The EIIS (formerly the BES – Business Expansion Scheme) provides tax relief to individuals who invest in qualifying Irish companies.

Key benefits and rules:

  • Tax relief (from 2024):
    • Relief rates now vary (50%–125%) based on company stage and type of investment.
  • Maximum annual investment:
    • Up to €250,000 for 4-year investments.
    • Up to €500,000 for 7-year investments.
  • Eligibility:
    • Must invest in a qualifying trading company.
    • You can’t hold any other capital in the company.
    • You must keep the investment for at least 4 years.
  • E-filing required: Revenue must be notified electronically by the investor or fund manager.

EIIS is a way to support Irish businesses while reducing your tax bill—but be sure to meet all the conditions to avoid a clawback.