What's Included?

  • What is Advance Assurance.

  • What are the SEIS and EIS schemes.
  • What does the application process entail.
  • What information to include in the application.
  • What information to include in the cover letter.
  • Advance Assurance for foreign companies.
  • Rules and conditions a company must meet.

Everything an entrepreneur needs to know about the SEIS and EIS advance assurance process.


If you are an entrepreneur with an idea or an early stage qualifying company, this guide will be able to help you understand the Advance Assurance process. The Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS)
allow small start-up high risk companies raise equity finance.

Our eBook will save you valuable time and expense to apply for SEIS or EIS advance assurance.

Frequently Asked Questions

Is there any advantages to seeking advance assurance?

We always recommend companies seek advance assurance prior to issuing shares, this is to reduce the chance of issuing non-qualifying shares and having to deal with angry investors. Advance assurance essentially means based on the information provided the company appears to qualify for SEIS and/or EIS. Companies can use this 'pre-approval' to attract investors by demonstrating if they invest they will receive SEIS/EIS tax reliefs.

I received advanced assurance before the Finance Act 2018/19, which introduced criteria such as the risk to capital. Do you think if I re-submit the application as originally submitted that the company would meet the risk to capital criteria?

Not likely...


There two parts to the risk to capital condition:

  • Growth and development, and
  • Significant risk to investors.

For more information on this condition, consider reading EIS: The why and the what of the risk to capital condition.


Before resubmitting your application, consider adding a section addressing both parts of the risk to capital condition. We also recommend reviewing the entire application for anything that could be risk-reducing such as joint ventures, partnerships, etc.


This condition is very interpretation and has lead to many previous successful applications no longer qualifying. Most applications tend to already demonstrate that the company intends to use the money they raise for scaling up their business, but many businesses may no longer qualify due to being low-risk investments.


If the company resubmits the application without addressing this condition, prepare to receive many questions from HMRC on how the company meets the condition. We recommend addressing the issue, as any questions HMRC has will delay the process of receiving your advance assurance, assuming you meet the risk to capital condition.


How long does it take HMRC to approve my application?

HMRC typically takes 45 days to come back regarding an application. However, if HMRC has any questions this can prolong the process, these questions tend to relate to the companies qualifying status. Be sure to include aleast a sentance or two, in your cover letter indicating how the company meets each qualifying condition.

What if the ebook doesn't answer all my questions?

Ask us!

At Sapphire Capital, we are always happy to help therefore don't be afraid to send us an email or book a call to discuss your remaining questions.

Is this ebook really free?


Just sharing some free knowledge that we hope you’ll find useful. Keep us in mind next time you have any questions!

Hundreds of people have used our guides to improve their knowledge & understanding of the SEIS and EIS advance assurance process.

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