🇮🇩 Indonesian citizens · 🇵🇹 Portugal · Golden / Investor
Portugal golden / investor visa for Indonesian citizens: requirements, cost and odds
We do not publish a Indonesian-specific approval rate for a golden (investor) visa to Portugal, because we do not yet hold a figure from Portugal for this category broken down by nationality. Rather than estimate one and format it like a statistic, we leave it out. For background, the published figures that do exist for Indonesia are a 26.7% US visitor-visa refusal rate in FY2025 and a 5.2% Schengen short-stay refusal rate in 2025 — different countries and a different visa class, so treat them as context rather than as your odds. What is documented is the decision itself — officers assess whether your qualifying investment is genuine and your funds are lawfully sourced, and the single biggest lever is the qualifying investment and source of funds. On the money side: From €250,000 (cultural-heritage donation; €200,000 in low-density areas) up to €500,000 for the mainstream routes — a regulated venture-capital/private-equity fund, scientific research, or €500,000 plus 5 jobs in a company. The real-estate and old €1.5M capital-transfer routes were removed in October 2023. The estimator below weighs your own finances, ties, travel history and refusal record against that.
Last reviewed July 2026 per our editorial standards. Source: AIMA — Agency for Integration, Migration and Asylum (aima.gov.pt) .
How likely is a golden (investor) visa to Portugal for Indonesian citizens? Officers focus on whether your qualifying investment is genuine and your funds are lawfully sourced. A typical applicant sees roughly 93%, and the biggest single lever is the qualifying investment and source of funds. Indonesian applicants see moderate refusal rates; documented finances, stable employment and a clear trip purpose matter most.
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Your trip
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Key requirements
- Non-EU/EEA/Swiss national, 18+, with a clean criminal record
- A qualifying investment held for at least 5 years: €500k regulated fund (non-real-estate), €500k research, €500k company plus 5 jobs, 10 jobs created, or a €250k cultural donation
- Funds genuinely transferred into Portugal from abroad, with a documented lawful source
- Portuguese NIF and bank account
- Maintain an average of about 7 days per year of physical presence in Portugal
- Valid passport, health insurance, and biometrics at an AIMA appointment
Money & funds
From €250,000 (cultural-heritage donation; €200,000 in low-density areas) up to €500,000 for the mainstream routes — a regulated venture-capital/private-equity fund, scientific research, or €500,000 plus 5 jobs in a company. The real-estate and old €1.5M capital-transfer routes were removed in October 2023.
Typical timeline
Backlog-dependent: AIMA carries a very large case backlog, so the first residence card commonly takes ~12–24 months (some 2026 files closer to 9–12). Fees paid before recent reforms protect your residence and citizenship clock against these delays.
Common refusal reasons
- Trying to use a route that no longer qualifies (real estate or the old capital transfer)
- Unproven lawful source of funds, or an AML/KYC failure
- A fund that is not compliant (must be ≥ 60% in Portuguese companies, non-real-estate, 5-year)
- Criminal-record or security issues
- Investment not actually executed, or not maintained for the holding period
Where Indonesia sits in the official data
Two governments publish visa outcomes broken down by country. Neither predicts an individual decision, but together they show how Indonesian applicants fare relative to everyone else, and which of the destinations we cover currently refuses the fewest applications from Indonesia.
US visitor visas — FY2025
A 26.7% adjusted refusal rate places Indonesia 94th of 199 nationalities the State Department publishes — a lower refusal rate than 53% of them. The median nationality sits at 31.8%, so Indonesia is 5.1 points below it.
