5 EORs (Employers of Record) In Portugal You Should Know About
A Portugal Employer Of Record (EOR) solution can simplify expanding your business into Portugal. EOR/PEO can manage hiring and onboarding in the country, saving your company time and money.
EORs in Portugal give businesses a plus by statistically decreasing the likelihood of turnover rate, additionally to having the ability to supply specific advice for navigating the complexities of the country’s local employment regulations.
Benefits of employing an EOR:
The benefits of employing an Employer of Record to enhance your overall hiring process include:
- Access to EOR experts who are conversant in the local Portuguese market (or who have a local presence in the country), and therefore the best hiring practices.
- Partnering with a corporation that can understand the precise goals of your business and, thus, can create a recruitment search process to satisfy your exact needs.
- The EOR’s local legal expertise ensures that your business is compliant with the local laws and regulations concerning employment.
5 Best Portugal Employers of Records
1. New Horizon Global Partner
With offices throughout Europe, New Horizons Global Partners may be a top-tier PEO/EOR in Portugal. Unlike many other PEO companies, it places high importance on having local consultants who truly understand the utilization and business landscapes on which companies operate.
They guide executives through the complex processes involved in fixing a business in Portugal and assist foreign staff in understanding the business culture and etiquette.
Website: Nhglobalpartners.com
2. Global PEO
Global PEO has grown its organization and continued to supply superb international expansion guidance in recent years. The group has its roots in Hong Kong, but their knowledge domain in other countries is localized and up-to-date with the fashionable working culture.
The company’s cost-effective nature may be a strong point for businesses expanding into Portugal. They offer rates that are feasible compared to industry norms. Additionally, apart from hiring, they also provide services around entity setup, staffing, payroll, and a spread of administrative functions.
Website: GlobalPEO.com
3. Skuad
Skuad is a global employment platform that makes it easy for companies to hire remote teams. They onboard contractors, hire employees, manage invoices and handle payroll no matter where your team operates from.
Skuad’s mission is to simplify global hiring. Their Global HR Platform can be used by companies to easily manage their distributed teams. The platform’s features extend to onboarding, payroll, compliances, benefits, etc.
Website: skuad.io
4. Shield GEO
Companies entering Portugal must choose whether to use their resources for a Do-It-Yourself (DIY) approach or hire a worldwide Employment Organization to handle payroll and employment responsibilities. A Portuguese Employer of Record solution makes it faster, easier and cheaper to deploy staff if they don’t have a Portuguese entity established which will run payroll.
Shield GEO can deploy foreign staff in 4–6 weeks and native staff in 48 hours. Additionally, Shield GEO is liable for all compliance issues associated with the utilization.
Shield GEO manages all aspects of payroll for workers in Portugal, including taxes, withholding, Social Security payments, and other statutory requirements. Shield GEO becomes the Employer of Record and employs the staff on behalf of the client.
Staff is paid monthly with tax and Social Security deducted at source and paid to local authorities. Shield GEO will invoice the client monthly beforehand of the payroll date.
Website: Shieldgeo.com
5. Sky Executive
SkyExecutive is a recruitment agency and Professional Employer Organization (PEO) with local operations in Portugal. It suggests that Sky Executive has the power to leverage their recruitment services with their day-to-day employment solutions to supply a set of PEO benefits for companies looking to expand overseas.
SkyExecutive places high value on its network of local consultants based in Portugal, thereupon level of local expertise being helpful for companies trying to find a smooth transition into a replacement business environment.
Website: Skyexecutive.global
Additionally, once you partner with an EOR that also offers recruitment coverage, you receive the advantage of having ongoing support that has the hiring and onboarding processes additionally to the initial recruitment phase.
These five global platforms are a no-brainer when it comes to employing talent from Portugal.
Know more about what you need to consider while selecting an EOR.
