Spain’s struggling self-employed can now access financial support of around 700 euros during lockdown

Spain’s self-employed who have been affected by the coronavirus crisis are now entitled to financial support of around 700 euros. They can also stop paying their social security contributions for the duration of the lockdown.

According to Spain’s Ministry of Social Security, the self-employed who have had no choice but to stop all trading activity as a result of the country’s State of Alarm, and experiencing declines of 75% or more in their income, are eligible for this financial help.

Approximately 18% of the country’s population are said to be self-employed. This much-needed financial support is a huge lifeline for many struggling self-employed people who are suffering huge losses as a result of the shutdown.

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