Published: 3 September 2021 6:11 pm Author: Oliver Stanley
SEIS & EIS certificates – individual investors behind nominee
It is common for corporate investors to be holding shares as a nominee for multiple individual investors. While the corporate nominee is not eligible for EIS or SEIS relief, the investors are – and they expect the company to provide them with the completed certificates (EIS3 or SEIS3).
Kudocs makes it easy and quick to generate their certificates in seconds – even if there are hundreds of investors.
“We’ve just completed a round with a VC investor. They have over 250 individual investors behind them on this deal and ALL of them are eligible for EIS relief. When the VC asked me to provide the EIS3 certificates, I was terrified and depressed in equal measure – where would I find the time?
We were using Kudocs already and when I found out that I could just upload the list of investors to the system and it does the rest I could not believe my luck.
What was going to be at least 1 day’s work was done in no more than 3 minutes. This was a game-changer – for me, the VC and their investors.”