To do this will not be easy but approached with the right spirit might be possible. EIS is a useful way of adding a tax efficient high risk element to an invest portfolio or alternatively a tax efficient low risk element using a property. If you sell the shares in the limited company then the capital gain will come back into charge in the year you sell the shares. If you fail to spend the money within 12 months of trading then a capital gain will come back into charge equal to the money not spent- even though the money will still be in the company. If you emigrate within 5 years then the capital gains comes back when you leave.
Relief is denied if the main purpose of making the investment is to avoid tax.
If you send the Inland Revenue a business plan they will give a written ruling that the investment as proposed in the plan will qualify for relief. The clearance is invalid if you mislead the Revenue or you significantly change the business from the one in the plan. We have set up many companies for our own regular clients. Plus we advise a number of local accountants and have advised them setting up schemes for their clients. These include Setting up a retail shop including buying premises and stock Management consultancy which bought a share in an office building Music promotion company.