We are delighted to announce the launch of The EIIS Innovation Fund.
The EIIS Innovation Fund will allow investors to invest in Irish companies with excellent management teams and future growth potential while availing of up to 40% income tax relief.
With experience in operating EIIS/BES investments since 2005, The EIIS Innovation Fund will be managed by Quintas Wealth Management Limited (QWM) and advised by Quintas Capital Limited and Quintas Partners. The fund will be led by Quintas Capital Director, Kevin Canning.
Speaking on the launch, Director of Quintas Capital, Kevin Canning said, “I am delighted to be given the chance to lead The EIIS Innovation Fund. I have sourced, fundraised and managed several EIIS investments in the past and look forward to providing this service in a more structured manner. The Irish economy needs a surging SME ecosystem and EIIS investment should be the backbone of supporting young Irish SMEs. Reach out to me if you are an investor or company looking to learn more”
What is EIIS?
The Employment and Investment Incentive Scheme (EIIS) is a tax relief incentive scheme, previously the Business Expansion Scheme (BES) which provides income tax relief of up to 40% to individual investors for investments in small and medium-sized companies throughout Ireland.
The scheme offers one of the few remaining income tax reliefs and provides total income tax relief including:
- Rental income
- Employee share options
Find out more: EIIS Investor FAQs
An EIIS Fund is a professionally managed suite of EIIS investments. Investors benefit from spreading the risk of their EIIS investment across a number of companies as opposed to a direct investment in one company while still availing of income tax relief.
If you are interested in learning more about The EIIS Innovation Fund: Key Features Document
We believe there is a lack of awareness and understanding of the EIIS scheme within Ireland. We would like to see the scheme used to its full potential and we are on a mission to ensure that both investors and companies benefit.
If you are a financial broker, investor or company looking to learn more about EIIS and our fund, we are holding a 30 minute lunchtime Zoom webinar on Friday 4th November at 1pm.
Sign Up: Here
Speaking about the launch, Anne O’Doherty, Head of Life & Pensions, Quintas Wealth Management commented “We are delighted to be able to offer this unique opportunity. This is an exciting and innovative scheme for investors which should bring benefits to both them and the companies involved.”
25 October 2022