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Company registration
This is the administrative decision through which the General Treasury of the Social Security includes employers that hire employees in the relevant Scheme, in order to identify them and to monitor the fulfilment of their obligations to the Social Security.
This registration is a compulsory requirement prior to starting activities. Non-fulfilment of this requirement gives rise to liability for the employer, which carries with it the non-fulfilment of other legal obligations such as, affiliation, notification of active contributor status, contributions, and even their direct liability with regard to the benefits to which workers have become entitled.
At the same time as registration, the employer must exercise the option of an insurance company to provide coverage for the contingencies of work-related injuries and occupational diseases as well as the financial benefit for temporary disability, for the workers it is responsible for.