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Building company is looking for Investor
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| A New Investment Scheme has been announced – Providing 41% Tax Savings for SME Investors
Today leading audit tax and advisory firm, RSM Farrell Grant Sparks announced the approval by the European Commission of a new Government investment scheme that will offer substantial tax relief to investors, assisting SMEs in raising funding.
Under the Employment and Investment Incentive Scheme (EIIS), an individual who invests in an SME can get tax savings of 30% on the investment in the 1st year and a further 11% 3 years later, if employment in the business increases. The Scheme could create up to 2,400 jobs over the next two years.
Struggling businesses have been thrown a lifeline by the new Employment and Investment Incentive Scheme (EIIS), for which most trading businesses will qualify. The Scheme is designed to be easy to avail of and suits small as well as larger companies. An individual gets tax relief by purchasing new shares in the company and can invest from as little as €250 to a maximum of €150,000 in any tax year. The Scheme will support existing jobs and will enable businesses to create new employment. |
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Proposal Summary: |
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My company NewSpace Building Services delivers building services to housing, commercial and industrial markets. At the first stage company will concentrate on housing market looking for jobs such as house extensions, attic conversions and some major house refurbishments.
After a year of company operations and receiving C2 cert from Revenue the company will expand services and offer fit out and office refurbishments services to small and medium businesses in Leinster County.
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| Capital Needed: € 10,000 |
| Minimum Investment: € 5,000 |
| Region: Dublin |
| Industry 1: Construction |
| Industry 2: Marketing & Advertising |
| Company/Product Stage: Finished Product |
| Investor Role: Any |
| Amount Invested: 5000euro |
| Investment Reason: Sales & Marketing |
| Package Selected: |
| Posted: May 13, 2012 |
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