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Ireland Budget 2024 Update

Some changes to the Employment Investment Incentive Scheme (EIIS) were unveiled in Budget 2024.

Under the enhanced EIIS, the maximum investment eligible for relief has been doubled, allowing individuals to claim relief on investments up to €500,000 per annum, provided the shares are held for a minimum of 4 years.

Additionally, a comprehensive review of the scheme is scheduled for 2024. The objective of this review is to streamline the process for both companies and investors, aiming for a more straightforward and efficient system. Further details about these changes are anticipated to be outlined in the upcoming Finance Bill.

For those seeking more information on the 2023 EIIS Investment Opportunities offered by Green Crowd, please register at www.greencrowd.ie.