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Residency by Investment Questions

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TopicAll7 Citizenship by investment2 Residency by investment2 Tax & residency1 Family & dependants1 Process & timelines1 Other0

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Residency by investment
Will the EU end golden visas entirely?
Member-state-level closures are likely to continue. Programme-by-programme: • Spain (closed 2025) and Portugal real-estate (closed 2023) reflect the strongest political signal so far. • Greece has tightened thresholds rather than closed — the political consensus is to keep the programme but make it less leveraged. • Malta MEIN and MPRP face ongoing EU Commission infringement scrutiny (case C-181/23 was the first ruling against Malta's CBI specifically). The MPRP residency programme is more durable politically. • Latvia, Hungary and others have already closed their schemes. The Commission can't force a member state to close an RBI programme directly — citizenship policy is a Member-State competence under Article 9 TEU. What it can do is restrict access to the rights citizenship confers (free movement, banking) and apply political pressure. Realistic two-year horizon: expect more tightening, fewer closures, and Caribbean programmes growing in relative importance.
Adrian Sinclair · Senior Partner & Head of European Programmes
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Residency by investment· From United Kingdom
Is the Portugal Golden Visa still worth it after the real-estate route closed?
For most clients in your bracket, yes — Portugal's pathway to citizenship after five years is still uniquely strong in the EU, and the closure only removed one of several routes. The most common substitution is the qualifying-fund route (€500,000 in approved Portuguese venture or private-equity funds), which preserves both the residency threshold and the asset-recoverable structure. Other live routes include capital transfer (€1.5m) and the cultural-donation route (€250,000 to Portuguese cultural heritage). The key advantage Portugal retains over Greece, Malta MPRP and Spain (now closed) is the seven-day-per-year minimum stay and the citizenship eligibility at year five. You give up the asset-recoverable nature of property, but funds are typically liquid after the residency period and the regulatory environment is now more predictable than during the 2022–2023 reform cycle.
Adrian Sinclair · Senior Partner & Head of European Programmes
🇵🇹 Portugal
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Adrian Sinclair

Senior Partner & Head of European Programmes

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