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. 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. The country 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.
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:
Your business is not like any other, and we get that. Your international plans require solutions that match them, your goals, and your business strategy. Therefore, our PEO services in Portugal provide a consultative approach and a tailor-made solution because we know one size does not fit all.
A PEO works with Employer of Record (EOR) agencies. Our EOR agencies in Portugal enable you to operate staff in-country without worrying about HR (Human Resources) services, tax, payroll, hiring, firing, or adapting to Portuguese regulations and employment laws changes. When you hire us as a PEO, we establish a contract between you and Bradford Jacobs. We also sign an employment contract with your new employee in Portugal. Although we function as your employee’s legal employer, they perform duties for your business as a part of your team.
Step 1: You want to deploy an existing employee or recruit new talent in Portugal.
Step 2: Once the candidate is selected, Bradford Jacobs steps in as their EOR through our Portuguese entity. We guarantee compliance with employment contracts, payroll, HR, tax, required visas or work permits.
Step 3: Within a few days, your company will have an international presence in a new market, in a prime position, without the risks, hassle, or expenses of setting up your subsidiary.
Step 4: You will control the employee daily while we manage all work-related registration formalities. Our consultants inform your employee about their holidays, benefits, and entitlements policies.
Step 5: All approved declarations and completed timesheets are sent to us by the employee. We will invoice you, and once the payment is completed, we will deduct all contributions from the authorities and transfer the balance into the employee’s account.
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:
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: