Structuring of Tax Based Incentives
With a wealth of experience in setting up EIIS (Employment and Investment Incentive Scheme) type structures, we cater to both investors seeking opportunities and companies in search of investments.
Tax based incentive specialists
Employment Investment Incentive Scheme (EIIS) is a programme designed to encourage investment in certain qualifying Irish businesses in the SME sector where individual investors can receive tax relief against their income tax liability on investments up to €1,000,000 in any one calendar year. Historically the level of tax relief had been fixed at a maximum of 40%, but following recent legislative changes, this will now range between 20% and 50%, depending on the status of the investee company. The investment must be held for a minimum of four years.
Xeinadin are experts in this field and have been one of the leading firms in Ireland specialising in EIIS. Together, Mary McKeogh, Anne Hogan and Dave O’Brien have more than 45 years’ experience in the area. During that time, they’ve advised, structured and fundraised in excess of €60m for private placings in projects. Recent projects that Xeinadin have assisted on include windfarms, solar farms, nursing homes, creches, hospitality projects and even a crematorium. To date all investments that have completed their minimum four year holding period have been exited in full and on time which is a track record that has established a strong repeat investor database
How we can help
- EIIS Fundraising – We’re looking for low risk early stage businesses that would tick the following boxes:
- Strong promoter
- Asset backed, for example through property rights in renewable companies or a commercial property through which the business is traded
- Predictable cashflow where we know the likely demand and price for their goods or services, as per the recent projects
- Fundraising requirement ranging from €2m-€5.5m
- EIIS Structuring – EIIS legislation is incredibly complex and changes annually. Our team can determine whether your company can qualify for this relief or not and if they can qualify how best to structure that investment
- Investors claiming the relief – we have access to various projects so investors looking for tax relief can come to us where we wil guide them as to the appropriate project that works for their needs.
Contact our team
Dave O’Brien
Head of Tax, IrelandCork
Mary McKeogh
PartnerLimerickAnne Hogan
PartnerLimerickBook a meeting
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