EIIS Tax Relief Fund

The Employment and Incentive Investment Scheme (EIIS) is a tax relief incentive program offering Qualifying Investors the opportunity to receive tax relief of up to 50% against their total income for investments in small to medium companies. The BVP EIIS Fund opens again in October 2025 & closes December 2025.

See the 2024 EIIS Brochure below as an example of our previous years fund documentation.

Check out our Limited Time Offer:

Save Now, Invest Later

Avail of a 1% free top up on your EIIS investment when you open a new bunq savings account! Click the link below for more information.

https://www.bvp.ie/bunq-savings-account-bvp-affiliate/

EIIS Funds

Investing with BVP

BVP offer investors the opportunity invest in carefully selected companies as part of a diversified fund. Our Funds allow investors to benefit from the tax relief provided by the EII Scheme and also offers the potential for their investments to appreciate in value.

We actively seek partnerships with Irish companies led by strong management teams and global ambition.

Our investments focus on companies that aim to achieve measurable social and environmental impact while delivering attractive financial returns.

BVP Investments is regulated by the Irish Central Bank.

BVP EII Fund Brochure

investment highlights

Our diverse investment portfolio is strategically designed to achieve tax relief of 35%.

Diversified Investment

Our funds allocate investments across companies in varied sectors such as Renewable Energy, Medtech, ICT, and AI, aiming for a broad exposure to innovative industries.

Up to 50% Tax Relief

Investments through the EIIS can yield tax reliefs of 20%, 35%, or 50%. At BVP, our goal is to secure a composite tax relief of 35% for our investors.

Support Irish Companies

Our investments are directed towards fueling Irish innovation, playing a pivotal role in nurturing homegrown talent and groundbreaking ventures across the country, aligning with Ireland's aspirations for a dynamic and forward-looking economy.

Investor Communication

Our investor communication is designed to keep stakeholders informed and engaged, featuring regular newsletters, an informative podcast, an accessible investor portal, and comprehensive biannual reports, ensuring transparency and up-to-date insights into investment performance and strategies.

Experienced Team

With two decades of experience, BVP stands as a testament to enduring financial expertise, operating under the stringent regulation of the Central Bank of Ireland to ensure the highest standards of integrity and trustworthiness in managing investments.

Our track record

21 Years of Leadership: Investing in the Future with Confidence

€118m

Assets Under Management

The number of companies BVP invested in since inception.

2004

Year BVP was established.

What is EIIS? 01

The Employment and Investment Incentive Scheme (EIIS) is an Irish government initiative that provides income tax relief to individuals who invest in qualifying Irish SMEs (small and medium enterprises). It encourages investment in early-stage and growth companies to support job creation and economic development.

What is the term of an EIIS investment? 02

Shares must be held for a minimum of 4 years to avail of the tax relief. Typical timeline is 4-7 years but we can see realizations happen earlier or later on the investment. It is deemed a medium to long term investment.

How much can I Invest? 03

Minimum investment €10,000

Maximum of €1,000,000

What is the tax relief an investor obtains? 04

Investors can obtain different tax relief rates under the EIIS (Employment and Investment Incentive Scheme) based on the type of investment:

50% Tax Relief: This rate is available for “initial risk finance” investments in companies that have never operated in any market before.

35% Tax Relief: Investors can avail of a 35% tax relief rate for “initial risk finance” investments in companies that are within 7 years of their first commercial sale or 10 years of incorporation.

20% Tax Relief: This rate applies to both “expansion risk finance” investments, which are eligible when based on a new economic activity outlined in a business plan, and “follow-on risk finance” investments, provided the possibility of follow-on risk finance was included in the initial or expansion risk finance business plan.

BVP expects to achieve a blended rate of 35% on their investment portfolio.

What types of income can qualify for tax relief through EIIS? 05

An individual with a taxable income liability in the year the EIIS investment is made. Taxable income includes (1) PAYE earnings (2) rental income from property held in a personal capacity (3) bank deposit interest income and (4) ARF distribution income.

Who selects the investee companies? 06

The fund manager (BVP) conducts a thorough due diligence and screening process, evaluating numerous potential investee companies each year, and selects investments with careful consideration. We typically invest in 6-8 companies within a fund.

Can an investor expect to make a return above his/her tax relief? 07

Most EII investments available on the market seek to generate a return above the tax relief.

At BVP we are targeting an annual return of 15% including tax relief.

What does EIIS stand for? 08

Employment Investment Incentive Scheme.

What are the primary risks associated with EIIS investments? 09

This investment typically involves medium-to-long-term commitments in unquoted companies, with no early exit option (investor’s capital must remain invested for a minimum of 4 years to retain tax relief as per the Revenue EIIS scheme rules). These investments lack liquidity and may require an extended timeframe to realise their value. Investors are subject to the performance of the investee company and may potentially lose some or all of their invested capital. The investment value can fluctuate, both upward and downward. Do not invest if you are not willing to lose some or all of your money.

Who can invest in the BVP EIIS Fund? 10

Any Irish taxpayer (PAYE or self-assessed) with an income tax liability can invest, subject to personal suitability and eligibility checks. Always consult your tax advisor before investing.

How do I claim my tax relief? 11

You will receive an EIIS certificate from BVP for the companies invested within the fund, which you include in your personal tax return via Revenue’s online system (ROS or MyAccount).

Is my capital guaranteed? 12

No. As with any investment in SMEs, your capital is at risk. Investors should review the fund’s Information Memorandum and consider their personal risk tolerance. If you would like a copy of the Information memorandum for the BVP EIIS Fund please email hello@bvp.ie to request this.

Can I carry forward unused EIIS relief? 13

Yes. If you do not have sufficient income tax liability in the year of investment to use the full relief, you can carry forward the unused amount to offset against future income tax liabilities. Please consult your tax advisor for further confirmation on your personal tax affairs.

When is the deadline to invest for this year’s tax relief? 14

To claim EIIS relief against your current year’s income tax bill, your investment must be completed before 31 December. BVP typically closes its EIIS fund in late December each year.

Can I withdraw my investment after the 4 year minimum holding period? 15

There is no early exit mechanism. Investors will need to wait for a company exit to happen in order to receive their relevant funds.

Typical exit timeline is between 4-7 years. However, some exits may occur earlier or later than this typical timeline.

EIIS Tax Calculator

Click on the link to use the EIIS Tax Calculator Click here

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