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

Portugal. Portugal edges Spain 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🇪🇸 Spain
StatusReformedClosed
Headline minimum€250,000€500,000
Processing time12–24 months20 days
Path to citizenship5 years10 years
Physical presence7 days/year1 day/year
Tax overlayNHR 2.0 (IFICI) for qualifying activitiesBeckham Law (24% flat for 6 years)
Best forFounders, remote professionals and HNW families who want an EU passport without relocating immediately.If you already hold the visa, this is your renewal guide. If you're new — read the Digital Nomad and Non-Lucrative sections.

Category by category

  1. 01

    Lower entry price

    Edge: Portugal

    Portugal starts at €250,000, Spain at €500,000.

  2. 02

    Faster path to citizenship

    Edge: Portugal

    Portugal: 5 years. Spain: 10 years.

  3. 03

    Lower physical-presence burden

    Edge: Spain

    Portugal requires 7 days/year. Spain requires 1 day/year.

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
🇪🇸 Spain — best for

If you already hold the visa, this is your renewal guide. If you're new — read the Digital Nomad and Non-Lucrative sections.

  • +Existing holders keep their residency and renewals
  • +Digital Nomad Visa fills much of the gap for active professionals
  • +Beckham Law tax regime still available

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
🇪🇸 Spain — working against you
  • Program permanently closed to new investors
  • Citizenship still requires 10 years (2 for Latin Americans)
  • Bureaucracy heavier than Portugal or Greece