Enterprise Management Incentive (EMI) is a UK government scheme with generous tax breaks to encourage growing companies to incentivise and reward their employees with equity. An EMI option being a right for employees to buy shares in the company at a fixed exercise price.
Setting up EMI option schemes should be straightforward. Companies shouldn't have to appoint and manage both lawyers and accountants to set up EMI option schemes. Once the EMI option scheme has been set up, employers should be helped to explain its benefit to employees and to comply with on-going HMRC rules.
I've set up Simply Equity with Simon Eagles, a friend of mine and who is also a Chartered Accountant and ex PwC, HSBC and Jefferies, to do exactly that. Simply Equity should make setting up and maintaining an EMI option scheme as simple as possible for you.
If you are interested in setting up an EMI option scheme, please do visit the Simply Equity website or email info@simplyeq.co.uk.