Portugal Residence Permit for Investment Activity — Investment Fund

Value: what the Residence Permit for Investment Activity — Investment Fund gives you

Passport: visa-free destinations

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Years to permanent residence

5 yearsOfficialAIMA, checked 2026-11-15After at least five years holding temporary residence, subject to resources, accommodation, basic Portuguese and other statutory conditions; ARI has a specific permanent permit.

Years to citizenship

7 yearsOfficialMinistry of Justice Portugal, checked 2026-11-15Fastest ordinary nationality-based tier: seven years for Portuguese-official-language country nationals; ten years for other non-EU nationals under the law effective 19 May 2026; pending nationality cases retain prior law.

Leads to citizenship

YesOfficialAIMA Portugal, checked 2026-11-15AIMA explicitly permits applications for naturalisation subject to the current Nationality Law.

Can work for a local employer

YesOfficialAIMA Portugal, checked 2026-11-15

Same application for spouse and children

YesOfficialAIMA Portugal, checked 2026-11-15

Public healthcare

YesOfficialAIMA Portugal, checked 2026-11-15ARI checklist accepts proof of Portuguese National Health Service coverage as an alternative to private insurance; enrolment rules apply.

Minimum stay per year

7 daysOfficialAIMA, checked 2026-11-15Annualised: seven days in year one, then fourteen days per subsequent two-year period (ARI FAQ 24).

Tax on foreign income

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Dual citizenship allowed

YesOfficialPortuguese Ministry of Justice, checked 2026-11-15Portugal permits another nationality alongside Portuguese nationality; voluntary renunciation requires an express declaration.

Rule changes, last 24 months

ChangedOfficialMinistry of Justice Portugal, checked 2026-11-15Naturalisation residence requirement changed on 19 May 2026; other eligibility and transitional provisions apply.

Cost: what the Residence Permit for Investment Activity — Investment Fund costs over five years

Government fees

$7,710.1OfficialAIMA, checked 2026-11-15Lawfully present, visa-exempt-entry adult using the published 25%-reduced channel and in-person card delivery: EUR632.10 analysis + EUR6,314.20 grant + EUR29.90 delivery. USD conversion: EUR 6976.20 using ECB, 2026-11-13.

Non-refundable contribution

$0OfficialAIMA Portugal, checked 2026-11-15Investment-fund route; cultural or research contribution routes are not selected.

Due diligence

$0OfficialAIMA, checked 2026-11-15In the stated ARI scenario, government analysis is already counted in first-grant fees; no separately billed due-diligence item exists in the complete ARI schedule.

Compulsory extras, first year

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Renewal fees, first 5 years

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Investment you may get back

$553kOfficialAIMA Portugal, checked 2026-11-15EUR 500,000.00; Non-real-estate collective investment units, minimum five-year maturity and at least 60% invested in Portuguese-headquartered companies. Conversion: EUR 500000 to USD at 2026-11-13 reference rates.

Minimum income per month

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Extra for a spouse and two children

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Typical adviser fees (not in the total)

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USD estimates use the 13 November 2026 reference rates of the European Central Bank, Central Bank of Armenia and Central Bank of the UAE, and the Central Bank of Uruguay rate for UYU. The Panamanian balboa uses its official one-to-one parity.

Speed: how long the Residence Permit for Investment Activity — Investment Fund takes

Official processing time

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Reported processing time (median)

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Approval to card or passport

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Sources

1. Residence Permit for Investment Activity — Investment Fund, AIMA Portugal. Checked 2026-11-15.
2. Nationality law changes effective 19 May 2026, Ministry of Justice Portugal. Checked 2026-11-15.
3. Permanent residence: Article 80, AIMA. Checked 2026-11-15.
4. Voluntary loss of Portuguese nationality, Portuguese Ministry of Justice. Checked 2026-11-15.
5. ARI frequently asked questions, AIMA. Checked 2026-11-15.
6. Current administrative fee schedule, AIMA. Checked 2026-11-15.

Every figure on this page last reviewed 2026-11-15. General information, not legal advice. Spotted an error? Email us from the contact page.

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