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EIS changes and overseas companies

Speed read

The changes made to the EIS and VCT rules by F(No. 3)A 2010 make it more difficult for many overseas companies to qualify from 6 April 2011. Although the Act removed the requirement that a qualifying trade is carried on in the UK, it has introduced a new requirement that the overseas parent company has a permanent establishment in the UK. There are good reasons why an overseas holding company would not want to carry on a trade through a permanent establishment in the UK, but there are potential workarounds.

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