The Investment Permit Survives, and It Is Written Around the Visa Rather Than Through It
Answer
The general rule applies to you
No exception is recorded for citizens of Cuba on this topic. That is the answer, not a gap - everything below is the rule you get, unchanged.
98 exceptions recorded across 37 countries · none match Cuba to Portugal · Residency through investment
Portugal still has a residence permit for investment activity, and its structure is unusual: it applies the ten general conditions except the first - the residence visa - and asks instead for a valid Schengen visa and for the stay to be regularised within 90 days of first entry. What counts as investment activity is defined elsewhere in the Act, in article 3, and renewal runs in two-year periods for as long as the investment is maintained.
At a glance
- Residence visa
- Not required - the article disapplies that condition
Article 90-A(1)(a) excludes article 77(1)(a).
- What you need instead
- A valid Schengen visa
- Deadline to regularise
- 90 days from first entry
- Renewal
- Two years at a time, while the investment is maintained
- What counts as investment
- Defined in article 3(1)(d), which this record does not quote
The numbers are the article and paragraph of Lei n.º 23/2007 that define it, not an amount.
Requirements
- The general conditions of article 77, except the residence visa in paragraph 1(a)
- A valid Schengen visa
- Regularising the stay within 90 days of first entry into national territory
- An investment activity within the meaning of article 3(1)(d)
What applies to you
Nothing changes for a citizen of Cuba
We have no rule recorded that treats your citizenship differently here, so the general rule above is the one that applies to you. That is an answer, not a gap.
What the law says
«É concedida autorização de residência, para efeitos de exercício de uma atividade de investimento, aos nacionais de Estados terceiros que, cumulativamente: a) Preencham os requisitos gerais estabelecidos no artigo 77.º, com exceção da alínea a) do n.º 1; b) Sejam portadores de vistos Schengen válidos; c) Regularizem a estada em Portugal dentro do prazo de 90 dias a contar da data da primeira entrada em território nacional; d) Preencham os requisitos estabelecidos na alínea d) do n.º 1 do artigo 3.º 2 - É renovada a autorização de residência por períodos de dois anos, nos termos da presente lei, desde que o requerente comprove manter qualquer um dos requisitos da alínea d) do n.º 1 do artigo 3.º»The whole operative part. It is the only residence permit in the Act that works without a residence visa, which is what let it be applied for from inside the country on a tourist entry.
Read it at the sourceAbout this source
The Lisbon public prosecutor's legal database, which has carried consolidated Portuguese statutes in plain HTML for two decades. Each statute is served at a stable numeric address with its full amendment history at the head of the page, named act by act and dated.
Standing: Maintains the text in force
Cannot be cited for: Not the official gazette and not the authentic text: the Diário da República publishes that, and where the two differ the gazette governs. The consolidation is the office's own editorial work and the page does not say who made it or when it was last revised - only which amending acts it claims to carry. The site is served as ISO-8859-1 with the charset in a meta tag, so a fetch that assumes UTF-8 destroys every accented letter.
We re-read it every 60 days. More about this source
Practical notes
What qualifies as an investment activity has changed repeatedly - property was removed in 2023 - and the definition is in article 3, which this record does not quote. The record states the mechanism, not the qualifying amounts.
Family members of a holder of this permit are exempt from the two-year wait for reunification, under article 98(3)(c).
- consolidatesLei n.º 23/2007 (Lei de Estrangeiros), consolidated text, articles 67 to 126
Procuradoria-Geral Distrital de Lisboa
About this source
The Lisbon public prosecutor's legal database, which has carried consolidated Portuguese statutes in plain HTML for two decades. Each statute is served at a stable numeric address with its full amendment history at the head of the page, named act by act and dated.
Standing: Maintains the text in force
Cannot be cited for: Not the official gazette and not the authentic text: the Diário da República publishes that, and where the two differ the gazette governs. The consolidation is the office's own editorial work and the page does not say who made it or when it was last revised - only which amending acts it claims to carry. The site is served as ISO-8859-1 with the charset in a meta tag, so a fetch that assumes UTF-8 destroys every accented letter.
We re-read it every 60 days. More about this source