What Does the 2025 Election Mean for Portugal’s Golden Visa? 

• Posted on Mar 29, 2025
• In Industry News, Portugal

Portugal 2025 Election: Will the Golden Visa Survive the Political Shift?

Portugal is once again in the political spotlight as it heads to the polls on May 18 for its third early election in just over three years. The collapse of Prime Minister Luís Montenegro’s center-right minority government has left the country at a crossroads, with implications that could extend far beyond its borders—especially for the popular Golden Visa program.

A Crossroads on the Horizon

The government’s downfall came after allegations of a conflict of interest involving Montenegro’s family’s consultancy. While Montenegro denied any wrongdoing, the political storm proved too much to weather. This election will not only determine the next government but also shape Portugal’s approach to key policies, including its Golden Visa program.

Carolina Figueiredo, Portugal Program Director at Arton Capital, notes, “Immigration policies are influenced by the government’s stance and may evolve based on the political agenda of the ruling party or coalition. A new government with a different ideology could trigger policy reviews or reforms, potentially impacting programs like the Golden Visa.”

A Make-or-Break Moment for the Golden Visa

Portugal’s Golden Visa program, which grants residency to foreign investors, has been a cornerstone of the country’s economic strategy. However, it has faced criticism for inflating housing prices and benefiting wealthy foreigners at the expense of locals. Recent changes, such as the elimination of real estate investments as a qualifying criterion, have already shaken up the program.

Figueiredo highlights that while the program remains active, further modifications could be on the horizon. A left-leaning government may push for stricter regulations or even phase out the program, while a right-leaning administration could introduce new incentives to attract investment. The outcome of this election can directly impact the Golden Visa’s future framework.

Investor Alert: Act Fast!

For those eyeing Portugal’s Golden Visa, the election adds a layer of uncertainty. While the program remains active, potential changes could affect eligibility criteria or investment options. Investors may want to act swiftly to secure their residency before any new policies take effect.
Figueiredo emphasizes that “Investors should act now, as delays could result in missed opportunities or unforeseen policy changes that impact eligibility.”

A Broader Perspective

Portugal’s political instability comes at a challenging time for Europe, as the continent grapples with economic and security concerns. The election’s outcome will not only determine the country’s domestic policies but also its role in the broader European Union.
As Portugal heads to the polls, one thing is clear: the stakes are high, and the results will reverberate far beyond its borders. This election is not only one to watch but one to prepare for.

How Arton Capital Can Help

At Arton Capital, we are dedicated to guiding you through every step of the residency or citizenship by investment process. From personalized consultations tailored to your specific goals to complete application management, we ensure a smooth and compliant journey. With our expert legal support, you can confidently navigate the process, and even after approval, we provide ongoing assistance to help you maintain your new status.

Connect with us today to take the next step toward global citizenship.