A recruitment company is a suitable type of business in a country like Portugal in which many companies seek human resource consulting services. When drafting the documents for your recruitment company in Portugal, we remind that it is best to ask for guidance in this concern from our company incorporation agents in Portugal. No matter the type of business you want to establish, our team of advisors can provide you with support.
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Steps for setting up a recruitment company in Portugal
Small or medium business in Portugal, including recruitment companies, can be incorporated as private limited companies where a minimum share capital of EUR 5,000 is required. The stockholders can set up recruitment companies as soon as the following steps and conditions are met:
- verifying and registering the name of the recruitment company;
- registering for VAT;
- obtaining the necessary licenses;
- opening a bank account;
- register for social contributions.
A recruitment company in Portugal can properly start the activities, if all the services provided can be seen and explored via the internet, with the help of a website. Entrepreneurs should consider having a web page once a business enters the market, including a recruitment company in Portugal. One should consider that the company formation in Portugal has been simplified in the past years and can be supervised by our team of agents.
What services can a recruitment agency offer in Portugal?
Setting up a recruitment company in Portugal can be an excellent business idea for foreign entrepreneurs. They can fill varied niches where to offer their services. Here are some of the services that can be offered when opening a recruitment company in Portugal:
- recruitment and placement of experienced personnel in various companies, regardless of the activity sector,
- focusing on certain niches and placing local and/or foreign staff in vacant positions on the market,
- providing consulting services in matters of employment,
- providing training and/or courses for future employees,
- mass recruitment of personnel for large companies, such as those operating in the manufacturing/logistics/e-commerce sectors in Portugal,
- recruiting, interviewing candidates as well as preparing documents for incorporation into the company.
It is not difficult to open a recruitment company in Portugal, but we advise you to collaborate with our specialists from the very beginning. This is how you make sure that you comply with all the procedures for setting up a company in Portugal.
What is recommended before setting up a recruitment agency in Portugal
Starting a recruitment agency in Portugal should involve, first of all, a solid business plan. It should include information about the operating niche, business targets, investment tools, collaborations, accessing platforms and databases, etc. Moreover, such a company cannot function without a team of professionals in the field, namely recruiters with experience in sourcing and employing staff, among others. But, overall, it is important to know the niche where you want to be active as well as the competitors on the market.
Some statistical data about the labor market in Portugal
If you want to open a company in Portugal and be active in the recruitment field, you should know something about the labor market in this country. Here are some interesting facts:
- A peak of approximately 5.18 million active employees in Portugal is estimated in 2025.
- Most of the vacant jobs are found in sectors such as healthcare, agriculture, IT, construction, etc.
- An unemployment rate of approximately 6.5% is estimated until the end of 2024.
- EUR 820 is the minimum wage per month in Portugal.
We suggest you contact our team if interested in company incorporation in Portugal, including in the recruitment field. We also provide accounting services in Portugal, tailored to the needs of the business owner.