Seed Enterprise Investment Scheme and Enterprise Investment Scheme
Help for qualifying early-stage companies to avail of support to access Seed Enterprise Investment Scheme (SEIS) and/or the Enterprise Investment Scheme (EIS) advanced assurance.
To be eligible for support under SEIS/EIS, businesses must meet the requirements to avail of the SEIS/EIS schemes.
These include but are not limited to:
- Be a limited company, registered on the island of Ireland.
- Have or intend to establish a permanent establishment in the UK (If your business is registered in Ireland).
- Have been trading (first commercial trade/sale) for less than 7 years.
- Be conducting a qualifying trade.
- Be planning to spend the investment on a qualifying trade.
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.
- InterTradeIreland