Official Zero Social Security Fee Grant & Self-Employment Subsidy up to €5,000 (SOIB)
Direct non-repayable government subsidy for new self-employed workers in Mallorca covering 100% of social security contributions for up to 24 months plus start-up cash.
Key Benefit & Scope of Application
Up to €5,000 direct non-repayable funding plus full refund of monthly RETA self-employed fees for 2 full years.
Practical Highlights & Essential Terms
Prior Registration Requirements
Must be registered as a jobseeker at SOIB immediately prior to official self-employment registration on RETA.
Priority Groups and Maximum Grant
Base grant is €3,000, rising to €5,000 for women, youth under 30, adults over 45, or individuals with disabilities.