Summary of the revised Business Expansion Scheme

This scheme has revamped and renamed the Employment and Investment Employment Incentive Scheme (EIIS).  Under the new incentive the limit that can be raised has been increased from €2m to €10m and the amount that can be raised in any one period increases from €1.5m to €2.5m.

The mandatory holding period has been reduced from 5 years to 3 years while the maximum annual relief for an individual remains at €150,000.The relief remains at the individual's marginal rate however it is now granted on a phased basis with only 30% relief available initially with the remaining 11% deferred until the end of year 3 provided the Company meets required employment criteria or R& D goals. 

The Companies that can qualify for the scheme has been significantly increased compared to the previous BES scheme which was quite restrictive.

The Previous BES Scheme expired on the 31/12/2011.

For further information please contact us