Oct 15, 2018

As part of his Budget 2019 speech, the Minister for Finance announced that he intends to take account of recommendations on the Employment Investment and Incentive Scheme (EIIS) and Start-Up Refunds for Entrepreneurs scheme in order to increase efficiency and effectiveness of both reliefs.

The Minister intends to:

  • Amend the application procedure so that it becomes a largely self-certification model. This is hoped to address delays in the application process
  • Provide for a specific investor eligibility regime for investment in very small enterprises
  • Extend the EII and SURE sunset clause to three years from now (end 2021).

Further details will be announced in the 2018 Finance Bill – we will update you on these in next Monday’s enews.