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Unemployment Benefit Capitalisation

Taking your unemployment benefit as a lump sum to start out

Capitalising your unemployment benefit, the so-called single payment, lets you draw what is left of your entitlement in one go in order to register as self-employed, put capital into a company or join a cooperative as a working member. We check whether you meet the requirements and handle the whole application.

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Unemployment Benefit Capitalisation
What it covers

We will tell you whether you qualify before you take any step

  • 01
    We check the requirements first

    applying late forfeits the entitlement altogether.

  • 02

    We work out how much can be drawn in one payment and how much stays as a contributions subsidy.

  • 03

    We prepare the business plan and the rest of the paperwork the SEPE asks for.

  • 04

    We coordinate the self-employed registration or the incorporation with the application itself.

  • 05

    The whole process can be handled remotely from anywhere in Spain.

What capitalisation is

It is a measure run by the SEPE, the Spanish public employment service, to encourage self-employment: instead of drawing the benefit month by month, you receive it as a single payment earmarked for funding the new activity. It can be used to register as a self-employed worker, to contribute share capital to a company, or to join a cooperative or employee-owned company as a working member.

The requirements

You must be drawing contributory unemployment benefit with a minimum number of months still outstanding, not have received another single payment in the preceding years, start the activity after applying, and not have previously combined the benefit with self-employed work.

The exact amounts and deadlines change with the legislation, so we verify them against your own file before filing anything.

The mistake we see most often

Applying for capitalisation after having already registered. The order matters: the application has to come before the activity starts. When someone arrives with the registration already done, in most cases there is nothing left to be done.

That is why the first conversation always comes before anything is set in motion.

What happens afterwards

Once granted, the use of the funds has to be justified and the activity kept going. We carry on with the tax, accounting and payroll side of the business, so that the start-up and the day-to-day are handled by the same team.

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Basic information on data protection

Data controller: FAMILIA RÍOS ESPINOSA ASESORES, S.L. — Tax ID (NIF): B-93150142

Registered office: C/ Mijas, Conjunto San Luis, S/N, Blq. 2, Pl. 1, Ptas. A-B, 29692, San Luis de Sabinillas, Manilva (Málaga), Spain.

Telephone: +34 952.890.929.  ·  Email: info@riosespinosa.com

Website: https://riosespinosa.com/

Data Protection Officer contact details: salvadorzotano@szservicios.com

The data you provide will be processed by FAMILIA RÍOS ESPINOSA ASESORES, S.L. for the purpose of providing the service requested or sending you the information required.

You may exercise your rights of access, rectification, erasure, data portability, objection and restriction of processing before FAMILIA RÍOS ESPINOSA ASESORES, S.L., at C/ Mijas, Conjunto San Luis, S/N, Blq. 2, Pl. 1, Ptas. A-B, 29692, San Luis de Sabinillas, Manilva (Málaga), Spain, by email to info@riosespinosa.com, or before the Data Protection Officer at salvadorzotano@szservicios.com, providing sufficient identification in your request by electronic means or, failing that, by means of a duly signed request.

If the data controller has reasonable doubts as to the identity of the natural person making the request, additional information necessary to confirm your identity may be requested.

Likewise, particularly if you consider that your rights have not been fully satisfied, you may lodge a complaint with the national supervisory authority by contacting the Spanish Data Protection Agency (Agencia Española de Protección de Datos), C/ Jorge Juan, 6 – 28001 Madrid. Further information on the processing of your personal data is available in our Privacy Policy.

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