Freshness tracker · PTPortugal

ARI continues without real-estate investment routes

In force Residency

The 2023 housing law ended real-estate acquisition and related capital-transfer routes for new investment residence authorisations. Current ARI options include specified job creation, research, arts or heritage support, eligible non-real-estate collective investment and company capitalisation with employment conditions. Direct or indirect real-estate allocation is not a substitute qualifying path, and ARI does not itself guarantee permanent residence or nationality.

Who it affects

Prospective non-EU investment-residence applicants and existing ARI holders.

Sources

Primary: AIMA — investment residence authorisation ↗

Verified 2026-08-02 · methodology