As of 2025, the Portugal Golden Visa remains one of Europe’s most appealing residency-by-investment programs. With access to the Schengen Area, a potential path to EU citizenship in just five years, and no full-time residency requirement, it continues to attract global investors — particularly after key reforms reshaped the program in 2023 and 2024.

However, despite its advantages, many applicants fall into avoidable traps that can cost time, money, and even result in visa rejections.

This article explores the 5 most expensive mistakes — and how Explorer Investments helps you avoid them with confidence.

• Investing in Ineligible Assets

  Many mistakenly invest in apartments in Lisbon or Porto thinking they're eligible — but real estate no longer qualifies.

  Choose eligible paths like CMVM-regulated funds or cultural/research donations.

• Working with Unregulated or Inexperienced Advisors

  Unqualified consultants promise quick wins, but lead to errors or legal issues.

  Partner with licensed lawyers and investment professionals — like Explorer Investments.

• Failing to Plan for Tax and Residency Impact

  Many trigger tax residency without realizing it, especially HNWIs.

  Consult tax experts to structure your investment and time in Portugal correctly.

• Submitting Incomplete or Incorrect Documentation

  Translation, apostille, and document date issues cause frequent delays.

  Use vetted partners for accurate, accepted paperwork — Explorer supports every step.

• Choosing the Wrong Investment Fund

  Not all funds are compliant or transparent. High returns ≠ safety.

  Go with CMVM-regulated funds with strong governance — Explorer specializes in this.

Final Thoughts

Portugal’s Golden Visa is still one of the EU’s most robust residency pathways. Avoid these mistakes and work with trusted partners to ensure success from the start.

Ready to start?

Reach out to Explorer Investments today for a fully compliant fund and smooth Golden Visa journey.