In order to comply with the documentation requirements specified for self-employed workers and SMEs by the Instituto de Crédito Oficial (hereinafter ICO), here is a list of the documents that are required to process the guarantee facility under Royal Decree-Law 8/2020 of March 17.
Documentation to be provided to BBVA:
- Annual Accounts for 2019 (preliminary or approved) for SMEs (if not available, those for the last financial year to be closed) and 2019 annual tax return for self-employed workers (economic activity).
- Form 390, annual VAT return, for 2019.
- Audit Report for 2019 if required for the company.
- Certificate showing that you are up to date with your tax and social security obligations (available online at www.agenciatributaria.es).
Additional documentation for BBVA to send to ICO:
- Verification from the Public Bankruptcy Registry certifying that the financed party is not in bankruptcy proceedings at the time of the application (available online at https://www.publicidadconcursal.es/concursal-web/).
- Justification of how the company will use the guaranteed funds (salaries, suppliers, tax obligations, financial obligations, rentals and other financing needs, etc.). You will receive this document from BBVA for your signature.
- Permission from the customer for ICO to check the CIRBE (credit rating) on 12/31/2020. You will receive this document from BBVA for your signature.
- Appendix Declaration of Aids subject to the de minimis regulation. You will receive this document from BBVA for your signature.
In the case of non-SME companies or operations exceeding €1,500,000, or when the de minimis regime is not applicable, it will be necessary to provide more documentation to the ICO. BBVA advisers will specify in each case what additional documents have to be provided.