I
Golden Visa iNSIDER
Inside the world's residency programs
The short verdict

Malta. Malta edges Portugal on the headline metrics most applicants weight first (entry price, speed, path to citizenship and physical presence).

The full picture is below — by the numbers, then category by category.

By the numbers

Metric🇵🇹 Portugal🇲🇹 Malta
StatusReformedActive
Headline minimum€250,000€182,000
Processing time12–24 months4–6 months
Path to citizenship5 yearsNot available since 2025
Physical presence7 days/year0 days
Tax overlayNHR 2.0 (IFICI) for qualifying activitiesNon-dom remittance basis
Best forFounders, remote professionals and HNW families who want an EU passport without relocating immediately.Families wanting permanent EU status without the relocation, language or citizenship-track requirements.

Category by category

  1. 01

    Lower entry price

    Edge: Malta

    Portugal starts at €250,000, Malta at €182,000.

  2. 02

    Faster to a card

    Edge: Malta

    Portugal: 12–24 months. Malta: 4–6 months.

  3. 03

    Faster path to citizenship

    Edge: Portugal

    Portugal: 5 years. Malta: Not available since 2025.

Who each one is for

🇵🇹 Portugal — best for

Founders, remote professionals and HNW families who want an EU passport without relocating immediately.

  • +Path to EU citizenship in 5 years
  • +Only ~7 days/year physical presence
  • +Family included (spouse, children, dependent parents)
  • +Visa-free travel to 191 countries after naturalization
🇲🇹 Malta — best for

Families wanting permanent EU status without the relocation, language or citizenship-track requirements.

  • +EU permanent residency — no expiry
  • +Visa-free Schengen travel
  • +English is an official language
  • +Family included: spouse, children, parents, grandparents

The honest tradeoffs

🇵🇹 Portugal — working against you
  • Real estate route closed in October 2023
  • AIMA backlogs have stretched processing to 18+ months
  • Portuguese language A2 required for citizenship
🇲🇹 Malta — working against you
  • Citizenship-by-investment ended after April 2025 ECJ ruling
  • Mandatory non-refundable government contribution + donation
  • Tiny country — limited business ecosystem