Classification of Business Administration as contractors

The minimum requirements to be eligible to get the business classification by the Administration are as follows:

Have own funds exceeding € 6,000.

That net worth is greater than half the capital.

Having the book inventory or registered annual accounts.

The validity of the classification of companies is indefinite, provided they are kept by the company classified the conditions under which the grant was based.

Although the term is indefinite must be justified annually the financial solvency of the company and every three years classified the technical and professional solvency.

Whenever the company wants to increase the groups or categories for which it is classified may request a review of the classification of companies.

The review also may be requested if the administration has detected a change in the conditions under which the concession was based.

To achieve the classification of companies work, the minimum capital required are as follows:

Category A € 6,000 minimum funding

Category B 12,000 euros minimum funds

Category C € 24,000 minimum funding

Category D € 72,000 minimum funding

Category E minimum funds 168,000 euros

Category F € 480,000 minimum funding

To achieve the classification of services companies is taken into account the annual average and the categories are as follows:

Category A if the annual average is less than € 150,000

Category B if the average annual installment is between 150,000 and 300,000 euros

Category C if the average annual installment is between 300,000 and 600,000 euros

Category D if the annual average is less than 600,000 euros.

To achieve the classification of services companies is taken into account the annual average and the categories are as follows:

Category A if the annual average is less than € 150,000

Category B if the average annual installment is between 150,000 and 300,000 euros

Category C if the average annual installment is between 300,000 and 600,000 euros

Category D if the annual average is less than 600,000 euros.

Getting a company to achieve business classification is a difficult task in which they should submit several documents for the technical and economic health of the company, so it is advisable to be a consultant specializing in these issues that is responsible for procedures.

These companies involved in managing records classification Advisory Board will daily with new records, which carries at all times be informed of the progress of any form submitted, so if you need to submit more documentation in any particular case , solve it as quickly as possible so that record follow its normal course and ensure the earliest possible qualification for the client company.

A company that has business classification, face to its customers has managed to increase its credibility and be able to work with the Administration shows that the company is financially solvent and has the technical and human resources to carry out their work effectively.