Enterprise Management Incentive (EMI) schemes

We have particular expertise in advising on EMI option plan schemes. EMI schemes are a tax favourable means by which employees of a company can be grated incentive option shares. We have close working relationships with a number of accountancy firms who specialise in this area, including those with a particular focus on owner-managed and small businesses.

In order to be able to grant EMI options a company must have gross assets of £30 million or less and have fewer than 250 full-time employees. EMI options can be granted either by the issue of new shares or by transferring shares already in existence. Subject to certain restrictions EMI options can be granted to the employees of a company provided they do not have a “material interest” in the company. EMI options cannot be granted to non-executive directors or consultants.
We are able to advise on the appropriateness of establishing an EMI scheme, draft the relevant documents and coordinate with accountants throughout the process.

For further information, please call Simon Halberstam on 020 3206 2781 or via email to simon.halberstam@smab.co.uk.