Capitalising unemployment benefit to start a business: the lump-sum payment

If you are receiving unemployment benefit and want to start a business, you can apply for the lump-sum payment (capitalisation of unemployment benefit) to receive the whole outstanding amount at once and invest it in your new business.

What can it be used for?

• Investment in the business: machinery, stock, software licences, etc.
• Payment of self-employed contributions: you can allocate the capitalised amount to your monthly RETA contributions.
• Contribution to a company: as share capital if you are going to set up an SL.

Requirements

• Have at least 3 months of benefit outstanding.
• Not have capitalised unemployment benefit in the previous 4 years.
• Apply for the lump sum before registering as self-employed.
• Submit a business plan.

How much can I receive?

100% of the outstanding benefit if it goes towards self-employed contributions. If it is for investment, the amount depends on the business plan. At DPL Asesores we prepare the plan and handle the whole application. Ask us.