Portugal vs Greece Golden Visa (2026): Which Is Better for US Investors?

Executive summary

Portugal and Greece are the two European residency-by-investment programmes American investors ask us about most, and they are frequently presented as interchangeable. They are not. Since Portugal closed its residential property route in October 2023 and Greece re-tiered its property thresholds in September 2024, the two programmes have moved in opposite directions. Portugal is now a capital-markets programme with a light physical-presence rule and a five-year naturalisation horizon. Greece is now a real-estate programme with effectively no stay requirement and a citizenship path that only opens for people who genuinely relocate.

That divergence is the whole comparison. If your objective is an EU passport for the family within a decade, Portugal is the structurally stronger route, and the fund requirement is the price of admission. If your objective is a European base, a hard asset you can see and let long-term, and the lowest realistic entry cost, Greece is the better instrument, and the weak citizenship path is the trade you are accepting.

We do not have a house view on Portugal versus Greece. We have a house question: are you buying a passport timeline or a European base? The answer decides the country in about ten minutes.

A note on method. Throughout this comparison, statements of law and published fee levels are labelled as facts, our reading of how those rules behave in practice is labelled as analysis, and anything currently in legislative flux is flagged as unsettled. Both programmes have changed materially twice in three years, so confirm every figure at the time of filing rather than at the time of reading. Our published fee schedule and the cost calculator are kept current for our own professional fees; government figures move with national budgets.

Quick comparison table

The short version, before the detail. Each line is expanded in the sections that follow.

Program overview

Portugal's Autorização de Residência para Investimento, universally called the Golden Visa, has run since 2012. It grants a renewable residence permit to a non-EU national who makes and maintains a qualifying investment, and it counts the years from the date of the first permit toward permanent residence and naturalisation. The 2023 Mais Habitação housing package removed every property-linked route, including indirect exposure through real-estate funds, on the political argument that the programme was inflating urban housing costs. What survived is a capital-formation programme: money into regulated venture and private-equity funds, research institutions, cultural heritage, or Portuguese companies that create jobs.

Greece's Golden Visa began in 2013 as the most straightforward property programme in Europe: buy qualifying real estate, receive a five-year renewable residence permit for the family, renew indefinitely while you hold the asset. It remains that, but with a price map layered on top. Since September 2024 the required investment depends on where the property sits and, for the reduced tier, on what you do with the building. Greece also kept a set of financial routes for investors who do not want property at all.

Analysis: the two programmes now attract different money. Portugal attracts investors who treat five hundred thousand euro as an allocation with a defined exit and a passport option attached. Greece attracts investors who want the asset itself, expect to use it, and treat the residence permit as the wrapper. Neither motive is superior; they are simply not substitutes. For the broader category framing, our residency by investment guide and the citizenship by investment pillar set out where each programme sits within the wider market.

Eligibility

Fact: both programmes are open to non-EU nationals aged eighteen or over, with a clean criminal record from the country of nationality and from every country of residence in recent years, valid health insurance, and lawfully sourced funds transferred through the banking system. Neither programme requires a language test at the residence stage, and neither requires a business background, an education threshold or an interview in the ordinary case.

Portugal requires a Portuguese taxpayer number, the NIF, before you can invest or contract, and in practice a Portuguese bank account for the subscription. Greece requires a Greek tax number, the AFM, and a Greek bank account for the purchase funds, plus a power of attorney if you are not present at signing, which most of our clients are not.

Analysis: the practical eligibility gate for Americans is not the legal test, it is the compliance test at the bank and at the fund. Portuguese fund managers apply their own investor-suitability and anti-money-laundering screening on top of the immigration rules, and some decline US persons outright because of FATCA reporting obligations. That is the single most common surprise for an American approaching Portugal, and it is why we shortlist funds by their willingness to accept US investors before we discuss strategy.

Investment options

Fact, Portugal. The qualifying routes as they stand are: a subscription of at least five hundred thousand euro into a Portuguese regulated collective investment vehicle that does not invest in real estate and holds a defined proportion of its assets in Portugal; five hundred thousand euro to a Portuguese research institution; two hundred and fifty thousand euro to arts, culture or heritage; five hundred thousand euro capitalising a Portuguese company together with the creation of jobs; or the direct creation of ten permanent jobs with no minimum capital. Amounts and the fine print on fund composition should be confirmed at the time of filing.

