
Portugal
From €500,000 + costs
Private Equity Investment
European Residency
EU Schengen Zone Travel
Apply Citizenship 7-10 years

Estonia is one of Europe’s most digitally advanced economies and a recognised base for technology companies and international founders. Its EU and Schengen membership, efficient company administration and established startup ecosystem make it attractive to investors building an active business in Northern Europe.
Estonia does not offer a conventional Golden Visa, passive residency by investment or citizenship by investment program. Buying property or making a financial investment alone does not provide residence. Estonia’s e-Residency is a digital identity for managing a company online. It is not a visa, residence permit or route to citizenship. For investors seeking passive EU residency, the Hungary Golden Visa offers ten-year residence through a qualifying €250,000 real estate investment fund.
Non-EU entrepreneurs may qualify for temporary residence by establishing and actively running a business in Estonia. These are business immigration routes rather than passive investment programs.
Applicants making a direct investment of at least €1 million in an Estonian company or a qualifying investment fund may apply as a major investor. The investment must remain directed towards the Estonian economy. For those looking for a more affordable European residency route, Portugal’s Golden Visa offers residency with a pathway to citizenship for €500,000.
An applicant with a holding in an Estonian company generally needs to invest at least €65,000 in the business. A sole proprietor generally needs €16,000. The business must be genuine and the application must support its activities and development.
Non-EU founders of an innovative, technology-based and scalable startup may apply after approval by the Startup Committee. The route can provide a long-stay visa or, once an Estonian startup is established, a temporary residence permit of up to five years.
Applicants who have legally resided in Estonia for at least five years may generally become eligible for long-term resident status, subject to residence, income, health insurance, integration and other applicable requirements.
Estonia does not offer citizenship through investment. Naturalisation generally requires at least eight years of legal residence, including five years on a permanent basis, and the applicant must hold long-term resident status. Estonian language, citizenship knowledge, and loyalty requirements also apply. Estonia does not permit dual citizenship and naturalised applicants must generally give up their previous citizenship. Investors seeking direct second citizenship may instead consider the Grenada Citizenship by Investment program, available from a US$235,000 contribution.
Estonia has a very strong passport in our index, ranking 24th out of 199 passports in the La Vida Passport Value Index. It provides access to 212 of the world’s 227 destinations, covering 99.4% of global GDP and 99.4% of the worldwide visitor market. However, the passport cannot be obtained through a direct investment program.
See below a selection of countries offering residency and citizenship investment programs.