On May 3, 2026, Portugal’s updated Nationality Law was promulgated by the President of the Republic, introducing an important change to the citizenship pathway. Mercan would like to provide a clear update on what this means for the Portugal Golden Visa Program.
At this stage, it is important to clarify that the Portugal Golden Visa Program remains unchanged from a residency perspective. The program remains in place and investments continue to be governed by the existing legal and contractual structures. The program remains strong, competitive, and valuable for investors.
The changes in the Nationality Law relate primarily to timelines. Their practical impact, particularly for existing investors, will depend on the final publication of the law, any applicable transitional provisions, and subsequent regulation.
WHAT HAS CHANGED?
The pathway to citizenship has been formally adjusted to a 10-year timeline, replacing the previous 5- year. The residency period for citizenship is expected to begin from the date the residence permit is issued, rather than the date of the initial application submission, according to current indications.
WHAT REMAINS UNCHANGED?
The Portugal Golden Visa Program remains unchanged from a residency perspective.
This means:
• The program is still active
• Investments already made remain governed by the applicable legal and contractual framework
• The program continues to provide a legal route to residency in Portugal
WHY PORTUGAL GOLDEN VISA PROGRAM REMAINS COMPETITIVE?
Portugal continues to offer one of the most attractive residency-by-investment programs in Europe. The program remains supported by one of the most structured and legally robust residency-by- investment frameworks in Europe, combining flexibility, transparency, and credibility.
Key advantages remain unchanged:
• Minimal stay required: Just 7 days per year or 14 days every two years
• Full access to European lifestyle and mobility benefits
• A stable, transparent, and investor-friendly legal framework
• Eligibility to apply for permanent residency after 5 years of legal residence
• A clear pathway to Portuguese citizenship
• Aligned with global and European regulatory trends
Portugal continues to provide strong value for investors seeking European residency, family security,
lifestyle optionality, and future citizenship potential.
INVESTOR CONFIDENCE REMAINS STRONG
Market behavior continues to show strong confidence in the program. Based on a sample of thousands of investors with biometric appointments scheduled for the first half of 2026, applicants remain actively engaged in the process. This reinforces the resilience of demand and confirms that investors continue to recognize Portugal as a leading European residency destination.