Fact, Greece. The property route requires eight hundred thousand euro in the highest-demand areas, which include Attica, Thessaloniki, Mykonos, Santorini and the larger islands; four hundred thousand euro elsewhere in the country; and two hundred and fifty thousand euro for the conversion of a commercial building to residential use or the restoration of a listed building. The two lower-cost variants come with conditions: the ordinary tiers require a single property of at least one hundred and twenty square metres, the conversion route requires the whole building, and restoration work must actually be completed. Greece also offers financial routes at higher entry levels, including government bonds, shares and Greek fund units.

Analysis: the Portuguese fund route is the only one most Americans should consider seriously, and even then only after a fund-by-fund review. Donation routes are cheaper but the money is gone. Job creation is theoretically the cheapest and practically the hardest, because ten real jobs in Portugal is an operating business, not an immigration structure. On the Greek side, the two-hundred-and-fifty-thousand tier is genuinely attractive and genuinely more work: you are buying a construction or conversion project in a foreign legal system, and the permit depends on the work completing to specification.

The cheapest tier in Greece is not the cheapest route in Greece once you price the risk of a conversion project you cannot visit every month.

Route detail for each country is set out at length in the dedicated guides: the Portugal Golden Visa guide for US investors and the Greece Golden Visa guide for US investors.

Costs beyond the investment

Fact: the headline number is never the total. Portugal charges an application processing fee per applicant and a significantly larger permit issuance fee per applicant on approval, with the same issuance fee repeating at each renewal. Those figures are indexed and have risen in recent years. On top sit legal fees, fund subscription and annual management fees, the cost of certified translations and apostilles, biometrics appointments and, for most families, at least one trip.

Fact: Greece charges a government fee per main applicant for the investor permit, smaller fees for dependants, and card issuance costs. The larger Greek costs sit in the transaction: property transfer tax on resale properties, or VAT where it applies to new builds, notary and land registry fees, agency commission, legal fees typically expressed as a percentage of price, plus annual property tax and maintenance thereafter.

Analysis: for a family of four, the all-in cost of the Portuguese fund route beyond the five hundred thousand euro subscription typically runs into the tens of thousands of euro across the five-year cycle once government fees, renewals, fund management charges and professional fees are counted. In Greece, transaction costs on a four-hundred-thousand-euro purchase commonly add around eight to twelve per cent, and then you carry the property. Our own professional fee is fixed in the engagement letter and never marked up on government charges; see the fee policy and model a specific family shape in the calculator.

Processing experience

Fact: Portugal's immigration functions sit with AIMA, which inherited a large case backlog from its predecessor agency. Biometric appointment scheduling has been the principal bottleneck, and the legal position that an application filed on time preserves the applicant's status while pending has been tested repeatedly in the Portuguese courts. Fact: Greece processes investor files through decentralised immigration offices, with a blue receipt issued on submission that permits travel and residence while the permit is produced.

Analysis: Greece is usually faster to a card in hand. Portugal is usually slower but the clock that matters, the residence clock for naturalisation, is generally treated as starting from the application rather than the card, which softens the delay. Treat any specific timeline you read online as an observation rather than a promise. We give clients a range and a monthly status update, and we do not quote a completion date we cannot control.

Unsettled: Portuguese processing timelines depend on administrative capacity and on pending litigation about how the residence clock is counted. Do not build a naturalisation plan around a precise month.

Residence obligations

Fact: Portugal requires seven days of physical presence in the first year and fourteen days in each subsequent two-year period. Fact: Greece imposes no minimum stay to maintain the investor permit; you must simply keep the qualifying investment.

Analysis: this looks like a point for Greece and is actually a point for Portugal. Portugal's requirement is trivial to satisfy, and satisfying it accrues legal residence toward naturalisation. Greece's absence of a requirement means the permit accrues nothing toward citizenship unless you separately establish real residence, which most investors never do. A rule you can meet on a two-week holiday is not a burden; it is the mechanism that makes the passport possible.

Portugal asks you for a fortnight every two years and gives you a citizenship clock. Greece asks you for nothing and gives you nothing on that clock. Price the asymmetry honestly.

Family inclusion

Fact: both programmes include the spouse or registered partner, minor children, and adult children who are unmarried and financially dependent, typically evidenced through full-time study and financial support. Both include dependent parents, with Greece generally accepting the parents of both spouses and Portugal applying a dependency test.

