Your local partner in Portugal
✓ Payroll outsourcing
✓ Work permits
✓ Managing people abroad
Many good reasons to do business in Portugal
In addition to being one of the most dynamic economies in Southern Europe, Portugal, especially Lisbon, is undergoing a profound transformation that offers opportunities in many sectors. Young people and businesses have flocked to the sunny Iberian coast, creating a surge of new and innovative businesses within the ancient city walls.
Grow your business in Portugal!
Portugal has a young, talented and affordable workforce. Portuguese universities have had their largest enrollment number in recent years and are producing many highly skilled graduates. Portugal’s talent comes at a significantly lower cost than other popular talent hubs.
The Portuguese environment offers you some more benefits:
- Ranked very high in the Human Development Index (HDI), which is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living.
- Portugal is top 5 of safest countries in the world
- The main reason for going to Portugal: Portugal ranked high in the ease of doing business, according to the World Bank annual ratings.
Employment in Portugal
When you want to hire and employ talent in Portugal, you are required to own a legal entity in this country. This means that you need to manage the payroll, taxes, benefits, etc., all in a compliant way according to local laws and regulations. Focusing on this completely new environment will distract you from daily business and can be a real burden.
Since the start of 2023, Parakar offers you the solution of hiring your talent in Portugal. Your talent will be employed by our local entity, meaning you do not have to set up your own entity, and manage the HR and Payroll functions. Compliance will be ensured, given that Parakar has all the knowledge about the Portuguese laws and regulations. Of course, you will remain the operational employer of your team, while we will take care of all the employment and HR-related tasks.
Legal and accounting affairs; Parakar will advise you on all fronts regarding legal and accounting affairs. This is all according to local laws and regulations so you will always do business the compliant way. Parakar also compliantly takes care of the employer-paid insurance.
Payrolling; Parakar offers payroll solutions in Portugal to coordinate your payroll operations for outsourced employees. We understand that it is challenging to completely manage employees abroad. That’s why we take care of compliantly paying your employees, while you’re able to focus on managing your company abroad.
Employment hosting: At Parakar we’re known with all possible options of global employment services. We strive to outsource your client’s employees in Portugal to your requirements in full compliance with the local law.
Immigration and work permits; Most non-EU nationals will need a Portuguese work permit before they can undertake employment in Portugal. In the majority of cases, a permit is only available with a job offer. Next to a regular work permit, Portugal accepts the EU Blue Card which acts as a work visa and residency for highly qualified workers from non-EU countries. Parakar offers guidance in the application process to employees.
Parakar is launching a new service:
Entity setup; Parakar can support you in setting up your own legal entity in Portugal. Once your entity is officially established, we make sure it’s operationally ready and fully compliant. Subsequently, Parakar could take the burden of managing payroll and all other HR functions for you by handling this for you.
Obligatory medical examination
We make sure that your employee is fit to perform their duties. Parakar administers and schedules the obligatory preliminary medical examination for your employee by cooperation with a
13th & 14th salary in Portugal
Portugal has mandatory 13th and 14th salaries, one is meant for the employee’s summer holiday and one is meant for Christmas holidays. Companies can also decide to divide the annual salary in 12 equal instalments, so the employee will benefit from the extra salary each month.
20 years of global experience.
With over 20 years of experience we know the hurdles of moving your business to Europe. Parakar is specialized in full-service expat human resources management. That’s why we are your ideal partner for managing complex and tedious processes.
Our team is happy to provide you with all the information you need regarding your employment questions, expansion plans, or other HR related activities you plan on doing in Italy. Fill in the contact form to get in contact with our team!
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