There are several benefits for the EIS, or Enterprise Investment Scheme, to make this an interesting...
Want to discuss approval for SEIS Investment under the SEIS? At Key Business Consultants, we get a variety of companies and investors who appreciate our clear and concise communication as well as our industry-leading knowledge on SEIS.
To keep the SEIS tax reliefs, the company who issues the shares has to meet a number of requirements. Most Noteworthy:
- The company must be unquoted at the time of issue of the shares. AIM and PLUS Markets listed companies are eligible.
- The company must have fewer than 25 full-time employees (or part-time equivalents). If the company is the parent company of a group, that figure applies to the whole group.
- The business must have no more than £200,000 in gross assets.
- The company must not have had any investment or issued shares in which it has submitted an EIS compliance statement.
- There is a restriction on how much money the company can raise.
Within 3 years of the date, all the monies raised must be spent for the purposes of a qualifying business activity, carried on either by the issuing company or by a 90% subsidiary, even more, the condition may be considered if an insignificant amount is used for a non-qualifying purpose, or remains unspent.
Any new start-up companies that follow the various rules of the SEIS should be able to attract investment to help them on the road to becoming a successful business.
If you have any questions we offer free consultancy and review of the eligibility for SEIS Investment for your business.