PEO Services in Portugal

Our PEO Services in Portugal can help you make your expansion hassle-free and cost-effective, enabling you to start your Portuguese business in days.

Professional Employer
Organisation

Portugal is on the western outskirts of the European continent but has been a central player in the European Union (EU) since joining in 1986. This was followed by joining the Schengen Area in 1995 and adopting the Euro as its currency in 1999.

Street of Terena, old village at south of Portugal

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Hassle-Free Expansion

Portugal is bordered by its Iberian Peninsula neighbour, Spain, to the east and the Atlantic Ocean to the west. This location contributed to the country becoming the first major maritime power in the 15th and 17th centuries, opening trade routes and colonial outposts in India and beyond to Japan, Korea and the Far East in Portugal’s ‘age of discovery’.

Portugal has a mixed economy with the service sector, including tourism, accounting for over 65% of GDP. Industry takes close to 20%, while smaller-scale factories with lower labour costs specialise in textiles, designer clothes, and shoes. Wood, especially cork, paper, chemicals, dairy products, wine, ceramics and glassware, also figures significantly in the economic mix.

Portugal’s Atlantic coastline sees a large and diverse fishing and fisheries industry. With a Gross Domestic Product (GDP) of USD 251 billion in 2021, Portugal offers many opportunities for companies planning an expansion there. But going at it without the proper support can increase the costs, time and risks involved. Those challenges can be worked through more efficiently and cost-effectively with the help of a global Professional Employer Organisation (PEO) such as Bradford Jacobs.

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Why Choose a PEO?

By using PEO services in Portugal, there is no need to set up a legal entity, and you can start doing business within days. At Bradford Jacobs, we have expert knowledge of Portuguese payroll, labour laws, and other local regulations. By utilising our sources, you can start your expansion hassle-free and at a low cost.

With us, you can add new international talent to your company within days. We have the connections and network to locate talents that meet your needs and wishes on all levels. We ensure your company complies with all regulations and laws, areas to which you can incur severe penalties would you fail to adhere. Your chosen candidate is hired through our agencies in Portugal and remains under your day-to-day control. As part of our service, we can administer the returns and associated payments for wage tax and social security contributions directly from our payroll system to the tax authority, relieving you of the following responsibilities:

  • Registering with the Portuguese Tax Office
  • Registering with the Social Security Organisations
  • Creating employment contracts
  • Applying for special expatriation status (if applicable)
  • Calculating monthly salary and creating payslips
  • Researching available tax-free allowances
  • Submitting wage tax returns and national insurance forms
  • Corresponding with involved parties
  • Annual accounts, administration and year-end statements
  • Creating payment schedule for wags tax, national insurance, and net wages
  • Personal income tax returns

What are the benefits of using PEO services in Portugal?

For Employers

As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort… well, it does not have to. We have extensive experience with Portuguese payroll, taxes, and other local laws and regulations.

That way, you can enjoy the following:

  • Minimal paperwork or red tape. Since you do not need to set up an entity, you can start operating in Portugal within days.

  • On-call service to assist with routine HR concerns such as absence management and processing expense.

  • Liaison with employees to ensure they are up to date with companies’ internal policies and handbooks.

  • A rapid solution to onboarding employees for your international expansion into Portugal.

  • Total control over operating budgets as all costs are detailed at the outset for full transparency.

  • Prompt 24/7 support with disciplinary or grievance issues needing an urgent response.

  • Expert guidance with employment and compliance issues.

  • Reduced accountancy and legal costs.

  • Statutory professional insurance.

Benefits of PEO services for employers

Offering You
Expert Guidance

Benefits of PEO services for employees

Keeping Your
Employees Happy

For Employees

Employees are the main core of your business. They keep the engine running; therefore, creating a stable agreement that satisfies both employer and employee is also important. As their legal employer, we are responsible for keeping your employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.

We will make sure they enjoy the following:

  • Worry-free local employment contract compliant with Portuguese regulations.

  • One-to-one professional HR advice on employment-related issues.

  • On-time and 100% accurate salary payment.

  • Updates on tax and compliance regulations.

  • Great benefits.

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