Get started with unemployment capitalization

• One of the most frequent challenges to starting a business is the lack of initial financing.
• A possible strategy is unemployment capitalization

One of the most frequent challenges faced by people who choose to start a business is the lack of initial financing.

To help overcome this barrier, a possible strategy is unemployment capitalization. This possibility gives those who are receiving benefits for inactivity and decide to start their business project, the opportunity to obtain in a single payment, the entire remaining amount of their benefit to start their entrepreneurial idea with an initial capital that allows them to get started. with more guarantees of success.

Who can request unemployment capitalization?

Unemployment capitalization is a possibility that all those who wish to:

• Incorporate stably as working partners in cooperatives or labor societies. Even if there has been a previous contractual relationship, regardless of its duration.
• Develop an activity as a self-employed worker. Economically dependent self-employed workers are excluded.
• Make contributions to the share capital of newly established or created commercial entities within a maximum period of 12 months prior to the contribution. In this case, effective control of the company is mandatory, it must be carried out in a professional activity and registration must occur in the special regime for self-employed workers or in the special regime for seafarers.

Requirements to request unemployment capitalization

In order to apply for unemployment capitalization, the following requirements must be met:

1. Have a contributory unemployment benefit for the total and definitive cessation of an employment relationship, pending receipt of at least three complete monthly payments on the date of the application.
2. Those who are beneficiaries of the benefit for cessation of activity must have pending receipt of a minimum of six months.
3. Not having obtained the single payment in the last four years.
4. Prove registration as a stable self-employed person or incorporation as a working partner in a cooperative, labor or commercial company.
5. Start a project on your own within a maximum period of one month from the approval of the single payment.
6. The request must be made after the resolution of any procedure to challenge the termination of the employment relationship that has given rise to unemployment benefits.
7. Not having made payment of the benefit compatible with being self-employed in the previous 24 months.
8. If it is a contribution to a cooperative, and a trial period is required, the capitalization must occur after the end of said period.

Application process

To access this benefit, the application can be made electronically through the electronic headquarters of the State Public Employment Service (SEPE), in person by appointment at the employment offices, at the Provincial Directorate of the SEPE or at any public registry office. . It is also possible to make this request by administrative email.

Along with this application, a detailed explanatory report must be submitted that describes the business activity to be carried out, including a business plan, financial analysis, market study and description of the necessary investments.

In the event that the entrepreneurial project does not achieve the expected objectives, the right to receive unemployment benefits would have been used by investing all available resources in said project.

In summary, unemployment capitalization is undoubtedly an alternative for those unemployed people who want to start an entrepreneurial project with some resources. However, it is essential to understand the risks involved in requesting help. You have access to this right only once.

For additional information, the Entrepreneur Unique Window offers specialized guidance and advice that can contribute to the decision-making of entrepreneurs.