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

Macao is a major Asian tourism, gaming and financial centre with close access to Mainland China and the Greater Bay Area. Its international business environment and blend of Chinese and Portuguese influences attract entrepreneurs seeking a commercial base in the region.
Macao does not offer a conventional golden visa or passive residence by investment program. Buying property does not provide residency rights. However, investors undertaking a substantial business project may qualify through Macao’s Major Investment or Major Investment Plan residence route. Given Macao’s strong Portuguese heritage, the Portugal Golden Visa is a relevant alternative for investors seeking a more accessible route to European residency.
Commonly described as the Macao Investor Visa, this route provides temporary residence to investors whose business projects support Macao’s economy. Applications are assessed individually, making this an active business route rather than a passive golden visa. Applicants qualify for a renewable three-year permit.
Renewable temporary residency
Residence for a spouse or partner and eligible children
Access to a Macao Non-Permanent Resident Identity Card
Potential eligibility for permanent residency
Within the Asia-Pacific region, the New Zealand Active Investor Plus Visa provides a more structured investment residency option. Applicants can invest from NZD $5 million, approximately US$2.9 million. This includes eligible family members and provides a pathway to permanent residence with limited physical presence requirements. Macao’s Portuguese heritage and continued cultural ties make the Portugal Golden Visa a particularly relevant European alternative.
Macao does not offer citizenship by investment and does not have a separate Macao nationality. Foreign permanent residents may apply to naturalise as Chinese nationals, but approval is discretionary and successful applicants must generally relinquish their previous nationality. Investors seeking direct second citizenship may instead consider the Grenada Citizenship by Investment program.
The Macao SAR passport ranks 51st out of 199 passports in the La Vida Passport Value Index. It provides access to 170 of the world’s 227 destinations, representing 69.3% of global GDP and 87.3% of the worldwide visitor market. The passport is available only to Chinese nationals who hold Macao permanent resident status. It cannot be obtained through investment or permanent residence alone.
See below a selection of countries offering residency and citizenship investment programs.