Seed and Venture Capital Scheme (EIIS)
Summary
The Seed and Venture Capital Scheme (EIIS) by Enterprise Ireland is a tax relief scheme designed to encourage investment in small and medium-sized Irish companies. It is particularly beneficial for companies that might struggle to secure traditional funding. The scheme offers tax relief to individuals investing in these qualifying Irish businesses.
Eligibility Criteria
* **Entity Type:** Small and medium-sized Irish companies. * **Geography:** Companies must be based in Ireland. * **Sector:** Not explicitly limited, but focuses on companies with difficulty attracting traditional investment. * **Investment Focus:** Encourages investment in qualifying Irish businesses.
How to Apply
The EIIS is a tax relief scheme for investors, not a direct grant for companies. Companies seeking investment should ensure they meet the criteria for EIIS-eligible investments. Investors then claim tax relief when they invest in these companies. Further details on company eligibility and the investment process can be found on the Enterprise Ireland website.