Helping Software Companies Grow. HM Revenue & Customs: How does a company qualify? For its investors to be able to claim and keep the Seed Enterprise Investment Scheme (SEIS) tax reliefs relating to their shares, the company which issues the shares has to meet a number of requirements.
Some of these apply only at the time the relevant shares are issued. Others must be met continuously, either for the whole of the period from date of incorporation to the third anniversary of the date of issue of the shares, or in some cases, from date of issue of the shares to the third anniversary of their issue. If the company ceases to meet one or more of those conditions, investors may have their tax relief withdrawn.
Finally, there are requirements as to how the company must use the monies it has raised via the issue of relevant shares. Find out more in HMRC’s Venture Capital Schemes manual. Hmrc.gov.uk/forms/eis-aa-bw.pdf. Legal Docs – Seedsummit. Raising funds for a new startup can seem like an overwhelming effort for a new entrepreneur largely due to the time, cost, and lack of transparency in the process.
The fact that most entrepreneurs only go through this process a few times in their career adds to the challenge: after all, the investor usually knows what to expect. When we first launched Seedsummit, we wanted to have a forum for active seed investors across EMEA to meet and get to know each other better. We were impressed by the 50+ investors who participated and actively debated and discussed issues important to them. A major To Do agreed on was to help investors and entrepreneurs across EMEA by providing guidelines on seed stage investment agreements. Untitled.