Analysis: the practical differences are in evidence and in cost. Portugal charges its substantial issuance fee per person, so a family of five is materially more expensive than a couple, at every renewal. Greece charges far less per dependant, which makes it the cheaper programme for large multi-generational families. Where Portugal repays the difference is at the end: dependants included in the file accrue the same residence years and can pursue naturalisation on the same timetable, subject to their own language and residence requirements.

Tax considerations for US citizens

Fact: US citizens and green-card holders are taxed on worldwide income regardless of where they live or which residence permits they hold. Neither a Portuguese nor a Greek residence permit changes that. Foreign accounts trigger FBAR reporting above the threshold and Form 8938 where the specified-foreign-asset thresholds are met.

Fact and analysis: the routes diverge sharply here. A Portuguese regulated fund is, in most cases, a passive foreign investment company for US purposes. PFIC treatment means annual Form 8621 filing, punitive default taxation of excess distributions and gains unless a qualified electing fund or mark-to-market election is available, and a real increase in your accountant's bill. Some funds provide the annual PFIC statement that makes a QEF election possible and some do not; whether a fund does should be a shortlisting criterion, not an afterthought. Greek property held directly is ordinary foreign real estate: rental income on Schedule E, foreign tax credits for Greek tax paid, and capital gain on disposal.

Fact: Portugal's Non-Habitual Resident regime closed to new entrants and was replaced by a narrower incentive aimed at scientific research and innovation roles. Greece operates a lump-sum annual tax option for high-net-worth new tax residents and a separate flat-rate regime for foreign pensioners. Both regimes have conditions, and neither is relevant unless you actually become tax resident in that country, which a Golden Visa alone does not make you.

Analysis: for an American who will not relocate, Greece is the lower-friction tax choice by a clear margin. For an American who intends to move to Europe, the calculation reopens, and the Greek pensioner regime or lump-sum option can be decisive. None of this is tax advice; every file we run is reviewed alongside the client's own CPA before money moves. Our dual citizenship guide covers the US reporting layer in more depth.

Banking and source-of-funds expectations

Fact: both countries require funds to arrive through the regulated banking system from an account in the applicant's name, with a documented origin. Fact: opening the local account is a compliance exercise in its own right, and remote opening has become harder in both jurisdictions.

Analysis: American files stall on documentation more often than on eligibility. The pack that works is boring and complete: several years of filed federal returns, W-2s or K-1s, brokerage and bank statements covering the accumulation period, a signed sale agreement and settlement statement if the money came from selling a business or a property, and a short written narrative connecting them. Where funds sit in a trust or an LLC, expect additional questions about control and beneficial ownership, and expect to translate US entity documents. Build the pack before you approach the bank, not after the bank asks.

Nobody is refused for having ordinary American money. Files are refused, or delayed for months, for having ordinary American money with a gap in the paper trail.

Lifestyle comparison

Portugal offers Atlantic weather, a mild winter, an established and English-comfortable expatriate infrastructure in Lisbon, Cascais, Porto and the Algarve, and a reputation for personal safety that consistently places it near the top of European rankings. Greece offers a hotter, drier Mediterranean climate, Athens as a large working capital with a serious cultural depth, and an island geography with no European equivalent.

Analysis: the honest lifestyle distinction is between a country that has organised itself around foreign residents and one that has not, at least not to the same degree. Portugal's advantage is the density of services in English, from paediatricians to accountants. Greece's advantage is that it is less saturated, cheaper day to day outside the prime zones, and, for many of our clients, simply more compelling as a place to spend summers. Cost of living in both countries is well below coastal American levels, with the gap narrowest in central Lisbon.

Education

Fact: both countries host international schools following British, American and International Baccalaureate curricula, concentrated in Lisbon, Cascais, Porto and Athens. Fact: residence in either country gives a child access to the public system, and, more importantly for many families, both permits ease the path into European universities.

Analysis: Portugal has the deeper international school market and a wider choice at the upper secondary level, and Portuguese universities have expanded English-taught degrees substantially. Greece has fewer international schools but strong ones in the Athens suburbs, plus a growing set of English-taught programmes. For a family whose entire objective is European university access at domestic-adjacent fee levels for the children, Portugal's citizenship path is the stronger long-term instrument, because EU citizenship, not residence, is what unlocks the best fee treatment across the whole union.

