

Portugal's Cultural Heritage Golden Visa Gains Popularity, Attracts €12 Million in Investments
Portugal’s Cultural Heritage Golden Visa program has seen a surge in popularity, attracting €12 million in investments in 2024—a 165% increase from €4.5 million in 2023.
Cultural Heritage Investment Gains Momentum
Although Portugal’s Residency-by-Investment scheme was launched in 2013, the Cultural Heritage option was only introduced in 2020. This pathway allows international investors to contribute to Portugal’s cultural preservation in exchange for residency.
Since its inception, the Cultural Heritage option has generated €22.15 million in investments, according to Imi Daily. Madalena Monteiro of Liberty Legal, who secured data from the Centro Português de Fundações (CPF), highlighted that this investment route saw significant growth in 2024-2025, largely due to the abolition of the real estate investment option.
In the first quarter of 2025 alone, the Cultural Heritage pathway contributed €850,100, funding 38 cultural projects across Portugal.
Portugal to Speed Up Golden Visa Processing
In February 2025, Portuguese authorities announced plans to accelerate the processing of Golden Visa applications through digitalization. The Agency for Integration, Migration and Asylum (AIMA) will:
- Digitize the current paper-based application system to reduce delays.
- Schedule biometric appointments within 30 to 90 days of online application completion.
- Accept untranslated documents in Spanish, French, and English.
Despite efforts to streamline the process, delays persist. Lisbon-based immigration lawyer Bettino Zanini told Bloomberg News that nearly half of his 50 Golden Visa clients have taken legal action against Portugal due to processing backlogs.
Portugal’s Golden Visa Still Attracts Global Investors
Portugal’s Golden Visa Program remains one of Europe’s most sought-after residency schemes. Even after the removal of the real estate investment option to tackle the housing crisis, interest remains high.
Since its launch in 2012, the program has generated over €7 billion ($7.2 billion) in investments, reinforcing its role as a key driver of foreign investment in Portugal.
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