No, Portugal golden visa programme is not closing. Still, it is making substantial changes to the qualification thresholds and the flexibility of real estate investment routes. From January 2022, investors looking to buy a property can only move to the Azores or Madeira, excluding Lisbon, Porto and the Algarve, which have previously been the most attractive regions. Further, investment requirements are increasing, with the minimum donation threshold rising from January 1, 2022.