NZ Active Investor Plus Visa vs Portugal Golden Visa (ARI)
A factual side-by-side comparison of two residency programmes. All figures are drawn from the canonical program pages — follow either link in the table header for sources and the full profile.
Key Differences at a Glance
- ›Portugal Golden Visa (ARI) is faster: 6 months vs 9 months for NZ Active Investor Plus Visa.
- ›Lower capital: Portugal Golden Visa (ARI) (500,000 USD) vs 9,000,000 for NZ Active Investor Plus Visa.
NZ Active Investor Plus Visa New Zealand · investor | Portugal Golden Visa (ARI) Portugal · investment | |
|---|---|---|
| Country | New Zealand | Portugal |
| Category | Investor | Investment |
| Application Fee | $16,000 | $5,400 |
| Minimum Income | — | — |
| Minimum Investment | $9,000,000 | $500,000 |
| Processing Time | 9 months | 6 months |
| Family Included | Spouse + dependent children under 24 included as principal applicant family | No additional investment required for dependent family members |
| Path to PR | Yes — 2 years | Yes — 5 years |
| Path to Citizenship | Yes — 5 years | Yes — 5 years |
| Physical Presence | 117 days minimum in NZ over the 4-year investment period (~30 days/year average; effectively very flexible) | Only 7 days per year in the first year, and 14 days per every subsequent 2-year period |
| Dual Citizenship | Allowed | Allowed |
| Tax Impact | NZ tax resident on worldwide income from 183-day rule. Transitional residency exemption (4 years on foreign-source income) materially attractive for new immigrants. No capital gains tax for individuals on most investment activity. | Minimal physical presence means most holders do not trigger Portuguese tax residency; those who do may qualify for NHR status |
| Tax Residency Trigger | 183 days/yr | 183 days/yr |
| Worldwide Taxation | Yes | Yes |
| Renewal Cost | — | $2,700 |
About NZ Active Investor Plus Visa
Active Investor Plus, launched April 2025, replaces the previous Investor 1 + Investor 2 categories with a points-based, weighted-investment regime. Minimum NZD 5 million invested in qualifying assets weighted by category: direct investment (3× weighting), managed funds (2× weighting), bonds (1× weighting). The weighted total must reach NZD 15 million over the 4-year period. Practically, NZD 5M direct investment satisfies the floor. Major appeal: extremely modest physical-presence requirement (117 days over 4 years), generous transitional-residency tax exemption for new arrivals, and a 5-year path to NZ citizenship with no language test.
Full NZ Active Investor Plus Visa profile →About Portugal Golden Visa (ARI)
Portugal's Golden Visa (Autorização de Residência para Investimento) grants residency through qualifying investment, with a minimal physical presence requirement of just 7 days per year. As of 2024, real estate investment is no longer eligible; qualifying routes include fund subscriptions, capital transfers, and job creation.
Full Portugal Golden Visa (ARI) profile →Gotchas to Watch For
NZ Active Investor Plus Visa
- ⚠Investment is committed for 4 years — early withdrawal triggers visa cancellation
- ⚠Weighting system means lower-risk bonds require nominally larger investments (NZD 15M floor reached at 1× weight)
- ⚠Transitional residency exemption is automatic but should be elected explicitly on IRD form IR3
- ⚠Specialist immigration lawyer fees are substantial — budget USD 30-80k for legal preparation
Portugal Golden Visa (ARI)
- ⚠Real estate investment no longer qualifies as of October 2023 reform
- ⚠AIMA backlog means residence card issuance currently takes 1-2+ years
- ⚠Investment must be maintained for minimum 5 years (citizenship eligibility window)
- ⚠IFICI tax regime generally does not apply to passive investors
- ⚠Source-of-funds AML documentation is strictest among EU Golden Visas
Neutral reference — we don't recommend one programme over another. Programmes change: always verify each detail against the official source linked on the individual program pages.