Investment Support
Financial Incentives for Job Creation

Permanent Labor Stability Program (ELP)

This program aims to promote the creation of permanent jobs by granting financial incentive to employers who sign full-time permanent contracts.

The new jobs created must be occupied by unemployed individuals, registered at the Agencies for Qualification and Employment in the Azores, or young trainees who have completed ESTAGIAR L or ESTAGIAR T for less than 180 consecutive days.

The financial incentive is 12,000€, paid in phases, 40% with the application approval, 20% after 18 months and 40% after 36 months.

 

More info here

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