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2020 EIIS Programme Invite

Posted by:

on 16.12.2020

We’re inviting you to join us as be part of our 2020 EIIS Programme, as we embark on our journey to develop a world class Irish Whiskey.

 

The whiskey business is all about Time and Timing. We can’t do anything to reduce the minimum of 3 years that whiskey must stay in a wooden cask, but we have worked very hard on the timing to benefit our investors.

The EIIS (Employment Incentive Investment Scheme) is a longstanding tax relief initiative to encourage individual Irish taxpayers to support early-stage Irish companies with attractive income tax relief of 40% of the amount invested in Year 1 of the investment. It’s the end of the year, tax filing deadlines were pushed back this year to early December due to Covid-19, we are in the market with our 2020 EIIS Programme. In this time of negative interest rates when you will be charged interest to keep cash in your pension account, this might be something of particular interest in 2020.

Our 2019 A Share investors have all received their 40% relief against their 2019 income tax bill by now. Our team are experienced professionals. The new self-certification process introduced in 2019 is technical and timing of spending by the Company is so very important.

 If you have a material income tax bill in 2020, and you want to avail of one of the few reliefs against Irish income tax, this EIIS opportunity may suit you. Why invest in Skellig Distillers Limited?

  • Independent Irish owned Distillery & Visitor Experience, authentically of its place on the Atlantic Coastline, and prime location on the Wild Atlantic Way and Ring of Kerry routes.
  • Profound sense of purpose to support the Home Place – here in Cahersiveen, County Kerry.
  • Credentials of the company board and expertise in the professional team.
  • Proven track record of navigating and delivering in new complex EIIS landscape.
  • Significant milestones reached and progress made to date. Italian 500L Gin Still installed and commissioned, gin distillery in situ and spec of the whiskey distillery plant finalised.
  • The company is debt free and has several revenue channels already in existence. The company owns the distillery building with full permissions, consent and bonds in place.

 

AVAILABLE TAX RELIEF:         40% of your investment amount can be claimed as relief against your 2020 income tax bill in as early as 2021
MINIMUM INVESTMENT:      €50,000 in €1 Redeemable B Shares, Nominee Structure
PROJECTED RETURN:             Amount Invested +10%
INVESTMENT TERM:               5 years

You can contact us directly on  eiis@skelligsix18distillery.ie  if you or your tax advisor have any queries. We will be working right up to 30 December 2020.

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