Formación Bonificada (FUNDAE): Who Qualifies and What You Get
Learn how companies in Spain can access tax credits to cover the costs of professional training for their employees through FUNDAE.
This scheme allows businesses to reduce their social security contributions by using them to pay for professional training for their staff.
Who it's for
This program is designed for companies that have employees on their payroll.
What you get
You receive a tax credit that helps cover the costs of training your staff. This credit is applied against your social security contributions, effectively subsidizing the expense of professional development.
What it costs you
While the training itself is subsidized, you must organize all educational activities through a provider that is officially registered with the relevant authorities.
The catch to know
The training credits you earn are not permanent; they expire at the end of the calendar year if they are not used.
How to apply
- Find a training provider that is officially registered.
- Plan your staff training schedule.
- Coordinate with your provider to ensure the training is correctly reported.
- Check your official records to ensure the credits are applied correctly.