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Golden Visa Program Statistics: How the Investment Route Evolved in 2024
Analyzing Golden Visa application trends following the end of residential real estate eligibility, with investment funds becoming the dominant pathway.
The Portuguese Golden Visa program has undergone significant transformation since the removal of residential real estate as a qualifying investment route.
Application Trends
Following the October 2023 changes:
- Investment Fund Applications: Now represent the majority of new applications
- Capital Transfer Route: Increased interest in the €1.5 million capital transfer option
- Donation Route: Growing use of the €250,000 cultural/heritage donation pathway
Investment Fund Growth
The €500,000 investment fund route has seen:
- Multiple new funds launched specifically for Golden Visa investors
- Focus areas including venture capital, private equity, and real estate (commercial)
- Enhanced due diligence by fund managers on investor suitability
Nationality Distribution
Top applicant nationalities continue to be:
- United States
- China
- Brazil
- South Africa
- Turkey
Processing Times
With reduced application volumes post-reform:
- Initial approval: 4-8 months average
- Residence card issuance: 2-4 months after approval
- Renewal processing: Improved from previous backlogs
The program continues to attract investors seeking EU residency rights, though the investor profile has shifted toward those comfortable with longer-term, less liquid investment structures.