EII - Local Enterprise Office
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Transcript EII - Local Enterprise Office
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