Laboral
Portugal: Temporary residence permits based on “expression of interest” are no longer admitted
From 4 June 2024, onwards, foreign citizens will no longer be able to apply for a temporary residence permit on the basis of an expression of interest. They will also no longer be able to apply for temporary residence permits for independent professional activity and for entrepreneurial immigrants.Portugal: New amendments to the Sustainable Employment Commitment Measure
The amendments to the Sustainable Employment Commitment Measure are intended to enabling it to contribute to a real increase of employees' salaries, establishing minimum thresholds for the base salary to be paid to employees, and also adjusting the Measure to the current reality of the labor market.Annual Salary Bonus approved for bachelors and masters working in Portugal
The Salary Bonus has an annual value of between 697 euro (years for bachelor's degree) and 1,500 euro (years for master's degree) and will be paid to those who have these academic degrees and for the number of years equivalent to the ones needed to complete them.Introduction of important amendments to Work Compensation Funds’ legal framework
The introduced amendments are to convert the Work Compensation Fund (WCF) into a closed accounting fund with new objectives (supporting costs and investment in employees' housing, on their certified training as well as other investments agreed with the employees’ representatives), also enabling employers to use the amounts that are on their WCF’s balances for these new objectives.