Certificate of contribution
In economics, making a contribution means making a minimum contribution for a specific purpose. But as with everything related to finances, it is necessary that whoever receives the contribution give you the certificate of contribution.
Obtaining a certificate for the contribution made is necessary since it is what accredits you as an investor.The uses of the paid canon are multiple, and we will see them in a section of this article.Undoubtedly, it is important to know the documents and the requirements to which they apply, among others.
Another relevant detail that you should know is that these are generally short-term investments.
The interests or profits are variable; you must take into account the amount invested, the interest rates, and the other factors of the negotiation.
What is the contribution certificate about?
The contribution certificate is the document that is assigned to you at the time you make your contribution.There are different types of contribution certificates. This will depend on the use or purpose for which you are making the contribution to the quotas.
The most relevant thing in the case of contributions, regardless of their use, is knowing that they are made voluntarily.
In other words, if you want to make contributions, you do; if you do not want to carry out this process, then you do not; nothing and no one can force you.
Another important detail is that both natural persons and legal entities can make contributions; therefore, process their contribution certificate.
Nor is the nationality of the person making the relevant contribution; this is just one more detail.
Types of contribution certificates
Contribution titles have certain characteristics that make them unique; for example, they are classified as:
Amortizable and non-amortizable.
These certificates are those that grant their owners a portion of interest (proportional to their investment).
In the same way, they are granted the return of the money invested at the time of settlement (depending on their period of time).
These are sold at the time the partnership relationship is terminated; once they are sold, the distribution of the benefits is made.
By this, we mean that with these certificates, the investment is not recovered at the end of the period established in the negotiation.
You must wait for new buyers to appear in order to recover the investment as well as their interests.
What is it for?
It is necessary for others to know that the contribution is made at the time of investing in or acquiring for the first time some products or services.
As we have been anticipating, the use of contributions can be very varied.
Among the most common, we can mention:
- Investment in fixed or variable income: these are contributions that are made to different financial entities of the Latin American nation.
- The purchase of shares is possible from cooperatives, private or public companies, as well as banks.
- Purchase of securities: It functions almost identically to buying shares, except that brokerage firms issue them.
- Retirement savings investment: These are savings that the worker personally saves (and must meet certain characteristics) for the time of retirement from working life.
Now, the contribution certificate is the one that authenticates you as the owner or possessor of those investments, shares, and savings, among others.
How do I process the certificate of contribution?
The certificate must be issued immediately after the donation.When receiving a contribution, the recipient must issue a legal document.
It can be the certificate of contribution, or it can be “simply” a legal receipt to later process the certificate.
It can also happen, as in the case of investing in retirement savings.
For this specific case, you must wait for the stipulated time in which the AFORE issues the account statements.
Regarding investment savings, the account statement is what serves as a certificate.
Finally, your accreditation will rely on how you use the contribution.
As with all legal procedures, obtaining the certificate of contribution requires a series of documents.
- Personal identification document (if the passport is for a foreigner) without expiration.
- In the event that the contributor is a legal person, they must present the constitutive act.
- Original receipt or Boucher of the contribution.
- Be of legal age if you are a natural person.
- Submit the required documentation.
- If there is a time lag, you must wait for it.
Steps to follow
Once you have the necessary documents and requirements to obtain the certificate of contribution, you must:
- Go to the entity where you made the investment.
- Request to be issued the certificate.
- Wait the period established for the issuance of the certificate (this varies according to the rules established by each company or entity).
Each of these, as well as documentation, requirements, and steps, will depend on the entity with which the investment is being made.
The ones that we are supplying you with are the basic ones, those that you have to count on as a sine qua non condition.
Where do I process the certificate of contribution?
There are two ways to process the certificate of contribution.
The traditional way, that is, face-to-face, is the one we have just described in the previous section of steps to follow.
There is also an online way to request a certificate of contribution.
Today, all the entities that issue bonds and shares, among others, have web pages in order to facilitate the procedures for their investors.
Of course, they all vary according to the design of their pages and the requirements they request.
To protect your investment, we recommend checking the requirements and how to get the certificate before contributing.