Portugal Golden Visa · €500k company vs Italy Investor Visa · €500k company

Valid two years from issue and renewed in two-year periods while one of the investment requirements is still met; the investment must run at least five years.

Procuradoria-Geral Distrital de LisboaAIMA

The permit lasts two years and renews in three-year periods while the investment or donation is maintained; the renewal request is filed at least 60 days before the permit expires and needs a new committee clearance.

Ministry of Enterprises and Made in ItalyMinistry of Economic Development

• €843 ≈ $940

  Application review fee for the investment residence permit, which also covers the holder's family reunification applications; EUR 632.10 (≈ $710) when filed digitally.

• €8,419 ≈ $9,400

  Fee for granting the investment residence permit; EUR 6,314.20 (≈ $7,050) when applied for digitally.

• €4,210 ≈ $4,700

  Fee for each renewal of the investment residence permit; EUR 3,157.80 (≈ $3,530) when applied for digitally.

• €116 ≈ $130

  National long-stay visa (type D) fee for work and family reasons, payable in local currency at the consular exchange rate.

• €30.46 ≈ $34

  Cost of the electronic residence permit card for a permit longer than 90 days; a contribution of EUR 40, (≈ $45) 50 or 100 depending on permit duration or type and a EUR 16 (≈ $18) tax stamp are also payable.

Permanent residence needs five years on a temporary residence authorization, no serious recent conviction, means of subsistence, housing and basic Portuguese.

Procuradoria-Geral Distrital de LisboaAIMA

After five years of continuous investment an EU long-term residence permit can be requested; it also needs income at least the annual social allowance and an Italian language test.

Ministry of Enterprises and Made in ItalyNormattiva

Naturalisation needs 10 years of legal residence on any residence title or visa (7 years for nationals of Portuguese-speaking countries and EU states), plus Portuguese language and culture, and means of subsistence.

Diário da República / Assembleia da RepúblicaAIMA

Naturalisation needs 10 years of legal residence (4 years for EU citizens) and Italian at level B1 or above.

Ministero dell'InternoNormattiva

AIMA must decide a residence permit application within 90 days, extendable by 30 days in exceptional cases; renewals within 60 days. The ARI file also requires prior online pre-registration.

Procuradoria-Geral Distrital de LisboaAIMA

The investor committee issues its clearance (nulla osta) within 30 days; the residence permit is then decided within 90 days.

Ministry of Enterprises and Made in ItalyNormattiva

Enter Portugal on a valid Schengen visa and apply to AIMA within 90 days of first entry; no residence visa is needed.

Procuradoria-Geral Distrital de LisboaAIMA

Request the clearance through the government Investor Visa portal, then apply for the visa at the Italian consulate within 6 months.

Ministry of Enterprises and Made in Italy

Optional annual lump sum replacing Italian tax on foreign-source income: EUR300,000 (≈ $335,000) for people transferring residence from 1 January 2026 (Law 199/2025), EUR200,000 (≈ $223,000) for transfers between 11 August 2024 and 31 December 2025, EUR100,000 (≈ $112,000) for earlier transfers; the effect ends after fifteen years.