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To qualify for EIS, companies must meet specific criteria set by HMRC, including being a UK company and having fewer than 250 employees at the time of investment. It’s important to ensure that the business has raised no more than £5 million in the last 12 months and that it is not listed on a stock exchange. Investors should also confirm their eligibility under the UK HMRC EIS1 guidelines to benefit from tax relief. Consulting resources on platforms like uslegalforms can provide valuable insights into this process.
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