Revenue SURE, EII & 30% R&D Tax Credit Schemes
Reclaim up to 41% of prior PAYE income tax paid over the past 6 years (SURE) or offer external investors up to 40% income tax relief (EII) when subscribing for qualifying shares.
Scheme Overview & Underwriting Criteria
Ireland offers exceptional tax-incentivized founder funding. SURE (Startup Refunds for Entrepreneurs) enables individuals who left employment to start a qualifying trading company to reclaim income tax paid over the preceding six tax years. EII offers external angels up to 40% relief.
Approved vs. Ineligible Expenditure Schedule
- •Direct equity investment into new ordinary shares of an Irish qualifying company
- •Founder personal capital re-investment derived from historic PAYE taxes
- •Angel investor equity rounds into qualifying innovative micro-enterprises
- •Qualified scientific research & experimental development expenditures (R&D credit)
- •Preference shares or debt instruments (must be risk-bearing ordinary shares)
- •Companies engaged in land dealing, financial services, or extraction
- •Pre-existing companies with no new share issue or economic activity
- •Non-arms-length share transactions designed purely for tax avoidance
Required Documents & Assessor Submission Pack
Common Disqualification Red Flags
Assessor Underwriting Warning & Cashflow Timing
SURE allows founders leaving PAYE employment to reclaim up to 6 years of prior income tax to invest directly into their new Irish Limited company.
Test your venture against this grant in 60 seconds
Startup Preflight cross-references your concept canvas, headcount, location, and technical work packages against Revenue SURE, EII & 30% R&D Tax Credit Schemes underwriting criteria before you apply.