Portugal is fast establishing itself as a hub for innovation and entrepreneurship in Europe, and Golden Visa investors are playing a critical role in this evolution.

Through its residency-by-investment programme, the country continues to draw global attention, fuelling growth in vital sectors such as technology, media, and start-ups.

The momentum behind Portugal’s innovation landscape is clear. Lisbon was named the European Capital of Innovation in 2023, and in 2024, Braga earned the title of European Rising Innovative City.

These accolades reflect a broader national effort to cultivate a thriving start-up ecosystem and promote tech-driven development.

Investor confidence is high, with Portugal outperforming both the Eurozone and the United Kingdom in attracting foreign investment, according to Ernst & Young.

Start-up funding in Lisbon has grown by 30% annually over the past nine years—double the European average, as reported by StartupBlink.

Supporting this growth is an expansive network of resources. The National Network of Incubators and Accelerators (RNI) comprises over 150 innovation hubs, offering crucial support to emerging enterprises.

Government schemes such as the Start-up Visa and various funding initiatives further strengthen the country’s appeal for entrepreneurs.

In 2025, a new tax measure—the Incentivo Fiscal à Investigação Científica e à Inovação (IFICI), widely known as the NHR 2.0 tax regime—will be introduced. This reform is designed to offer favourable tax treatment to start-ups and value creators, including reduced tax rates on professional income and a 0% rate on foreign dividends and capital gains.

Events such as the Web Summit, MedTech Forum 2025, the Portugal Investment Owners Club forums, and the IFA Global Conference will bring thousands of tech and investment professionals to Portugal this year, further cementing its position as a centre of innovation.

Paul Stannard, founder and chairman of the Portugal Investment Owners Club and Portugal Pathways, highlighted the country’s unique appeal:

“Portugal has created a unique environment for likeminded people to be able to create sustainable investments in key sectors of the country’s economic strength, allowing value creators as well as highly qualified talent to prosper through a combination of tax incentives, quality of life, and investment.”

The technology sector has emerged as a key pillar of Portugal’s economy. The Information and Communications Technology (ICT) industry now contributes nearly 10% of national GDP, with an annual turnover approaching €20 billion, according to the International Trade Administration.

Over 80,000 jobs are supported by the sector, which benefits from a steady output of engineering graduates—placing Portugal among the EU’s top countries for technical education.

Portuguese unicorns such as Talkdesk and Outsystems have earned global recognition, with a combined valuation estimated at €40 billion.

This dynamic ecosystem has received significant support from the Golden Visa programme, which has channelled more than €7 billion into the economy.

Belion Partners reports that a notable share of this investment has flowed directly into technology start-ups and innovative ventures.

Paul Stannard added:

“The Golden Visa residency-by-investment programme has been a major contributor to supporting Portugal’s important industry sectors, especially tech and media, where Portugal has been making major strides through its thriving creative industry sectors.”

The Golden Visa remains one of the most attractive pathways for investors seeking EU residency.

A minimum investment of €500,000 in approved alternative investment funds grants eligibility for dual residency, with the option to apply for Portuguese citizenship and an EU passport after five years.

These funds typically adopt a blended investment strategy, distributing capital across high-growth and resilient sectors, including technology, renewable energy, luxury hospitality, media, and healthcare.

Paul Sheedy, international advisor to the Portugal Future Fund, an alternative investment fund approved for Portugal's Golden Visa, explained the benefits of this diversified model:

“A blended approach to investment—spanning sectors such as luxury hospitality and tourism, renewable energy, media, healthcare, and technology—not only aligns with Portugal's dynamic economic landscape but also creates a resilient portfolio that thrives across sectors.

“We have seen time and time again that a blended investment approach can protect against underperforming sectors in a portfolio, potentially giving investors more security and downside protection.”

Investors are only required to spend seven days a year in Portugal, making the programme exceptionally flexible.

After five years, applicants and their families may pursue permanent residency or citizenship, unlocking full access to the EU Schengen Zone.

A single €500,000 investment can extend coverage to the main applicant, their spouse or life partner, dependent children in education, and parents aged over 65.

In addition to its financial and lifestyle benefits, Portugal offers high-quality healthcare and education systems, a rich cultural heritage, and a lower cost of living than many of its Western European peers.

The country’s economic indicators further bolster its appeal. Consumer price inflation declined from 3.0% in December 2024 to 2.5% in January 2025.

Finance Minister Joaquim Miranda Sarmiento has projected GDP growth of 1.8% in 2024 and 2.1% in 2025. Confidence in the economy was reaffirmed when Portugal’s credit rating was upgraded to A+ in February 2025. Inflation is forecast to ease from 2.3% in 2024 to 1.9% in 2025.

With strong economic fundamentals, forward-looking tax reforms, and a thriving innovation ecosystem powered in part by Golden Visa investors, Portugal has become a beacon for global investors seeking long-term value and strategic opportunities in Europe.

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About Portugal Investment Owners Club

The Portugal Investment Owners Club, or P Club for short, is a unique investor membership community designed for discerning individuals, families, and organisations committed to exploring and capitalising on life in Portugal and enjoying money-can't-buy experiences and exclusive events.

About Portugal Pathways

Portugal Pathways has supported hundreds of Golden Visa residency-by-investment applications and provides expert guidance through its professional supply chain network on luxury property, wealth management, and tax optimisation, including post-NHR tax regime planning, as well as private healthcare, IFICI tax incentive applications, money transfers and bespoke relocation solutions to enhance life and investments in Portugal.

About Portugal Future Fund

The Portugal Future Fund strategically invests in key sectors, driving growth and innovation across Portugal. Approved for Portugal’s Golden Visa residency-by-investment, it offers a unique opportunity for impactful and rewarding participation.

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Disclaimer: The information on the Portugal Pathways and Portugal Investment Owners Club (P Club for short) websites and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice.

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