[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]In an effort to boost educational attainment and attract both local and international residents, the Portuguese government has introduced an innovative initiative: salary bonuses for individuals completing their bachelor’s and master’s degrees within the country.
Key Points:
- Initiative Scope: Open to both Portuguese citizens and foreign residents, offering salary bonuses based on the duration of their respective study cycles.
- Eligibility Criteria: Graduates who earned degrees before 2023 can benefit, as long as the elapsed duration does not exceed their degree completion timeframe.
- Official Launch: Prime Minister Antonio Costa announced the plan in September, and it officially began on December 28.
- Beneficiaries: Applicable to taxpayers under 35 who graduated post-2023 from national higher education institutions or earned equivalent degrees abroad, recognized in Portugal.
- Targeted Categories: Bonuses are directed at Category A (dependent work) and Category B (self-employed) individuals with regulated tax and social security statuses.
- Monetary Incentives: Eligible graduates may receive €697 annually for bachelor’s degrees and €1,500 annually for master’s degrees.
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- Retrospective Benefits: Even graduates predating 2023 can claim bonuses if they meet the specified conditions.
- Legislative Approval: The decree law supporting this incentive was ratified by the Council of Ministers on November 29, reflecting Portugal’s commitment to promoting higher education.
- Enrollment Trends: Portugal experienced a surge in international student enrollment, reaching a record high of 446,028 students for the 2022/23 academic year, a three percent increase from the previous year.
This progressive move by Portugal aims to raise educational standards and attract a diverse pool of local and global talent, aligning with the nation’s vision to cultivate a competitive and knowledge-driven workforce.[/vc_column_text][/vc_column][/vc_row]