Schengen short-stay visas — 2025
Across all Schengen consulates in Indonesia, 5.2% of short-stay applications were not issued — 19th of 127 countries with a meaningful application volume, and 10.4 points below the 15.6% median.
| Destination | Refused | Issued | Decided |
|---|---|---|---|
| France | 2.7% | 97.3% | 64,677 |
| Spain | 2.7% | 97.3% | 22,562 |
| Italy | 4.8% | 95.2% | 18,105 |
| Germany | 5% | 95% | 14,810 |
| Greece | 7.1% | 92.9% | 2,873 |
| Portugalthis page | 7.2% | 92.8% | 3,182 |
| the Netherlands | 8% | 92% | 51,791 |
Among Schengen states, applications lodged in Indonesia were refused least often by France at 2.7% and most often by the Netherlands at 8% — a gap of 5.3 points on a like-for-like basis. That gap reflects who applies where as much as how strictly each state decides, so it is a starting point for choosing a main destination, not a ranking of leniency. You must still apply to the state where you will spend the most nights.
Demand and outcome moved together for Indonesia between 2024 and 2025. Schengen consulates there decided 221,124 short-stay applications, against 201,910 the year before — up 9.5% — while the refusal rate went from 4.3% to 5.2%. Had 2024's rate held, roughly 1,996 of the 221,124 applicants refused in 2025 would have been issued a visa instead.
Sources: U.S. Department of State — Adjusted Refusal Rate, B-Visas Only, by Nationality and European Commission — Schengen short-stay visa statistics for consulates . Schengen figures are grouped by the country an application was lodged in, not by passport.
What actually moves the needle
A qualifying investment at the required threshold
This is the heart of golden decisions for Portugal. Make it concrete and documented rather than assumed.
A fully documented, lawful source of funds
Officers weigh this alongside everything else — gather clear evidence before you apply.
A clean criminal and security record
Officers weigh this alongside everything else — gather clear evidence before you apply.
Context for Indonesia applicants
Indonesian applicants see moderate refusal rates; documented finances, stable employment and a clear trip purpose matter most. Your personal profile matters far more than any nationality-level pattern, so focus on the levers above.
Avoid the common pitfall
The most frequent reason this route fails is an investment below the threshold, or funds you cannot fully document. Address it directly and you remove the biggest doubt.
Frequently asked questions
Is there an official Portugal golden visa success rate for Indonesian citizens?
Not one we currently carry. We only print a rate when we hold the publisher's own figure for this nationality and this visa category, and we do not hold one for Portugal golden visas. The figure shown on this page is a modelled estimate built from published route-level data and your answers — we label it as such rather than presenting it as a government statistic. What you can act on is the documented requirement set below, which is what the decision actually turns on.
What matters most for a Portugal golden visa?
Officers focus on whether your qualifying investment is genuine and your funds are lawfully sourced. In practice the single biggest lever is the qualifying investment and source of funds, so make that part of your application as strong and well-documented as possible.
Does a previous visa refusal affect my chances?
Yes. A prior refusal weighs on new applications until its underlying reason is addressed. Find out exactly why you were refused, fix what caused it, and clearly show what is different this time.
Is this a guarantee of approval?
No. GetVisaOdds is an educational planning tool, not legal advice and not a guarantee. Only a consular or immigration officer can decide your application. We show approximate odds and the reasons behind them so you can prepare better.
Is my information private?
Completely. The estimate runs entirely in your browser. Your answers are never sent to a server or stored — there is no sign-up and nothing to leak.
Can I still get a Portugal Golden Visa through real estate in 2026?
No. The real-estate and property-rehabilitation routes were removed on 7 October 2023. Qualifying investment is now funds, scientific research, a cultural donation, or company/job creation.
What is the lowest-cost Portugal Golden Visa route now?
The €250,000 cultural-heritage donation (€200,000 in low-density areas). The mainstream capital route is the €500,000 regulated investment fund.
How long until citizenship on the Golden Visa?
Since the May 2026 nationality reform, 7 years (EU/CPLP) or 10 years (other nationalities) of legal residence — up from 5. The clock runs from your first residence-permit issuance. Educational summary, not legal advice.
Is the €1.5 million capital-transfer route still available?
No — it was eliminated by the 2023 reform. Some older web pages still list it, but it no longer qualifies.
