment in commercial real estate, which has led to an increase in demand for properties intended for commercial purposes.

Besides any change of the Law having to go through multiple steps, from proposal, voting, publication and a time between publication and entry into force, there is a general principle of non-retroactivity of the law, meaning that it only applies for the future.

In practical terms, any future change of the law does not affect Golden Visa applications already submitted or even the possibility of renewal of residence permits granted under a previous regime.

For many aspiring residents and future citizens of Portugal, learning the Portuguese language is a key milestone. However, it does not have to be an overwhelming challenge. The Portuguese Lab by IAS is a specially designed initiative aimed at helping individuals achieve the A2 level of Portuguese—a basic yet essential requirement for those seeking permanent residency or citizenship. This program is tailored to make language learning accessible and manageable, ensuring clients can comfortably meet this important criterion.

In this interview, we delve into the inspiration behind the Portuguese Lab, its unique offerings, and how it supports clients through the process of learning Portuguese, making their transition to life in Portugal as smooth as possible.

The idea behind the Portuguese Lab was born out of a simple observation: many of our clients were facing challenges in meeting the language requirement for Portuguese nationality or permanent residency. We realized that the existing options did not fully cater to the unique needs of people who are busy, often nervous about learning a new language, and in need of a solution that fits into their lives seamlessly. By creating the Portuguese Lab, we aim to make this process easier, less stressful, and more accessible, ensuring that our clients can confidently achieve the A2 Portuguese language certificate, a crucial step in their journey.

The Portuguese Lab stands out because it is not just about learning a language; it is about making the entire process of obtaining Portuguese residency or citizenship smoother and more personalized. We understand that everyone has different comfort levels and learning styles. That's why we offer two distinct paths. Our “Já Está” Platform is perfect for those who prefer a self-paced, exam-focused approach, helping them improve their daily conversational skills and prepare for the A2 certificate exam. Conversely, the PLA option is tailored for individuals who thrive in a structured learning environment and appreciate steady progress without the need for a concluding exam. This option provides structured, interactive learning without the pressure of a final test. Both paths are designed with our clients’ success in mind, ensuring that they get the support they need in the way that suits them best.

The main difference lies in the approach to certification.

The PLE route, supported by our “Já Está” Platform – a platform thought out and customized to the needs of our clients, is exam-oriented and designed to assist those who intend to take the A2 certificate exam. It is a flexible, self-paced program that covers everything from basic grammar to conversational practice, allowing students to prepare thoroughly on their own schedule. It covers everything from basic grammar to conversational practice. In this format, the student enrolls in a study aid platform, where they have to complete 112 hours. With our teachers' support, the “Já está” platform aims to prepare students for the CIPLE exam. With the “Já Está” platform, students can learn Portuguese at their own pace and according to their availability and timetable.

The PLA route, in turn, is designed for learners who prefer a guided experience without the pressure of a final exam. It is a comprehensive, 150-hour online course with continuous support from certified teachers. This route is perfect for those who want to achieve certification through regular class participation rather than testing. The main difference between the two options we present to our clients is whether or not they must take a final exam to obtain the A2 certificate in Portuguese. Throughout the program, you will participate in interactive classes led by certified teachers who guide you every step of the way. The focus is on practical language skills, so you will engage in activities that help you grasp the essentials of Portuguese. Upon completing the 150 hours, you will earn an A2 certificate, an essential residency or citizenship requirement.

Regarding PLA, to meet the diverse needs of our clients, we have partnered with two types of institutions. If you’re looking for a fully personalized experience, our bespoke partner offers flexible schedules, smaller class sizes, and even the option for private lessons. For those who prefer a more traditional approach, our public-school partner provides a structured program with set schedules—classes are held three days a week, three hours per day. While this option requires a minimum number of students to form a class, it ensures that the 150-hour program is completed within a predefined timeframe. Both options are designed to fit different lifestyles and learning preferences, ensuring every student can find the right path to achieving their A2 certificate.

The certificates you receive after completing either route are permanent. The certification for the PLE track does not expire and is issued once you pass the exam. Similarly, successful course completion grants a certificate with no expiration date for the PLA track, ensuring you meet the language requirement for residency or citizenship for life.

Yes, every aspect of our program is fully online. We know that our clients lead busy lives, often balancing multiple responsibilities, so we have designed the Portuguese Lab to be as convenient and flexible as possible. Whether using the “Já Está” Platform or taking part in the PLA course, you can learn from anywhere, at any time, without compromising on the quality of your education.

The “Já Está” Platform, designed for the PLE option and exam preparation, typically runs for 112 hours.

The PLA track is an option that gives students access to the certification without the need for an exam, in accordance with the law. It runs for 150 hours.

 Both programs are designed to be intensive enough to yield results and flexible enough for participants to balance alongside their other commitments. In the PLA option, the course duration will depend on the modality you choose. If you opt for a partnership with a bespoke partner, the duration will depend on the number of lessons you want to spend per week. In contrast, if you opt for a partnership with a public school, as the timetables are set in advance, the 150 hours are expected to be completed in 3 to 4 months.

For the PLE route, since classes aren’t mandatory, missing a session won’t hinder your progress; it just means you may need more time to complete the required hours. In the PLA option, you can miss up to 10% of the classes without affecting your eligibility for certification.

We understand that life happens, so we have built flexibility into the program to accommodate unexpected absences while complying with all legal requirements in place.

Yes, the PLA option has no final exam like the PLE, but there will be continuous informal assessments. These might include assignments, participation in discussions, and practical exercises. We believe these assessments help you stay engaged and give you a sense of achievement as you progress through the course. Plus, they’re all online, with plenty of support and study materials to help you succeed.

Absolutely. We provide a range of supplementary materials to enhance your learning experience. Whether in the PLE or PLA track, you will have access to downloadable PDFs, practice exercises, video tutorials, and a community forum where you can connect with other students. Our goal is to create a well-rounded learning environment that supports you every step of the way.

Our long-term vision is to help our clients not only fulfill the requirements for Portuguese residency or citizenship but also feel more connected to the culture and community here. By offering tailored language support, we aim to make the transition to life in Portugal as smooth and enriching as possible. We want our clients to feel confident in their ability to communicate in Portuguese, which we believe is a key factor in successful integration and a fulfilling experience in their new home.

The Portuguese Lab is more than just a language program—it is a comprehensive, flexible solution designed to help you meet the essential A2 language requirement with confidence and ease. Whether you choose the exam-focused PLE route or the structured PLA option, you will receive the support and resources you need to succeed. Our program is tailored to your unique needs, offering flexibility, personalized experiences, and a clear path to obtaining the A2 certificate, a crucial step toward achieving Portuguese residency or citizenship.

At IAS, we understand that language learning can be daunting, especially when it is tied to such important life goals. That's why we have created the Portuguese Lab—to simplify this process, making it accessible and manageable so you can focus on what matters most: starting your new life in Portugal with the confidence that you’re well-prepared.

With our expert guidance, continuous support, and a range of learning options, we are here to ensure that your journey toward Portuguese residency or citizenship is as smooth and successful as possible. Welcome to the Portuguese Lab—your gateway to mastering the basics of the Portuguese language and unlocking new opportunities in Portugal.

For more information or to enroll in the Portuguese Lab, please get in touch with us:

Email: ptlab@iaservices.pt
Phone: +351 221144392
Website: IAS - International Atlantic Services (iaservices.pt)

We look forward to supporting you on your journey to becoming a part of the Portuguese community.