Download Revenue - Employment and Investment Incentive

Employment and
Investment Incentive
Stephen Slater
Incentives & Financial Services 1
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 www.revenue.ie
 Forms EII outline and EII1 are available on our
website www.revenue.ie
 Quieries to [email protected]
or by telephone 01-7024107
Employment and
Investment Incentive
Stephen Slater
Incentives & Financial Services 1