Europe

Portugal Golden Residence Permit Program (ARI)

Just 7 days presence required annually. Investment from EUR 250K in funds or EUR 500K in real estate with EU citizenship eligibility in 5 years.

Program overview

Status: Active
Minimum Investment: EUR 250K
Established: 2012
Processing Time: 12-18 months
Schengen Access: Yes

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Investment options

Investment Funds

EUR 500K

Donation

EUR 250K

Citizenship requirements

Eligibility

After 5 years

Language

Portuguese

Test

Required

Key benefits

Schengen area access

NHR ended for new applicants 2024; previous beneficiaries retain status

Travel to 26 Schengen countries

Family inclusion

Spouse

Dependent children up to age 21

Parents

Tax situation

Default Rates

Eligibility: Any resident
Duration: Indefinite
Income Tax: 12.5-48%
Foreign Income: Taxed
Capital Gains: 28%
Dividends: 28%
Wealth Tax: None
Inheritance Tax: 10%

IFICI+ Tax Incentive

Eligibility: Not resident prior 5 years
Duration: 10 years
Income Tax: 20% flat
Foreign Income: Exempt
Capital Gains: Exempt
Dividends: Exempt
Wealth Tax: None
Inheritance Tax: None

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Non-Habitual Resident (NHR) Regime

Eligibility: Not resident prior 5 years
Duration: 10 years
Income Tax: 20% flat
Foreign Income: Exempt
Capital Gains: 0%
Dividends: 0%
Wealth Tax: None
Inheritance Tax: None

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Tax Type	Default	IFICI+ Tax Incentive	Non-Habitual Resident (NHR) Regime
Eligibility	Any resident	Not resident prior 5 years	Not resident prior 5 years
Duration	Indefinite	10 years	10 years
Income Tax	12.5-48%	20% flat	20% flat
Foreign Income	Taxed	Exempt	Exempt
Capital Gains	28%	Exempt	0%
Dividends	28%	Exempt	0%
Wealth Tax	None	None	None
Inheritance Tax	10%	None	None
		Learn more	Learn more

Program details

Portugal's Golden Residence Permit Program (ARI) offers EU residency through investment in regulated funds or cultural donations. The real estate investment option was eliminated in October 2023.

The program features exceptionally minimal physical presence requirements: just 7 days in the first year, then 14 days per subsequent 2-year period. This makes it one of the most flexible residency programs in Europe.

A2 Portuguese language proficiency is required for naturalization. The citizenship timeline saw recent legal developments: Parliament passed a 10-year extension in October 2025, but the Constitutional Court struck down key provisions as unconstitutional on December 15, 2025. The law must return to Parliament for revision. The current 5-year pathway remains in effect pending legislative resolution.

Note: The NHR tax regime ended for new applicants in January 2024, with final transitional applications accepted until March 31, 2025. Previous beneficiaries retain their status for the full 10-year period.

Interested in Portugal's Golden Residence Permit Program (ARI)?

Our advisors can guide you through the application process and help you evaluate if this program fits your goals.

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