The Employment and Investment Incentive (EII) is a tax incentive initiated in 2011 providing tax relief of up to 40% in respect of investments made in certain corporate trades. Initial tax relief of 30% of the amount invested is provided with a further potential 10% available three years after the initial investment should certain criteria on employment or R&D be met. The main objective of EII is to provide SMEs and start-ups with an alternative source of funding and to support the creation and retention of employment in SMEs across the economy.
The Start-Up Refunds for Entrepreneurs (SURE) scheme replaced the Seed Capital Scheme and is a tax incentive scheme targeted at those looking to set up a new company who were previously in PAYE employment or were recently unemployed. The SURE scheme provides tax relief in the form of a refund of PAYE tax paid by claimants of up to 41% of the capital invested in the new business. The SURE scheme aims to act as a source of finance to assist people to start their own businesses.
The Start-up Capital Incentive (SCI). Under the SCI, companies can raise up to €500,000 from investors who are connected with current shareholders.
To qualify for the SCI the company must:
This written consultation will run until Friday 24 May 2019.
Alternatively, you may respond by post to:
When responding, please indicate if you are a business, business professional, adviser, representative body or member of the public.