Unmeployment benefits capitalization in spain
Capitalize your unemployment benefits to become an entrepreneur!
You will get help with management and application for the capitalization of unemployment benefits as an autónomo in Spain.
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Complete guide to unemployment benefits capitalization in Spain
What is the capitalization of unemployment benefits?
“Capitalizar el paro” or “pago único” in Spain refers to the possibility of receiving in advance a single payment of your unemployment benefits (known as ‘el paro’) to start an employment activity as an autónomo (self-employed) or to join as a working partner in a cooperative or worker-owned company.
This measure is designed to encourage entrepreneurship and self-employment among people who are receiving unemployment benefits.
The capitalization can cover the initial investment necessary to start the activity and the costs of Social Security contributions to the Special Regime for Self-Employed Workers (RETA).
In this way, it is possible to receive a lump sum to finance the start-up of a self-employment project or to cover the initial expenses of joining a cooperative.
Requirements for unemployment compatibility in Spain
Previously, only persons under 30 years of age were able to obtain their benefits simultaneously with their self-employed status. However, this restriction has now been lifted, thus eliminating any age limitation. To access this option, the following criteria must be met:
- Be legally unemployed.
- Not to have initiated any professional activity.
- Not having received the unemployment benefit capitalization or single payment (pago único) in the last four years.
- Present a viable business plan.
- Registration with Social Security.
How to apply for unemployment benefits capitalization?
If you receive unemployment benefits and want to start a business as an autónomo, you can apply for unemployment capitalization. Here we explain how to do it:
- Check the requirements: As stated above.
- Prepare the documentation: Business plan that demonstrates the viability of your self-employment project. Application for unemployment capitalization, available at the offices of the State Public Employment Service (SEPE) or on its website.
- Submit your application: Go to the SEPE offices or do the procedure through its website. Be sure to submit the application before registering in the Special Regime for Self-Employed Workers (RETA).
- Receive the lump sum payment: Once your application is approved, you will receive an advance payment of your unemployment benefit. This payment may cover the initial investment for your business or Social Security contribution costs.
- Register as autónomo: After receiving the single payment, you must register with the RETA and start your activity as self-employed.
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Capitalization of Unemployment
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Documentation review.
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Unemployment Compatibility
With Autónomo Work-
Documentation review.
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Online follow-up
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Your own personal manager.
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You can hire it now! Just click on the button to go to the payment section.
Application for Paro
(Unemployment benefits)-
Documentation review.
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Online follow-up
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Your own personal manager.
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You can hire it now! Just click on the button to go to the payment section.
Turn your Unemployment Benefits into an Investment for Entrepreneurship!
Schedule a consultation with our specialist in labor, accounting and tax issues in Spain and ask any questions you may have.
FAQ
General Info
Capitalization focuses on using the accumulated amount of unemployment benefits to undertake a new business activity, while compatibilization with working as an autónomo allows receiving benefits while working as a self-employed person, subject to certain conditions and requirements.
Both concepts offer options to support unemployed people in their transition to entrepreneurship or self-employment.
Process
- Application for Unique Social Security Number (NUSS) for individuals.
- Affiliation of beneficiaries to Social Security.
- Maternity/paternity leave.
However, they are offered separately. If you want to know more details about these services, please contact us.
Payment
You can see the prices we offer in our pricing section.
Payments must be made by debit or credit card.
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Yes, you can request cancellation of the service as long as your personal advisor has NOT started to manage your documentation to initiate the procedure.
The money will be refunded to your card in less than 14 days. See our Commercial Conditions.
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