Mykonos, Greece
Answers · current to October 2026

Golden visas still open in Europe.

8 European countries still grant residence for a passive investment in 2026, from €50,000 in Latvia to €511,292 in Bulgaria. Spain closed in April 2025. The permit is paid once. The tax is paid every year, so each is shown with what a $1M earner owes once there.

In short, current to October 2026

  • 8 European countries still run a golden visa in 2026: Latvia, Hungary, Italy, Greece, Cyprus, Malta, Portugal and Bulgaria. Spain closed on 3 April 2025, Ireland in 2023, the UK in 2022, and the Netherlands in 2024.
  • The cheapest entry is Latvia, from €50,000 in a small company. Hungary and Italy start at €250,000, Greece at €250,000 for a conversion and €800,000 for a home in Athens or on Mykonos, Portugal at €500,000 in funds for most investors.
  • Property no longer buys residence in Portugal (since October 2023), Hungary (since January 2025) or Latvia (since September 2026). Greece, Cyprus and Malta still accept it.
  • The fastest clock to an EU passport: Greece and Bulgaria, at 5 to 7 years of residence. Portugal moved to 10 years for most nationalities on 19 May 2026, counted from the first residence card.
  • A golden visa does not change where you are taxed. On a $1,000,000 income, the leading address on the board keeps the most in Cyprus (Limassol, 34%) and the least in Portugal (Lisbon, 48%). Current to October 2026. Confirm terms with counsel before you invest.

Each address on this page was last checked against its official sources between and . The sources for each are named on its page.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Golden visas still open in Europe 2026: all 8, from €50K, patrician.ch/answers/golden-visas-still-open-in-europe/, October 2026.

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By the Patrician.ch research desk · Updated 5 November 2026 · 12 min read
The 8

Every golden visa still open in Europe.

Ordered by the lowest published entry point. Tax on $1M is the Patrician.ch model at the leading address on the board in that country, or at the capital where the board has none.

CountryFromRoutesStay requiredTo a passportTax on $1M once there
Latvia€50,000€50,000 in a small Latvian company, €100,000 in a larger one, or €150,000 placed for 5 years with the state investment fund manager, each plus a €10,000 state fee. Property and bank deposits stopped qualifying on 15 September 2026.nonenaturalization after at least 10 years of residence, with language and history exams34% in Riga
Malta€150,000a government contribution, a home bought or leased, and a donation, from about €150,000 all in when leasing. Permanent residence from the start, and parents and grandparents can be included.nonestandard naturalization. Citizenship by investment was struck down by the EU Court of Justice in April 202534% at Valletta
Hungary€250,000€250,000 in an accredited real estate fund, or a €1,000,000 donation to a university. Direct property left the program in January 2025. A 10 year permit, renewable once.none8 years of continuous full time residence and a Hungarian exam15% in Budapest
Italy€250,000€250,000 in an innovative startup, €500,000 in an Italian company, a €1,000,000 philanthropic donation, or €2,000,000 in government bonds.none stated, intent to reside10 years of residence43% at Cortina d'Ampezzo
Greece€250,000€800,000 for 1 home of at least 120 square meters in Attica, Thessaloniki, Mykonos, Santorini and the islands above 3,100 people, €400,000 elsewhere, €250,000 for a commercial conversion or a listed building, or €500,000 in Greek government bonds or a fixed deposit. Golden visa homes may not be let short term.none7 years of residence and a Greek exam43% at Athens
Portugal€250,000€500,000 in qualifying investment funds, €500,000 in scientific research, €250,000 in culture or the arts, or a company creating 10 jobs. Property left the program in October 2023.7 days a year on average10 years from the first residence card for most nationalities, 7 for EU and Portuguese speaking countries, under the law in force from 19 May 202648% at Lisbon
Cyprus€300,000€300,000 plus VAT in a new home, commercial property or a Cyprus investment fund, with €50,000 a year of income from abroad. Permanent residence from the start.1 visit every 2 yearsstandard naturalization34% at Limassol
Bulgaria€511,292€511,292 in licensed investment funds, held 5 years. Permanent residence from the start.none5 years after permanent residence, with a basic Bulgarian test10% in Sofia
See these 2 places for your own income.Valletta and Cortina d'Ampezzo, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 30 November.
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What closed.

