Portugal’s Golden Visa is still viable for U.S. investors, but it is no longer a simple property play. For most Americans, the practical route today is the €500,000 non-real-estate fund option , not real estate. The opportunity is still strong: low minimum stay requirements, family inclusion, Schengen mobility, and a long-term residence path. The burden sits elsewhere: AIMA portal filings, apostilled background documents, in-person biometrics, and a U.S. tax/reporting layer t