The Portugues Golden Visa is a very straightforward and flexible programme, with simple and clear legal requirements through which investors can obtain Portuguese residency and later EU citizenship for themselves and their family without having to live permanently live in Portugal. This coupled with the success rate of investors reflects why Portuguese Golden Visa programme is considered "most attractive European residency / Schengen visa" options. Economist magazine.
Order n. 1661-A/2013 Act n. 29/2012 of August 9 lays down the legal framework for the entry, permanence and exit of foreigners from Portugese territory, and the amending Act n. 23/2007 of July 4, provides for a new special legal resident status for the conduct of investment activities.
This amendment also allows for shortened residency requirements of 7 days per year for 5 years at the end of which the applicant and family can apply for permanent residency or for Citizenship after 5 years.