Electronic

Does the investment of the single payment money have to be justified? Do I have to return it if I don't justify it?

Once you have received the capitalization amount, within a month you must start the activity and deliver the documentation that justifies that you have invested the money in said activity.
You must allocate the amount you have received to the planned activity, according to what appears in the project report that is part of the file.

In the event that the activity you have started is different from what was stated in the application and report, but complies with the provisions of the applicable regulations, you must present a new report and the complementary documentation that is necessary and that indicates the State Public Employment Service (SEPE).

There can be three possibilities:

1.- That the new activity meets the legal requirements, the project is considered viable and the amount required for its implementation is adjusted to that initially granted. In this case the recognized right is maintained.

2.- That the new activity meets the legal requirements and the project is considered viable, but the amount granted does not adapt to the new report. In this case, the State Public Employment Service will proceed to issue a new resolution adjusting the amount recognized to the new project, and if there are differences between the two amounts, it will claim the appropriate undue charges.

3.- That you do not meet the legal requirements, nor is the new project considered viable. In this case, the State Public Employment Service will proceed to claim everything paid as a single payment.
We will proceed to claim the undue payment from you for the total of the capitalized liquid amount that would have been paid to you in the following cases:

  • If you do not start the activity and do not sufficiently justify the reason.
  • If you do not allocate the amount granted to your incorporation as a member or as a worker of a cooperative or labor society.
  • If you do not allocate the amount to carry out the activity on your own.

If you do not apply or divert the unemployment benefit for purposes other than the activity that is the object of the capitalization, it may be considered a very serious offense. This is punishable by the loss of unemployment benefit and, furthermore, by the exclusion of the right to receive any economic benefit, and, where applicable, employment promotion aid for one year.

More information in: Capitalize your benefit.