The EII Scheme Explained
The Employment and Investment Scheme (EII) is a revamped version of the Business Expansion Scheme. It is a tax relief incentive which provides tax benefits to eligible investors for investments made into certain qualifying small and medium sized trading companies. The Employment and Investment Initiative Scheme enables qualifying companies to raise up to €10,000,000 (subject to a maximum of €2,500,000 in any one twelve month period) in equity funding. The programme also allows individual investors to obtain income tax reliefs on investments made into certified qualifying companies.
The EII Scheme has many benefits to eligible companies including:
- Cash flow advantages
- Low/fixed cost of finance for three years
- Investment is equity not debt
- Repayments don’t come into play until 2017
- Existing company shareholders retain control
- Participation may open the door for further funding opportunities such as bank financing or government support agencies.
Avid Partners will advise if your organisation is eligible for the EII Scheme and if so can assist in getting the organisation registered for the initiative. We can also manage the funding process itself and ensure that the participating company is marketed effectively for the scheme. We will also ensure that all investment opportunities are maximised.
Contact Avid Partners today for further details of the scheme and let us help you in gaining new investment into your business o ensure eit reaches its full potential. Call us on tel: 0818 303087 , email advice@avidpartners.ie or fill out the enquiry form below.
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"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach." -
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Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services. -
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners. -
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.
