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MIL OSI-C. Mediterranean Region: Portugal

The diploma extends “until 31 December 2020 the present situation with regard to financial operators, on the one hand, and with regard to discounts and benefits of workers to the Social Security, on the other,” said the Minister of Business. Foreigners, Santos Silva, at the end of the Council of Ministers.

The period until the end of 2020 “is what the Government has taken as a reference in organizing Contingency Plans for an exit without agreement,” he said.

‘UK-based credit institutions, investment firms and management companies will continue to be able to operate in Portugal until 31 December 2020, avoiding the risk of the UK becoming a third country [outside the Union]. From 1 November 2019 ‘, the date of brexit, said the Minister, adding that it ensures’ the continuity of all financial contracts, deposit operations, provision of services to banking and insurance clients’.

The rationale is that the right of workers to “count for their retirement pensions the period they worked in the United Kingdom,” Santos Silva said.

Work with all scenarios

The Minister said that the Council of Ministers was informed of the implementation of the Contingency Plan, adding that with the approach of the departure date with or without agreement (October 31) “we have to work with all scenarios”.

In the ‘most important plan’ for the Government, ‘the citizens’ plan, the period of administrative regularization of the Portuguese resident in the United Kingdom and the British resident in Portugal, in the case of unmarried departure, extends until 31 December 2020. »; by agreement it will extend until mid-2021.

There are already close to 100,000 Portuguese regularized in the United Kingdom, and in the Portuguese consular services, from January to July, there was a reinforcement of 13% of issued Citizen Cards and 28% of passports.

In the Public Administration preparation plan, namely at airports and ports, customs, sanitary and phytosanitary control services, ‘human resources reinforcement is completed or ongoing, and we are prepared for any scenario on 1 November.

Finally, the legislative and regulatory preparation work for companies is done, said the Minister, calling on “all Portuguese companies that have economic relations with the United Kingdom to check whether all the procedures and requirements they have to comply with are being met. ».

In 2018 there were 3871 companies exporting to the United Kingdom and “from the beginning of next week these companies will be contacted one by one by the Ministries of Foreign Affairs, Economy and Finance to be informed once again of all procedures”.

Subsequently, there will be meetings of the Strategic Council for the Internationalization of the Economy (which brings together Government and business associations) and the Permanent Council for Social Concertation (which brings together Government, business associations and trade unions) to see if everyone is prepared for any brexit scenario.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI