Employment and Investment Incentive

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Employment and Investment Incentive
Stephen Slater Incentives Financial Services
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Employment Investment Incentive (EII)

• The Employment Investment Incentive (EII) is a
  tax relief incentive scheme that provides tax
  relief for investment in certain corporate
  trades.
• Help small/medium enterprises(SMEs) attract
  investment
• Encourage SMEs to employ more people

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EII

• A third party investor makes an investment into a
  qualifying company for eligible shares.
• A qualifying company must use the funds raised on
  relevant trading activates or qualifying research
  and development and for the creation and
  maintenance of employment.

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EII

• The Relief
• Relief under EII is allowed initially at 30/41 or
  up to 30 of the investment
• If certain conditions are met it after the three
  year holding period
• A further 11/41 or 11 is allowed

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EII

• Investment Limits
• Maximum investment 10,000,000 for the lifetime
  of the company
• Maximum in any 12 month period 2,500,000
• Minimum individual investment is 250 per annum
• Maximum individual investment 150,000 per annum

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EII

• The Process
• Step 1 EII Outline approval (optional)
• Step 2 Find investors
• Step 3 Company secretary fills in form EII 1
• Step 4 Revenue issue form EII 2 and EII 3

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EII

• The Process
• Step 5 Company secretary fills in part one of
  EII 3 and gives it to investors
• Step 6 Investors contact their local district to
  organise refund

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EII

• More information is available on leaflet IT55
  available on our website www.revenue.ie
• Forms EII outline and EII1 are available on our
  website www.revenue.ie
• Quieries to eiiadmin_at_revenue.ie
• or by telephone [phone]

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Employment and Investment Incentive
Stephen Slater Incentives Financial Services
1