Hire your remote team in Portugal

Only 499 EUR per employee per month

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Hiring a remote team in a country as Portugal comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR)Ā solution helps companies hire remote employees in Portugal. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Portugal with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Portugal, particularly if you don't have established local relationships. You can hire employees in Portugal effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Portugal.

As an employer of record, we help you hire employees and run payroll services in Portugal, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Portugal.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Portugal or individually hire remote employees in Portugal, Rivermateā€™s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermateā€™s Employer of Record Portugal services can best help your company!

3. Hire a remote team in Portugal

Despite a prolonged recession beginning in 2003, Portugal has emerged as a competitive economy over the years. According to the 2019 Global Competitiveness Report, Portugal ranks seventh out of 142 countries in terms of the ease of hiring foreign labor and the skill set of graduates, respectively, despite a gap in Business R&D and Communication skills. Portugal has good internet infrastructure coverage throughout the country, with average speeds ranging from 20 Mbps to 60 Mbps. Internet speeds in Madeira, Lisbon, and Porto can reach 150 Mbps thanks to top Internet Service Providers (ISPs) offering various types of connections, including broadband and fiber optic connections.

4. Cost of living in Portugal

Portugal's cost of living is $977, which is 1.05 times higher than the global average. Portugal ranked 69th out of 197 countries in terms of cost of living and 41st in terms of quality of life.

In Portugal, the average after-tax salary is $972, which is enough to cover living expenses for one month.

5. Cost of renting in Portugal

The cost of living in Portugal is lower than the average in OECD countries, coming in at $800 per month.

Rental prices differ from one location to the next and are determined by the type of accommodation selected. Portugal, as a tourist destination, has a wide range of accommodations, from apartments and studios to hostels and dormitories.

6. Major industries in Portugal

Despite losing a few automobile factories in the late 1990s, Portugal continues to manufacture a variety of automobiles and auto parts today. Automobile and automobile parts manufacturing facilities are primarily concentrated in and around the cities of Lisbon, Porto, Setubal, Braga, and Aveiro. As the manufacturing industry becomes more competitive around the world, investors and business owners in Portugal have shifted their focus to more technologically advanced products. Computer software and pharmaceutical products are now being manufactured, with factories primarily in the cities of Oeiras and Coimbra. Information technology, biotechnology, and aerospace technology are some of the more modern industrial products manufactured in Portugal today.

7. Hiring cost in Portugal

Hiring in Portugal can give any company a competitive advantage. This is due to the country's lower overheads, lower expected salaries, and simple hiring process. Furthermore, with a large number of newly graduated workers looking for remote jobs, the recruitment market appears to be optimistic. Because of the large number of computer and programming experts in the country, major IT firms have begun to look to Portugal for computer-skilled labor.

8. Employment laws Portugal

In order to attract foreign investment, the Portuguese labor system has become more flexible in recent years as a result of reformative legislation. The main labor laws are encapsulated in the Labor Code. The Labor Code includes provisions for a fixed minimum monthly salary, maximum work hours, income taxes such as social security, and other provisions to support the country's workforce. Aside from the three types of contracts that are enforced during recruitment, all employees are entitled to a trial period prior to hiring.

The three contracts specified in the Labor Code are as follows:

- Fixed-term contracts

- Indefinite-term contracts

- Open-ended contracts

9. Top skills Portugal

Portugal's workforce has evolved to be globally competitive as a result of the many skill reforms implemented by the country's leadership. The country has a high proportion of graduates in science, technology, engineering, and mathematics, and it ranks well in the English Proficiency Index, 2020. (STEM). It also has a large female labor force with language skills and management education.

Lisbon, the capital city, is a technology hub with a strong presence of top IT firms. Because it has the most English-speaking residents, the city is well-known throughout Europe for providing remote technological solutions. In addition, the city is home to a large number of medical professionals who provide pharmaceutical services. Some of the most important industries and skills in Portugal are:

- Mining professionals

- Textile manufacturing

- Construction activities

- Personal care workers

- Blacksmith

- Toolmakers

- Tinkering

- Keyboard operation

- IT professionals

- Information and Communication Technology

10. Economic landscape in Portugal

With a pool of young, skilled workers, the country has established itself as a top destination for major IT investments. Furthermore, the country has five major ports and is geographically close to the United States and Canada, as well as other European countries. Despite the fact that the pandemic has slowed the country's economic growth rate due to the prolonged lockdown, the country remains open for business.

11. Market size in Portugal

Portugal, which was previously dominated by the manufacturing sector, has now shifted to the service sector (69.1%). This is followed by the manufacturing sector (24.5%) and agriculture (2.4%). IT, biotechnology, healthcare, and pharmaceuticals are just a few of the major industries included in each sector.

12. Minimum wage in Portugal

Portugal's minimum wage is now 665 EUR per month as of 2021. However, if an employee is protected by a collective bargaining agreement, their necessary minimum pay may vary.

13.Why choose Rivermate to hire your remote team in Portugal?

Establishing an entity in Portugal to hire a team takes time, money, and effort. The labor law in Portugal has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Portugal simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Portugal give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Portugal via our Employer of Record (EOR) / PEO solution.

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