5 Cheapest Residency or Citizenship by Investment Programs in Europe

3. Portugal

Minimum Investment: $218,000

Portugal, renowned for its stunning landscapes, beautiful beaches, and delectable food, stands out as one of the most sought-after destinations for both tourists and expatriates. Portugal’s Golden Visa Program, initiated in 2012, is among the most coveted residency-by-investment programs in Europe, and notably, one of the most cost-effective.

Since its inception, the program has garnered immense popularity, with over 12,000 people applying. It provides investment opportunities for non-EU individuals through various channels, including bank deposits, business investments, public shares investments, fund investments, and job creations. Among these, investing in the enhancement of artistic production or the recovery and maintenance of cultural heritage is the most inexpensive, with a value of $272,500, or as low as $218,000 in low population density areas.

While the application process takes a bit longer than some other European programs, ranging from 4 to 15 months, permanent residency becomes available in 5 years, and citizenship can be attained after residing for 5-6 years.

The Portuguese passport, obtained through this program, enables visa-free travel for its holder to 187 places, including the Schengen areas. Notably, the program boasts the best family inclusion policy, encompassing spouses, children of any age, and parents. The application process can be initiated online from home, and the physical presence requirement during the initial years is minimal, with only 7 days required in the first year and 14 days each in the following two years.

These programs not only allow individuals to live, work, and study according to their needs but also offer high-quality education for applicants and their children. Additionally, the high standard of living in Portugal ensures access to international-level healthcare. Real estate investments in Portugal are known to be very profitable, and noteworthy, there are no taxes unless one stays in the country for 183 days.