Creation of your own employment
Your unemployment benefit paid to you as a single lump sum, to capitalise a business instead of drawing it monthly.
- Who
- Receiving unemployment benefit or initial social unemployment benefit, aged 18 or over, with a viable project creating at least your own full-time job.
- You get
- The full remaining value of your benefit, up front. Optionally combined with a credit line and technical support.
- Timing
- IEFP answers in 60–90 working days.
MICROINVEST and INVEST+ credit lines
Guaranteed bank loans at reduced interest, for people the ordinary credit market will not serve.
- Who
- Registered unemployed, first-job seekers aged 18–35, or self-employed earning below the minimum wage. Project must not create more than 10 jobs.
- You get
- MICROINVEST up to €20,000; INVEST+ from €20,000 to €100,000 of credit, on investment up to €200,000.
- Where
- Through a participating bank: CGD, Millennium BCP, Novo Banco, Crédito Agrícola, Montepio, Banco BIC.
National Microcredit Programme · and free advice
MICROINVEST reached through CASES rather than IEFP, for people facing labour-market difficulty. Separately, ATCP gives free technical help writing the investment and business plan, before approval and for two years after — the one thing on this page that costs nothing and requires no competition.
Verified: iefp.pt (government). The credit lines sit behind a Banco Português de Fomento facility of €253.3m — bpfomento.pt.