Healthcare

Fact: both countries operate national health systems accessible to legal residents, alongside a well-developed private sector. Fact: both programmes require private health insurance as a condition of the permit, and Americans should assume they will use private care.

Analysis: private care in Lisbon and Athens is competent, quick and inexpensive relative to the United States, with private consultations and imaging typically costing a fraction of US list prices. Portugal's private networks are larger and easier to navigate in English. Greece's public system carries a longer post-crisis backlog in some regions, which matters if you are planning to retire there rather than visit. Neither system substitutes for a US policy if you remain primarily American-resident; both make a European base medically realistic.

Real estate

Fact: Portuguese residential property no longer qualifies for the Golden Visa in any form, directly or through funds. You may of course still buy Portuguese property; it simply does not generate residence rights. Fact: Greek property does qualify, subject to the tiering, the one-hundred-and-twenty-square-metre minimum on the ordinary tiers, and a prohibition on short-term letting of properties used to qualify under the current rules.

Analysis: the short-let ban is the detail that most changes the Greek investment case, and it is routinely underplayed by promoters. Athens yields were built substantially on short-stay platforms. A qualifying Golden Visa property must be let long-term instead, which typically means a lower gross yield with lower volatility and lower management overhead. Model long-term yield only. If a projection you are shown assumes nightly rates, it is a projection for a property that will not qualify.

Analysis: valuation risk cuts both ways. Threshold-driven demand tends to cluster purchases just above the qualifying number, which can support prices on the way in and expose them on the way out. Buy a property that a Greek buyer would want at a Greek price, not a property that only makes sense to someone who needs to hit a threshold.

Long-term residence

Fact: in both countries, five years of legal residence opens the door to long-term or permanent resident status, subject to conditions that generally include some evidence of integration and, in the Greek case, actual residence rather than mere permit-holding.

Analysis: for an investor who never moves, the practical outcome is a permit that renews for as long as the investment is maintained, in both countries. The difference is what happens if you stop investing. In Greece, selling the qualifying property ends the basis for the permit unless you replace it or have moved to a different status. In Portugal, redeeming the fund before you have secured permanent residence or citizenship has the same effect. Plan the exit around the status milestone, not around the market.

Citizenship pathways

Fact: Portugal permits an application for naturalisation after five years of legal residence, with an A2-level Portuguese language examination, a clean record and evidence of a connection to the country. Golden Visa years count. Unsettled: the Portuguese parliament has debated extending the residence requirement and altering how the qualifying period is counted; changes have been proposed and contested, and anyone relying on a five-year timeline should verify the position in force at the time of application rather than at the time of investment.

Fact: Greece requires seven years of residence for naturalisation, and the requirement is for actual residence, evidenced by tax residency and real presence, together with a language and civics examination. Fact and analysis combined: a Greek Golden Visa held by someone who visits twice a year does not build toward citizenship at all. This is not a technicality; it is the defining limitation of the programme.

If a Greek Golden Visa is sold to you as a route to an EU passport, the person selling it is either mistaken or hoping you will not check.

Analysis: Portugal is, for now, the most accessible EU naturalisation path attached to an investment programme, and that is why it commands the premium. Buy it for that reason with your eyes open to the legislative risk, or buy Greece for reasons that do not depend on a passport.

Risks

Programme risk. Both governments have changed the rules materially within the last three years, in both cases in response to domestic housing politics. Assume further change. The mitigation is to hold vested rights early: file promptly, complete the investment, and reach the next status milestone rather than idling in a permit.

Investment risk. Portuguese venture and private-equity funds are genuine investments with genuine loss potential, illiquidity, long lock-ups and manager-specific risk. Greek property carries market, tenant, currency and liquidity risk, plus the specific risk that a conversion or restoration project does not complete as specified. Neither programme is a savings account with a visa attached.

Currency risk. Both investments are euro-denominated and both exits are euro-denominated, while your liabilities are almost certainly dollar-denominated. A favourable programme outcome can still be a poor dollar outcome.

Administrative risk. Backlogs, appointment scarcity and inconsistent regional practice are real in both systems, more acutely in Portugal at present.

Exit strategies

Portugal. The fund exit is a redemption or a fund wind-up at the end of its term, typically six to ten years, which means your exit date is set by the fund documents rather than by you. Analysis: check the redemption mechanics, the term, extension rights and any secondary transfer provisions before subscribing. For US investors, the tax character of the exit depends on the PFIC elections made at the outset, which is why those decisions should be taken with your CPA at subscription and not at redemption.

Greece. The exit is a property sale in a local market, at whatever price and speed that market allows. Analysis: sale ends the qualifying basis for the permit, so sequence it against your status. Greek capital gains treatment on property has been subject to repeated suspensions and reinstatements; confirm the position in force before you sign, and expect a foreign tax credit interaction on your US return.

Both. The cleanest exit is one taken after the objective is secured: for Portugal, after naturalisation or permanent residence; for Greece, after you have decided the base is no longer needed. Selling early to chase a better yield elsewhere usually costs more in restarted timelines than it gains.

Who Portugal is best for

The family whose real objective is an EU passport and who can wait five to seven years, treat the subscription as a portfolio allocation rather than a purchase, and absorb the PFIC compliance. The parent whose children are eight to fourteen now, where naturalisation before university genuinely changes the fee and mobility picture. The investor who wants no property management, no tenants and no maintenance calls from another continent. The professional who can spend a fortnight in Portugal every two years without resentment and would rather spend it there anyway.

Portugal is a poor fit for the investor who needs the capital back inside five years, who will not accept fund illiquidity, or whose accountant is unwilling to take on PFIC work.

Who Greece is best for

The investor who wants a Mediterranean base they will actually use, a hard asset in their own name and the lowest realistic cost of entry into European residence. The large or multi-generational family, where per-person costs dominate. The retiree considering a genuine relocation, for whom the flat-rate foreign-pension regime may be more valuable than any passport timeline. The buyer with the appetite and the local representation to take on a conversion or restoration at the reduced threshold.

Greece is a poor fit for anyone whose primary objective is EU citizenship without relocation, or who is underwriting the purchase on short-term rental yield.

Common mistakes

Treating the programmes as interchangeable on price. They are different instruments; comparing four hundred thousand to five hundred thousand tells you almost nothing about which is right.

Assuming a Greek permit builds a citizenship clock. It does not, absent real residence.

Subscribing to a Portuguese fund without confirming it accepts US persons and issues a PFIC statement. This is the most expensive avoidable mistake an American makes in Portugal.

Underwriting Greek property on nightly rental rates that the qualifying rules prohibit.

Leaving the source-of-funds pack until the bank asks, then discovering that the 2019 statements are no longer downloadable.

Buying at exactly the threshold in a location where only threshold buyers want to be.

Filing the family in stages. Adding a dependant later means fresh documents, fresh fees, and often a materially later clock for that person.

Relying on a timeline promised by a promoter with no control over the immigration agency. Ask for a range and an escalation process instead.

Frequently asked questions

Can I still buy property in Portugal for the Golden Visa?

No. Residential property, and funds with real-estate exposure, were removed as qualifying routes in 2023. You can buy Portuguese property as an investment or a home, but it will not generate residence rights.

Which programme is cheaper overall?

Greece, in most family shapes, because the lower tiers start below Portugal's fund threshold and per-dependant government fees are much lower. The gap narrows once Greek transaction taxes and ongoing property costs are counted.

Which gives an EU passport faster?

Portugal, by a wide margin in practice. Five years of legal residence with an A2 language exam, versus seven years of actual residence in Greece. Note the unsettled legislative position in Portugal on the residence clock.

Do I have to live in Portugal?

Only nominally for the permit: seven days in the first year and fourteen days in each following two-year period. Naturalisation additionally requires the language exam and evidence of a genuine connection.

Do I have to live in Greece?

Not to hold the permit. Yes, if you want Greek citizenship, which requires seven years of real residence and tax residency, not permit-holding.

Will either permit make me tax resident there?

Not by itself. Tax residence generally follows days of presence and centre of vital interests, not the existence of a permit. If you relocate, that changes and needs planning.

What is PFIC and why does it matter for Portugal?

A passive foreign investment company is a US tax classification that most foreign pooled funds fall into. It brings annual Form 8621 filing and, absent elections, punitive taxation of gains and excess distributions. It is the main reason to shortlist Portuguese funds by their US-investor documentation.

Does Greek property create PFIC problems?

