How can Indian investors in Portugal bring skilled workers from their home country following the new deal between India and Portugal?

Answers

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  Tiago Gali Macedo

  NEXT/Gali Macedo & Associados

  September 21, 2021

  At present, the trade deal between India and the EU (not just Portugal) is still under negotiation between both parties. As such, at this point, the general rules still apply: one of the best ways to invest in Portugal and bring skilled workers would be under the ARI/Golden Visa Program. The Portuguese Residence Program for Investment Purposes integrates several different types of investments that qualify for an application. Among those, you can find the creation of, at least, 10 jobs; This investment can be reduced by 20%, when the investment is performed in a low density territory. In this specific case, you would only have to create eight jobs. In order to accomplish this, the best route would be to incorporate a company in Portugal, and hire the workers in order to fill up the jobs. This way, the workers would also become eligible to apply for a temporary residence permit under the general rules.

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  Diogo Capela

  Lamares, Capela & Associados, Sociedade de Advogados

  October 04, 2021

  With the new agreement, it seems that investors will have a much easier life hiring Indian skilled workers. One of the examples of this is that once the decision of hiring someone is made, investors only need to communicate this will to the Portuguese authorities, who will later transmit this to the Indian authorities, meaning the investor won't need to do anything else in that matter.