Course Details

EIIS is a useful equity funding method for companies to achieve their goals. EIIS can support SMEs as an alternative finance provider. During this time, whereby the pillar banks can be difficult to obtain funding from and with rising interest rates, EIIS can be a competitive source of funding for start-up companies that may be pre-revenue or more established clients that require funding for a new project / development. 

 

In addition to the above, EIIS investors can receive a 40% income tax refund on their equity investment which also makes EIIS an attractive investment opportunity. 

 

EIIS is a difficult and complex topic. EIIS legislation has seen a number of changes in past several years therefore it is important, if raising EIIS that all the tax conditions are satisfied.

Companies seeking to raise EIIS funding require tax advice to ensure qualification and to avoid potential pitfalls for itself and its investors.

 

Given the changes over the past number of years, it has resulted in EIIS becoming complicated in certain scenario’s with particular difficulty arising in determining qualification for EIIS and exiting EIIS investors.

The risks associated with these changes have increased due to the removal of Revenue’s pre-approval process and move to self-assessment.

 

This course provides a greater understanding of the EIIS funding and legislative landscape and should provide the practitioner and /or business owner an appreciation of EIIS nuances and whether external advice is required.

 

Rory O’Shea covers the following topics during this course:

 

  • Background of EIIS
  • Qualifying Company
  • RICT Group
  • Business Plan
  • Types of Risk finance
  • Qualifying purpose & investment
  • Qualifying investor
  • EIIS Exits & Clawbacks
  • General Block Exemption Regulation (GBER) changes

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CPD Course Speaker

Azets

Rory O'Shea

Rory is a Tax Partner in Azets Ireland, Rory has extensive experience in providing tax compliance and advisory services to the firm’s domestic and international clients.

Rory advises on Employment Investment Incentive Scheme (EIIS), employee incentivisation and tax planning for SME’s. This includes offering commercially-focused taxation advice in relation to existing shareholders, corporate group reorganisations, due diligences, debt restructuring, and succession planning.

Rory is principally engaged in the provision of tax consultancy advice across all tax heads to a large diverse portfolio of international and domestic corporate clients.

Having been involved in a wide range of tax consultancy projects, Rory has significant expertise in advising our clients across all tax heads. He also has considerable knowledge of Company Law, bringing added value to the taxation advice.

Rory is a member of the Irish Tax Institute (CTA) and holds an Honours Bachelor Degree in Business Studies from the University of Limerick.