ICO Ukraine Guarantee Facility

The application is made through the usual BBVA adviser, who will answer any questions and specify how to send in the necessary documentation. 

You can also search for open branches in each locality.

In order to comply with the documentation requirements specified for self-employed workers and SMEs by the Instituto de Crédito Oficial, here is a list of the documents that are required to process the guarantee facility under the RDL. 6/2022.

Documentation to be provided to BBVA:

In order to comply with the documentation requirements specified for self-employed workers and SMEs by the Instituto de Crédito Oficial, here is a list of the documents that are required to process the guarantee facility under Royal Decree-Law 6/2022. To process the guarantee, you must provide ICO with the following documents for the validation of the guarantee:

1. Responsible Declaration of Aid subject to the "Temporary Framework regarding state aid measures aimed at supporting the economy following Russia's attack on Ukraine."
   
2. Responsible Declaration on Compliance with certain conditions for the application for the guarantee via the ICO Ukraine Guarantee Facility, which includes: 
   a) being affected by the crisis in Ukraine;
   b) not be subject to sanctions that the European Union has been able to establish as a result of Russia's attack on Ukraine, and that they are not subject to any prohibition on obtaining the status of beneficiary set out in article 13,2 of the General Subsidies Act 38/2003, of 17 November;
   c) is not in insolvency or subject to the circumstances set forth in article 2.4 of Royal Legislative Decree 1/2020 of 5 May, approving the revised text of the Insolvency Act or the regulation replacing it and
   d) neither the parent company nor the group companies are domiciled in a tax haven or territory that is not a tax partner.
   
3. Authorization signed by the customer so that ICO and the bank can view the customer's CIRBE details.
4. ECOT certificate from the Tax Agency or Regional Tax Agencies that the party is up to date with tax obligations.
   
5. A certificate from the Social Security General Treasury of being up to date with Social Security payments.
   
6. A certificate from the Social Security General Treasury of registration and activities. 
7. Express consent of the customer to confirm data with the Tax Agency or the Regional Tax Authorities.
8. Express consent of the customer to confirm data with the Social Security General Treasury.
9. Confirmation of compliance with the average supplier payment times established in Spanish Law 3/2004 of December 29, establishing measures to combat late payment in commercial transactions. or, if it is an audited company, the auditor's certificate stating that the average supplier payment period is compliant.
10. If the transaction falls under section 2.2 of the Ukraine Temporary Framework for State Aid and the financing application is benchmarked to 15% of average annual turnover of the self-employed worker or company in the last 3 years, they will have to deliver:
    a) annual VAT or substitute tax returns or the annual accounts approved or audited, where applicable, for the last 3 financial years up to the date of the guarantee application. In the case of customers that are subject to the SII VAT settlement scheme, monthly settlements will be required. If the self-employed worker or company has only one or two complete financial years, the audited annual accounts or annual VAT returns corresponding to those financial years will be submitted.
    b) if the self-employed worker or company has not been in operation for at least one full year, the tax returns available for the activity period, which in any case must not be less than 3 months.
11. If the transaction falls under section 2.2 of the Ukraine Temporary Framework for State Aid and the financing application is benchmarked to 50% of energy costs in the 12 months prior to submitting the aid application, proof must be provided from an energy supplier of the company's energy costs for the 12 months prior to the month in which the guaranteed financing application is made to the financial institution.