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The Convention aims to develop and articulate social protection rules and strengthen cooperation between the signatory States in the field of social security. The Convention signatory States are Portugal, Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, São Tomé and Príncipe and East Timor, but it is also open to other States to join. The Convention is applicable to anyone who is or has been subject to social security legislation of one or more of the Convention's signatory States, as well as their family members or dependents.

The Convention establishes rules for determining the applicable social security legislation, especially in cases of mobility of citizens between the different signatory States or carrying out professional activity in the territory of more than one signatory State, as well as rules to ensure principles of equal treatment between beneficiaries from different signatory States.

The Convention regulates social protection in case of invalidity, old age and death, defining rules for calculating and accessing social aids for beneficiaries with social security records in different signatory States.

The Convention shall be applicable along with any other existing bilateral or multilateral agreements between the signatory States, prevailing over only in provisions that are more favorable to the beneficiaries.