Portugal
PORTUGAL

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.

10.3 MILLION

total population in 2021

280 BILLION USD

expected GDP in 2023

Portugal has a typically good quality of life as a result of its economy’s robust expansion. With almost 11 million people, it’s a great base of operations for businesses looking to expand internationally. In addition, Portugal is now a member of the World Bank Group, which consists of five institutions. Portugal and the World Bank collaborate with other member nations to fund projects, develop policies, and implement programs to alleviate extreme poverty and increase shared prosperity. Its GPD is projected to trend around 260 USD Billion in 2022.

PUBLIC HOLIDAYS: 13

  • New Year’s Day – January 1 
  • Good Friday – varies
  • Easter Sunday – varies
  • Freedom Day – April 25 
  • Labor Day – May 1 
  • Corpus Christi – varies
  • Portugal National Day -June 10 
  • Assumption of Mary – August 15 
  • Republic Day – October 
  • All Saints’ Day – November 1  
  • Restoration of Independence Day – December 1 
  • Immaculate Conception – December 8
  • Christmas Day – December 25

 

SOCIAL SECURITY AND TAXATION

Social Security 

  • Employer Contribution: 23.75%

Income Tax Rates:

14.5% – 48%

MINIMUM WAGE

740.83 EUR per month

WORK HOURS

40 hours a week

OVERTIME RATE

125 to 137.5 of the normal rate

PROBATIONARY PERIOD

90 days to 240 days

ANNUAL LEAVE CREDITS

22 days

MATERNITY LEAVE

120 days

PATERNITY LEAVE

20 days

SICK LEAVE

30 days

BONUSES

Mandatory

13th and 14th-month pay (paid in June and December)

*Info is not binding, may vary, and is provided only as an indication.

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