Stephen Slater Incentives & Financial Services 1 Employment and Investment Incentive

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

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.

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

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

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

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

EII  More information is available on leaflet IT55 available on our website  Forms EII outline and EII1 are available on our website  Quieries to or by telephone

Stephen Slater Incentives & Financial Services 1 Employment and Investment Incentive