Portugal vs Italy Golden Visa

A comprehensive comparison of two leading European residency-by-investment programs to help you make an informed decision.

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Portugal

Minimum investment starting at €500,000

Citizenship possible after 5 years

Minimal stay requirement: 7 days first year, 14 days subsequent 2-year periods

Investment options include funds, business, and research

A2 language requirement for citizenship

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Italy

Minimum investment starting at €250,000 for startups

Citizenship possible after 10 years

Must register with local police within 8 days of arrival

Investment options include government bonds, companies, and philanthropy

B1 language requirement for citizenship

Investment Options Comparison

Investment Type Portugal Italy
Investment Funds €500,000 Not available
Company Investment €500,000 €500,000
Government Bonds Not available €2,000,000
Startup Investment Not available €250,000
Research/Cultural €500,000 €1,000,000

Processing Times & Renewal

Both programs offer efficient processing, but with different structures:

Feature Portugal Italy
Initial Processing Time 3-6 months 1-2 months
Initial Visa Validity 2 years 2 years
Renewal Period 2-year periods 3-year periods
Path to Permanent Residency 5 years 5 years

Key Considerations

When choosing between the Portuguese and Italian Golden Visa programs, consider these key factors:

Timeline to Citizenship: Portugal offers a faster route to citizenship (5 years vs 10 years in Italy) with less stringent language requirements.

Investment Options: Italy offers more diverse investment options with lower minimum thresholds, particularly for startup investments.

Residency Requirements: Portugal has more clearly defined minimum stay requirements, while Italy requires registration but has more flexible stay requirements.

Tax Implications: Both countries offer attractive tax regimes for new residents, with Portugal's NHR program and Italy's flat tax option for high-net-worth individuals.