Golden Visa Investment Options

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Portugal Golden Visa Investment Options – Which One is Best for You?

In my article “Guide to Golden Visas in Portugal” I touched on the investment options required to obtain the Portuguese golden visa. There are many types of Golden Visa options available in Portugal which can be confusing. In this article, we will take a look at the most recent statics, and each investment option and run through current opportunities available.

Portugal Golden Visa Statistics:

Portugal approved 120 golden visas in September 2022, figures from the SEF at the beginning of October show, investments totalling €67.43 million, the program’s second-highest grossing month since June 2020.

Between the start of this year and the end of September, Portugal’s Golden Visa program has raised €465 million from 926 new applicants and 1,099 of their family members.

Below you can see the breakdown of each investment option and how they have changed over the years –

So why is there an overwhelming majority of applicants choosing real estate investment over the other options? There are a few reasons:

Capital Transfer

There aren’t that many people who have the cash or the resources to go for the €1.5 million capital transfer.

Investment Fund

Given the recent market volatility, investors are looking for safer and more stable returns on their investments. A preference voiced by many is that they prefer tangible assets.

Creation of Jobs

Starting a business in Portugal might seem like a great idea, but it also comes with some risks. Creating 10 jobs during the 5-year period you need to maintain them might not be seen as safe, depending on how well your business is doing.


There are two donation options available: €250,000 to approved art or national heritage project; €500,000 to scientific research institutions. The options are too specific and too narrow which leads to a lack of demand.

Real Estate Investment

As we can see from the above graph, the most popular way to obtain the Golden Visa is by purchasing an eligible property. Picking the right property comes down to your requirements and your plans.

If you’re planning to move and live in Portugal within the next 1-2 years, buying a property for self-use may be one of your top choices. Owning your own home gives you a better quality of life in a new country. You have the flexibility to renovate or decorate it however you like, which saves you from paying rent and gives you a sense of settling down in your new home in a foreign country.

If you are looking at ways to get your residency or citizenship/passport, with minimal risk and minimal cost, the commercial property route may be the best course of action for you.

As of January 1st, 2022, where you can invest in real estate to qualify for the Portugal Golden Visa has been restricted. Residential properties purchased in Lisbon, Porto, or the coastal towns do not qualify for the program. Commercial real estate however qualifies all over Portugal still, including hotel investments, some types of touristic apartments, and other commercial real estates.

If you invest in a commercial rehabilitation or Renovation project for a property dated over 30 years of age the minimum is €350,000. If the residential real estate investment happens to be located in a ‘low-density’ area, then applicants automatically get a 20% discount on their investment decreasing the investment amount to €280,000.

The main aim of these types of properties is to generate income. Most have a management company/developer behind them that manages and operates them on your behalf.

This aligns with the objectives of most Golden Visa clients we speak with, as they are not planning to move to Portugal right away. Taking away the need to find the perfect residential property and worry about the rental, management and maintenance and so on.  Now, these commercial projects take care of all of these.

And most of the investments give out guaranteed returns and some even buyback. Fully managed, fully furnished and hassle-free!

Property Opportunities

Below I will cover two brand-new and exclusive opportunities. Both projects qualify as a touristic commercial project and therefore qualifies under Portugal’s new Golden Visa legislation for 2022.

Faro, Riverside

The new project is located in Faro, South of Portugal. The Algarve’s capital has a more distinctly Portuguese feel than most resort towns. It has an attractive marina, well-maintained parks and plazas, and a picturesque cidade velha (old town) ringed by medieval walls. The old town’s winding, cobbled pedestrian streets, squares and buildings were reconstructed in a melange of styles following successive battering – first by marauding British and then by two big earthquakes – and are home to museums, churches, a bone chapel and al fresco cafes.


  • Investment Category €280 000
  • IMT Paid by Developer
  • VAT Paid by Developer
  • IMI exemption during construction period
  • Co-Ownership
  • Boutique Hotel in Historic City
  • Buyback Guarantee in Year 6 of €280 000
  • Developer Track record of 30+ years
  • 7 Days Free Stay per year in any of their hotel’s country wide

Algarve, Yellow Tulip Apartments

Located on the outskirts of the picturesque village of Alvor, this hotel offers modern rooms with a private balcony. It features an outdoor pool, a children’s pool, and a garden with an outdoor fitness centre. All Inclusive sunny holiday offering a relaxed atmosphere with nothing to worry about. Facilities for children include a playground, animation and a cinema. Três Irmãos Beach is less than 1.2 away, while Portimão is 3.1 mi away. Faro International Airport is 47 mi away. Penina and Alto golf courses are within 1.9 mi.


  • Prices start at 1 unit = €285,0000-€293,0000
  • Freehold Touristic Hotel – Full title deed
  • Facilities include: On site restaurant, gym, swimming pool (both indoor and outdoor), large open lawns, exceptional views and private parking
  • Developer will cover: +/-€20,000 – IMT and Stamp Duty costs
  • 100% Buy-back (forward contract) (Optional for Investor)
  • Rental from Years 6-10 = 50/50 Shared Pool
  • Owner can use 2 weeks per year

How to pick the Portugal Golden Visa investment options best suited to me?

For more information, detailed cost analysis on your preferred options or if you have any questions, please click here

Holborn Assets is an established firm with multiple international offices spanning the globe, we provide a professional advisory and implementation services to a select group of private clients. Our specialists work with some of the world’s most established and popular visa programs, law firms, developers, and financial institutions. This allows us to provide clients with a complete end-to-end service.

To speak with one of our consultants, follow the link below to arrange a free consultation



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