Portugal’s Golden Visa (ARI)  still exists in 2026, but the real estate route is no longer available for new applicants . What still works today: €500k CMVM-regulated non-real-estate investment funds , €250k cultural/artistic support , €500k scientific research , and job-creation/business routes —plus family reunification. What changed (and what’s dead): real estate route vs current routes The headline change is the More Housing (Mais Habitação) reform  (Law 56/2023 , publish