The Golden Visa (Portuguese: Autorização de Residência para Investimento) is Portugal's residence-by-investment program, created in 2012, that grants non-EU nationals a residency permit after qualifying investments such as certain real-estate purchases, capital transfers or job-creating projects. It usually provides Schengen travel rights and a pathway to permanent residency and citizenship after five years, though eligible investment types and minimum amounts have changed in recent years.