Overview
‍

With global interest in European residency programs rising, investors have long compared the Golden Visa options in Spain and Portugal. However, 2025 brings major shifts—Spain is ending its program, while Portugal has strengthened its fund-based options. In this article, we break down the current state of each program and explain why Portugal remains the clear leader for investors seeking flexibility, security, and a path to EU citizenship.

‍

Spain’s Golden Visa Program: Ending in 2025
‍

Spain’s Golden Visa once allowed investors to obtain residency through real estate and other qualifying routes. But in early 2025, the Spanish government announced it would close the program.
‍

Key Details:

• Minimum Investment: €500,000 in real estate (previously)
• Residency Requirement: No mandatory stay, but 10 years of full-time residency needed for citizenship
• End Date: Final applications must be submitted by April 3, 2025
• Reason for Closure: Pressure to cool housing inflation and address housing inequality
• Family Inclusion: Yes, including spouse and dependent children

Portugal’s Golden Visa Program in 2025
‍

Portugal continues to run a robust and flexible Golden Visa program. Although real estate investment is no longer eligible, investors can still apply through regulated funds, scientific research, or cultural contributions.
‍

Key Details:

• Minimum Investment: €250,000 to €500,000 depending on category
• Residency Requirement: 7 days in the first year, 14 days every two years after
• Citizenship Eligibility: After 5 years of legal residency
• Investment Routes: Funds, cultural heritage, research, and job creation
• Tax Regime: Non-Habitual Resident (NHR) benefits available for 10 years
• Family Inclusion: Yes — spouse, children, and dependent parents

Why Portugal Is the Smarter Option in 2025
‍

With Spain's exit from the Golden Visa market, Portugal stands out for several reasons:

• Lower Entry Cost: Fund investment starts at €500,000; cultural or research contributions from €250,000
• Faster Path to Citizenship: 5 years versus Spain’s 10
• More Flexibility: Minimal physical presence required
• Proven Program Stability: Portugal has continuously adapted its program while preserving investor appeal
• Attractive Tax Regime: The NHR status creates major tax benefits for eligible applicants
  ‍

Final Thoughts
‍

In 2025, Portugal’s Golden Visa isn’t just the better option — it’s the only one still available in Western Europe with real long-term value. With flexible stay requirements, tax benefits, and a 5-year path to citizenship, Portugal has become the top choice for global investors seeking European residency.

If you're evaluating your options, now is the time to act while the program remains open and attractive.