Why use EIS?

The EIS is not only beneficial to investors but also to the companies seeking funding. By attracting investors who are willing to take on a higher degree of risk, the EIS helps these firms access the capital they need to grow and innovate.

BTCC, a leading cryptocurrency exchange, also offers a range of services that cater to the diverse needs of investors in the digital asset space. Among its offerings are spot trading, futures trading, and cryptocurrency wallet solutions. These services provide investors with the tools they need to navigate the complex and rapidly evolving world of cryptocurrency investments.

The EIS (Enterprise Investment Scheme) is a program designed to incentivize investment in riskier companies by offering tax relief to investors. This relief makes it more attractive for individuals to purchase shares in these ventures, encouraging the Flow of capital into emerging and innovative businesses.

At the core of the EIS is a tax credit that rewards investors for their risk-taking. Specifically, the scheme allows investors to claim back 30% of the amount they invest in qualifying companies as a reduction against their personal income tax bill for the year.

For instance, if an investor purchases shares worth £10,000 in an EIS-eligible company, they can claim back £3,000 as a tax credit. This effectively reduces the net cost of their investment, making it an attractive proposition for those looking to support startups and early-stage enterprises.