ProgramWhenWhat happened
Spain3 April 2025Organic Law 1/2025 ended new applications
Malta, citizenshipApril 2025the EU Court of Justice struck down citizenship by investment. The residence program survives
Netherlands2024the investor residence route closed
IrelandFebruary 2023the Immigrant Investor Programme closed
United KingdomFebruary 2022the Tier 1 Investor visa closed

The tax once you live there.

The permit gives you the right to live there. Tax residence follows the days you spend and where your life sits, usually 183 days a year. These are the addresses on the board in the 5 golden visa countries that have one, ordered by what a $1M earner keeps.

01Limassol, Cyprus
Limassol 🇨🇾 Cypruskeeps $663K of $1M, gains 0%, special regime for arrivals
34%
02Valletta, Malta
Valletta 🇲🇹 Maltakeeps $661K of $1M, gains 0%, special regime for arrivals
34%
03Athens, Greece
Athens 🇬🇷 Greecekeeps $571K of $1M, gains 0%, special regime for arrivals
43%
04Mykonos, Greece
Mykonos 🇬🇷 Greecekeeps $571K of $1M, gains 0%, special regime for arrivals
43%
05Cortina d'Ampezzo, Italy
Cortina d'Ampezzo 🇮🇹 Italykeeps $566K of $1M, gains 26%, special regime for arrivals
43%
06Porto Cervo, Italy
Porto Cervo 🇮🇹 Italykeeps $566K of $1M, gains 26%, special regime for arrivals
43%
07Lisbon, Portugal
Lisbon 🇵🇹 Portugalkeeps $518K of $1M, gains 28%, special regime for arrivals
48%
08Quinta do Lago, Portugal
Quinta do Lago 🇵🇹 Portugalkeeps $518K of $1M, gains 28%, special regime for arrivals
48%

Every route in, worldwide: residence by investment. The regimes that cut the tax itself: special tax regimes for new arrivals. Terms defined: golden visa, citizenship by investment. Keeping both passports: which countries allow dual citizenship.

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Questions

The short answers.

Which golden visas are still open in Europe in 2026?

8: Latvia, Hungary, Italy, Greece, Cyprus, Malta, Portugal and Bulgaria.

Spain closed on 3 April 2025. Ireland, the UK and the Netherlands closed earlier. Malta's citizenship by investment was struck down in April 2025, but its residence program remains.

What is the cheapest golden visa in Europe?

Latvia, from €50,000 invested in a small Latvian company, plus fees.

Among the larger programs, Hungary and Italy start at €250,000, and Greece at €250,000 for a commercial conversion or a listed building.

Can you still get a Portugal golden visa?

Yes. The main route is €500,000 in qualifying investment funds, with about 7 days a year of presence. Property stopped qualifying in October 2023.

Citizenship now takes 10 years of residence for most nationalities, counted from the first residence card, under the nationality law in force from 19 May 2026.

Is the Spain golden visa still available?

No. Spain stopped taking new applications on 3 April 2025.

Spain can still be reached through its non lucrative, digital nomad and entrepreneur visas, all of which expect residence there.

How much is the Greece golden visa in 2026?

€800,000 for a single home of at least 120 square meters in Attica, Thessaloniki, Mykonos, Santorini and the islands above 3,100 people, €400,000 elsewhere, and €250,000 for a commercial conversion or a listed building.

Greek government bonds or a fixed deposit of €500,000 also qualify. A golden visa home may not be let short term.

Which golden visa leads to EU citizenship fastest?

Greece and Bulgaria, at 5 to 7 years.

Bulgaria grants permanent residence at once and citizenship 5 years later. Greece asks 7 years of residence and a language exam. Hungary asks 8 years of full time residence.

Does a golden visa make you tax resident?

No. It gives you the right to live there. Tax residence follows the days you spend, usually 183 a year, and where your home and family sit.

The tax on $1M at the leading address on the board runs from 34% in Cyprus to 48% in Portugal.

The Dossier: your top 3, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 30 November. Refunded in full within 7 days of delivery, no reason needed.
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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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