Taxes Consolidation Act 1997 section 491

Qualifying companies (supplemental)

Section 491 sets out additional sector-specific criteria that must be met for a company to qualify under the employment investment incentive scheme (EIIS) where its relevant trading activities include internationally traded financial services, tourist traffic undertakings, or green energy activities.

• A company whose relevant trading activities include internationally traded financial services must hold a certificate from Enterprise Ireland confirming that its activities are of a kind specified in the Schedule to the Industrial Development (Service Industries) Order 2010 (S.I. No. 81 of 2010), excluding activities that fall outside the definition of relevant trading activities.
• A company whose relevant trading activities include tourist traffic undertakings must have a three-year development and marketing plan approved by the National Tourism Development Authority (Fáilte Ireland), with the plan primarily designed to increase tourist traffic and revenue from outside the State.
• Green energy activities means activities undertaken with a view to producing energy from renewable non-fossil sources such as wind, solar, aerothermal, geothermal, hydrothermal and ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogases, including the development of facilities for storing such energy.
• A company carrying on green energy activities is deemed to have commenced relevant trading activities when it applies for a grid connection agreement with a transmission system operator or distribution system operator.