Being unemployed does not necessarily mean having to wait every month for a installment. In certain cases, it is possible to receive the total amount of unemployment allowance one time. This possibility can be an alternative for those who want to start a new professional path.
Own job creation
According to, it is necessary to present a project to create one’s own employment to the Institute of Employment and Vocational Training (IEFP). Only after the approval of the project can the request for the single payment of the allowance be made, provided that the rules established by Social Security are fulfilled.
Who can request the single payment
This support can be requested by people registered at the Employment Center that are receiving the unemployment allowance or the initial unemployment social allowance. The goal is to allow the total amount to be used as an investment to start a professional activity on its own.
It is necessary to ensure that the project allows the creation of a full -time job for the beneficiary, whether as an independent worker, an entrepreneur in an individual name or a partner in an existing company. As the same source says, if you enter a company, it must ensure full -time employment and present financial capacity.
During the following three years to pay the support, the beneficiary must maintain the job created and cannot perform another paid activity. Otherwise, it may be required to return part or all of the amount received.
Project Conditions and Candidacy
To submit the application, you must fill out your own forms available at the IEFP Employment Center or Portal. It is also mandatory to deliver a process with the detailed proposal of the job creation project, with all the technical and financial elements.
The application, according to the Economistmust be directed to the director of the District Center for Social Security of the Residence area and delivered to the corresponding Employment Center. According to the type of activity, additional documents, such as contracts, budgets or invoforms may be requested.
After delivered the candidacy, IEFP analyzes the viability of the project and sends its opinion to Social Security, which decides to approve the payment. The process can take between 60 to 90 business days from the date of delivery of the full documentation.
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Paid amount and payment method
If the order is approved, the payment is made by bank transfer or by post. The amount corresponds to the total benefits of unemployment allowance to which the beneficiary is entitled, discounting any amounts already received.
In the case of independent workers, if the amount required for the project is lower than the total amount of the allowance, only part will be paid immediately and the rest will continue to be paid monthly. If you are a worker because of others, the right to difference is lost.
Obligations after receiving support
Upon receiving unemployment allowance at once, the beneficiary assumes several commitments to IEFP. You must comply with the business plan presented in the definite deadlines and conditions, and keep the job created for at least three years.
It is also mandatory to communicate any change that can make the project unfeasible. Failure to comply with obligations may lead to the requirement to return the financial support received.
Incentive to create one’s own job
This support from Social Security represents a measure of encouraging its own job creation, but requires strict compliance with the rules and responsible project management presented.
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