Euro
Dollar
Pound
Currency: Euro
Currency: Dollar
Currency: Pound
EIIS, or the Employment Investment Incentive Scheme, serves as a catalyst for SMEs and start-ups in Ireland. It helps companies raise investment while delivering tax savings for investors. In a nutshell, an investor benefits from a healthy 40% tax relief on their investment. As an example, if you invest €10,000, your actual spend is only €6,000, de-risking the investment by €4,000 – which is refunded by Revenue the following year.
A unique selling point of the scheme is that tax relief isn’t confined to pension contributions. It extends to non-earned income sources such as dividends and rental income. So, it’s not just about investing, it’s about investing smartly.
Company: Wild Atlantic Health Ltd
Location: Cork, Ireland
Sector: Preventative Health Tech
Stage: Revenue generating
Company Reg No: 627 336
EIIS: Revenue Approved Scheme
in 2024 for qualifying Irish taxpayers
per annum (including tax relief at the marginal rate)
Amount: Minimum €5,000 | Maximum €250,000 each per individual in a marriage or civil partnership.
Type: Cumulative Redeemable Preference Shares
Closing: 31st December 2023
Post-Covid, we are seeing a convergence of trends encompassing Digital Health, Sustainability and Personalised Nutrition.
Wild Atlantic is the first company in Ireland to offer a painless home test to measure deficiencies and then back this up with lifestyle recommendations and supplements that really work.
We are seeking to raise investment to rapidly grow the business in the Irish market to replicate the model in international markets. So if you’re an investor interested in health, sustainability and backing the business – we’d love to tell you about our EIIS Investment Opportunity 2023.
Avoid negative bank interest rates with our inflation busting investment opportunity.
The staggering growth in Digital Health investment has increased from $1.2 Billion in 2010 to $44 Billion in 2022
Call Jonathan today: 085 777 8262 Email: info@wildatlantichealth.com
Please complete your details to receive a Summary of the EIIS Investment Opportunity 2023.
RISK WARNING – Investing in start-ups involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Before investing, please seek professional finance & tax advice.
In a market where people don’t know which supplements to take or what’s really working, Wild Atlantic eliminates the guesswork by bringing a fresh new evidence-based perspective to preventative health.
Our mission is to bring more wellbeing into the world, empowering people to live longer, healthier and happier lives.
Our Home Tests provide a baseline for better health by identifying nutrient gaps in advance while offering lifestyle recommendations and supplement solutions.
As a D2C challenger brand, we are taking on the outdated supplement industry valued globally at $151.9 billion (2021) and forecast to grow at an 8.9% CAGR from 2022 to 2030.
Revenue-approved EIIS investment opportunity 2023
Save up to 40% on your Income Tax!
Get on board.
While EIIS investments focus on young companies and come with risks, including the possibility of a total investment loss, spreading your investment across different EIIS opportunities each year can help dilute this risk.
Remember, a four-year exit may not always be on the cards. Also, Capital Gains Tax (CGT) on any profits must be factored into your calculations. The investment structure might offer a fixed rate of return and an exit timeline, much like a loan, or it could be equity-based, meaning higher yet less predictable returns with no guarantee of an exit.
Eager to take advantage of EIIS tax relief? Here’s how you can:
Imagine an Irish tax rate payer normally paying 40% income tax at the higher marginal rate. For every €10,000 gross income earned, they’d retain €6,000 net. But what if they invested €10,000 in an EIIS investment?
Scenario 1: Investing €10,000 in a successful company. A 40% tax relief claim leads to a €13,000 return at the end of four years, yielding a capital gain of €3,000. After 33% CGT, you’re left with a net value of €12,000 – double what you’d have without the EIIS investment!
Scenario 2: Investing €10,000 in a company that unfortunately fails. Even after a 40% tax relief of €4,000 you’re left with a net loss of 60%.
See the Official Revenue Information on EIIS
The Employment and Investment Incentive Scheme (EIIS) offers tax incentives to private Irish investors who provide qualifying small and medium-sized enterprises (SMEs) risk capital. This scheme aids these companies in securing the necessary funding to grow their operations and maintain or create job opportunities. EIIS is attractive for individual investors who can claim up to 40% tax relief upfront on their investment.
There are several approaches to participating in the EIIS scheme:
An investment to be eligible under the EIIS, it must be a share-based investment in a qualifying company. The funds raised should be utilised to aid job creation and growth of the company. Furthermore, the investment should be anchored on a detailed and well-outlined business plan.
The investor earns up to 40% relief on their income taxes. The investment amount can be deducted from gross income for income tax purposes.
You can claim relief once you’ve obtained a ‘Statement of Qualification’ SQEII-3 from the company which you will receive in January of the following year. You must verify that you’ve satisfied all the pertinent investor prerequisites before claiming relief. To proceed with your claim, you must fill out the relevant sections: Income Tax Return Form 11.
The 40% tax relief is obtained for the year the investment is made, i.e. for an investment made in 2023, the investor will get 40% relief in his/her 2023 tax return usually filed in 2024.
Call Jonathan today: 085 777 8262 or email info@wildatlantichealth.com
Please complete your details to receive a Summary of the EIIS Investment Opportunity 2023.
RISK WARNING – Investing in start-ups involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Before investing, please seek professional finance & tax advice.
COPYRIGHT © 2024 WILD ATLANTIC HEALTH. ALL RIGHTS RESERVED.