Citizenship Takes Longer, But That's Not the Main Concern
Starting May 19, 2026, Portugal changes its citizenship law: the residency period for naturalization increases from 5 to 10 years for non-EU/CPLP nationals, and 7 years for EU citizens or CPLP members.
It sounds like bad news. But if you're considering Golden Visa, this isn't as significant a problem as it appears.
Here's why: After 5 years on Golden Visa, you can apply for permanent residency. If your primary goal is securing long-term stay rights, you've already achieved that within 5 years. Citizenship becomes a secondary step, not a requirement.
The Change in Time Calculation Matters More
Citizenship time now begins from the date your first residence card is issued, not from your application submission date. This is a more substantial change than the 10-year figure itself.
Previously, if you submitted your Golden Visa application in January but received your card in June, the clock started in January. Now it starts in June. This matters because applicants typically wait months between submission and card issuance.
If processing takes 6-12 months (as commonly occurs), you'll lose 6-12 months compared to the old calculation. Added to the 5-year base, your total timeline becomes 11-12 years instead of 10 years.
Where to Invest? Real Estate Is Out
Real estate is no longer accepted for new Golden Visa applications. Remaining pathways include investment funds, cultural/artistic support, scientific research, job creation, or business investment.
Specific options: €500,000 into qualified investment funds, or €200,000 donated to heritage conservation organizations.
This is a clear disadvantage. Real estate was once popular because it's straightforward and easily resalable. Investment funds are more complex and less liquid. If you want tangible assets in Portugal, you'll need to purchase property separately from your Golden Visa requirements.
Why It Still Attracts Investors
First: Minimal stay requirements—7 days in the first year, then 14 days every 2 years. You don't need to live in Portugal or become a tax resident. This is a major advantage over other programs.
Second: Permanent residency is available after 5 years. If citizenship isn't essential, you can stop there.
Third: AIMA processing times have improved in 2026, reducing extended delays. If your application is processed faster, you won't lose as much time waiting.
Who Should Apply Now, Who Should Wait?
If you want Portuguese citizenship as soon as possible, submit your application before the extended timeline takes effect. However, if your primary goal is permanent residency or flexible long-term stay options, Golden Visa remains a reasonable pathway.