Employment and Investment Incentive (EII): Who Qualifies and What You Get
Learn how you can receive income tax relief by investing in qualifying small and medium-sized enterprises in Ireland.
The Employment and Investment Incentive (EII) is a scheme designed to encourage investment in small and medium-sized enterprises by offering tax benefits to those who provide capital.
Who it's for
This scheme is available to individuals who invest in qualifying small and medium-sized enterprises (SMEs) within Ireland.
What you get
You can receive income tax relief on your investments. This relief applies to investments up to a maximum amount of €500,000.
What it costs you
To keep the tax benefits, you must hold your shares for a minimum period of four years.
The catch to know
Investing through this scheme is considered a high-risk investment. You should be aware that the tax relief can be clawed back by the government if you fail to meet the required conditions.
How to apply
- Research qualifying small and medium-sized enterprises.
- Ensure you understand the risks of the investment.
- Follow the specific requirements for holding your shares.
- Consult with a tax professional to ensure your investment meets the necessary criteria for relief.