PEO Service in Portugal

Portugal is one of the best places in Europe to hire people, and you don’t need an entity to pay them compliantly if you work through Papaya Global’s professional employment organization (PEO) in Portugal. It’s the quickest way to hire a workforce overseas. Onboarding only takes a few weeks, so you never need to miss a business opportunity because it took too to hire your workforce.

Working with a Portuguese PEO – also known as an Employer of Record (EoR) – is also the best way to minimize your risk while you test out a global expansion. The PEO serves as the official, legal employer for your team and takes on the liability for their employment. It also handles the backend workforce management, like payroll and benefits. All you do is instruct the team members on their day-to-day tasks.

Using an EOR is a great solution for small or medium-size companies that are looking to expand cautiously or for companies of all sizes that hire people working remotely in Portugal. It saves the companies the hassle of opening an entity, especially if they only hire a few scattered people or a relatively small team. The solution is widely recognized across the globe and always fully compliant with all local labor laws and tax codes.

Another advantage is that a PEO is easy to open, easy to close, and easy to convert into a legal entity. If you choose to make the arrangement permanent, when the entity is processed by the government, all your workers can be converted to regular employment at your company in no time. All the data for their employment has already been saved, so they can change without losing their seniority or changing their benefits.