Cuota Cero – how to waive your social security payments for self-employed in the Canary Islands

Cuota Cero - Are you a self-employed entrepreneur in the Canary Islands? Good news awaits! You may be eligible for a unique opportunity to waive your social security contributions for the first two years of your business journey. This support, known as the 'Zero Contribution' program, offers a significant boost to budding entrepreneurs by lightening the financial burden during the crucial early stages of business development

Cuota Cero or Zero Contributions

During the first and second year of activity, the self-employed will have 100% of their social security contributions subsidised. This aid will last for 12 months, which can be extended for a further 12 months if the net income is lower than the Minimum Interprofessional Wage (SMI). 

Cuota Cero Requirements

To access the zero quota, it is necessary to be a beneficiary of the state flat rate, which consists of a reduced quota of 80 euros per month for the first year, regardless of the self-employed person’s income.

Self-employed workers who have been registered since the beginning of the year 2023 and who have benefited from the state flat rate during the first year of activity may apply for this aid. In addition, they must be registered in the autonomous community of the Canary Islands and have no debts with either Social Security or the Treasury.

The Directorate General for the Self-Employed is drawing up a map for the development of self-employment to comply with the three pillars of this management centre: helping those who want to start up a business, supporting those who have already started up and, lastly, improving social protection by making the second chance possible.

Contact us now if you think you qualify

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