Employment & Investment Incentive Scheme (EIIS) Opportunity

Employment Incentive & Investment Schemes (EIIS) allow individual investors to obtain Income Tax Relief on investments made in each tax year into EII certified qualifying Companies.

EIIS is one of the few remaining sources of income tax relief which can be obtained from your Total Income.

  • PAYE earnings
  • Rental Income from property held in a personal capacity
  • ARF distribution income

Key Features:

  • Relief is available in 2 tranches 30% in year 1 with a further 10% in year 4 when additional criteria are met.
  • An individual can invest up to €150,000 in any one tax year.
  • Term 4 years.
  • Attractive returns on top of your original investment are available.

The EIIS Scheme is available to unquoted micro, small and medium sized trading companies. However, certain activities are excluded. A qualifying company can raise a lifetime maximum of €15M risk finance using this incentive, which may not otherwise be able to be raised. However, no more than €5M can be raised in any 12 month period.

The tax relief is provided to assist companies to raise finance to allow them to expand and create and retain jobs.

However, while these EIIS Schemes have become very popular investments since they replaced the old Business Expansion Schemes (BES) in 2011, it is very important that you invest in the right Companies. One such Company worth considering is West Cork Whiskey Distillers in Skibbereen in County Cork.

I attach last year's flyer giving full details of their operation. They are again raising 3M and up-to-date prospectus will be available very soon. I anticipate that there will be a significant demand for investment in their EIIS Scheme again this year. Please give this serious consideration as I am very confident that it is an excellent opportunity.

Give me a ring 087-6534444 or send me an email john@moneysense.ie if you want to discuss further.

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