Directly held property does not. Holding Greek property through a foreign corporate or fund structure can create other US complications, so keep the structure simple unless your CPA advises otherwise.

Can I rent out my Greek Golden Visa property on Airbnb?

No. Short-term letting of properties used to qualify under the current rules is prohibited. Underwrite long-term tenancy yield only.

What is the one hundred and twenty square metre rule?

On the ordinary Greek tiers, the qualifying investment must be a single property of at least one hundred and twenty square metres, rather than several smaller units aggregated to the threshold.

Is the two hundred and fifty thousand euro Greek tier still available?

Yes, for the conversion of a commercial building into residential use or the restoration of a listed building, with conditions including acquiring the whole property and completing the works. Verify the current terms before committing.

Can my parents be included?

In both programmes, yes, subject to dependency evidence. Greece is generally more accommodating and much cheaper per person.

What about adult children?

Both include unmarried, financially dependent adult children, typically in full-time education. Dependency must be evidenced at each renewal, and children age out of the definition.

Which is faster to get?

Greece is usually faster to a physical permit. Portugal is slower administratively but the residence clock generally runs from application, which matters more for a citizenship-driven plan.

Can I hold both?

Yes. Some clients do exactly that: Greek property as the base and asset, Portuguese funds as the citizenship track. It is expensive and rarely necessary, but nothing prohibits it.

Do I need to speak the language?

Not for either residence permit. Yes for naturalisation: A2 Portuguese, or the Greek language and civics examination.

What happens if I sell the Greek property?

The basis for the permit ends unless you replace the qualifying investment or have transitioned to another status. Sequence any sale against your immigration position.

What happens if the Portuguese fund performs badly?

You bear the loss like any investor. Maintaining the investment for the required period is an immigration condition; the value of that investment is not guaranteed by anyone.

Can the rules change after I apply?

They can and have. Applicants generally benefit from transitional protection for pending files, but that protection is a matter of the specific amendment. Filing promptly is the practical mitigation.

Do I lose my US citizenship?

No. The United States permits dual nationality, and neither programme requires renunciation. Your US filing obligations continue unchanged.

Which is better for a retiree?

Often Greece, because of the flat-rate regime for foreign pension income for those who genuinely relocate, and the lower entry cost. Portugal remains attractive for retirees who want the citizenship option for their heirs.

Which is better for an entrepreneur?

Portugal, if the business plan can use the company capitalisation or job creation route and the founder values EU citizenship and mobility. Greece, if the objective is a European base alongside a US-centred business.

How much should I budget beyond the investment?

Plan on a five-figure euro sum in both cases across the first cycle, higher for larger families and higher again in Greece once transaction taxes are included. Model your own case in the calculator rather than relying on an average.

Can I apply for both and decide later?

You can start diligence on both, and we often do. You should not fund both before deciding, because unwinding a subscription or a purchase is expensive and slow.

Who should not apply at all?

Anyone who needs the capital liquid within three years, anyone unwilling to complete a full source-of-funds pack, and anyone who expects a guaranteed timeline. Both programmes reward patience and punish improvisation.

Final recommendations by investor profile

The family with school-age children, targeting EU citizenship: Portugal, fund route, filed as a complete family unit at the outset, with a fund selected for US-investor documentation before anything else. Accept the PFIC compliance as a cost of the passport.

The retiree planning a genuine Mediterranean relocation: Greece, at the four-hundred-thousand tier outside the highest-demand zones, with the flat-rate pension regime modelled by your CPA before you move. Do not buy Greece for a passport.

The entrepreneur with an operating US business: Portugal if you can meaningfully use the company capitalisation route and want the citizenship clock; Greece if you want a base without adding a foreign fund to your tax return.

The high-net-worth diversifier: often both, sequenced. Greece first for the asset and the base, Portugal second for the citizenship track, with the timing driven by legislative risk rather than by market timing.

The investor who cannot decide: this is the most common profile, and the answer is usually that the objective has not been defined yet. That is a conversation, not a comparison table.

Facts decide eligibility. Objectives decide countries. We can establish the first in an afternoon; the second is the work.

If you want that conversation, book a consultation with the US desk, or reach us through contact. Details of both our headquarters are on the offices page. For programme-by-programme detail, start with the Portugal guide, the Greece guide, the citizenship by investment pillar and our published fee schedule.