Seed Enterprise Investment Scheme (SEIS) & Enterprise Investment Scheme (EIS)

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies raise finance by offering a range of tax reliefs to investors who buy new shares in an eligible company.

A company seeking finance via the Seed Enterprise Investment Scheme (SEIS) or EIS will need to obtain advance assurance from HMRC that the company, its trade and its shares qualify. The purpose of the Advance Assurance is to give potential investors comfort that the company should qualify for SEIS/EIS relief based on the information provided.

Non-UK companies can avail of the SEIS and EIS schemes if they meet the criteria set out by HMRC to qualify and importantly have a permanent establishment in the UK. A company will need to have a fixed place of business in the UK, through which its business is wholly or partly carried on. In certain circumstances, having an agent in the UK will meet this requirement.

For more information visit the below:

• Apply to use the Seed Enterprise Investment Scheme to raise money for your company - GOV.UK (www.gov.uk)
  
• Apply to use the Enterprise Investment Scheme to raise money for your company - GOV.UK (www.gov.uk)
• EISA - Enterprise Investment Scheme

Any questions?

If you have any questions regarding SEIS or EIS, you can get in touch directly with the team by emailing equity@intertradeireland.com