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  • Small Business Finance - Information and guidance on how to finance your business.
    about cookies and how we use them please read our privacy policy here Small Business Finance About Us Contact Us FAQs Tools Downloads Business Start Ups Day to Day Needs Invest Grow Innovate Grow International Business Managing Finances Home develop business overseas Overview New Opportunities Overview Equity Credit Options Government Supports Own Funds Managing The Business Trade Payment Options Overview Cash in Advance Letters of Credit Collections Other Trade Finance

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    need to be able to take advantage of opportunities to export as they arise New Opportunities A business needs to be able to seize opportunities as they arise Access to finance is key in enabling businesses to respond quickly and compete in international markets Businesses should look at the range of financing options available to them including credit and government supports to ensure that they have the right finance available

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/new-opportunities-overview (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Managing Finances Home develop business overseas managing the business Managing the Business Every business should have a bank current account but access to banking facilities are crucial for exporting businesses Managing the Business Every business should have a bank current account but access to banking facilities are crucial for exporting businesses or those with international activities These make it possible to send and receive cross border payments cross border payments and to manage foreign exchange transactions Key bank products services for international business include Foreign currency accounts these can be useful when your trading partners suppliers or customers use a different currency International payments every business wants to be sure it gets paid so secure and timely payment is crucial It s also important to maintain good relationships with suppliers by paying on time Foreign exchange management businesses who deal in significant foreign currency volumes and a range of currencies need to ensure that they can access to those currencies at reasonable cost and in the form required such as cash cheque or draft and to manage their foreign exchange risk for example if a change in exchange rates reduces the value of a contract between agreement and payment Overview

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/managing-the-business (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    versa but trading partners should aim for arrangements that are mutually beneficial An importing or exporting business should consult with its bank to consider the range of trade financing options available and to find a solution that fits its needs The main trade finance options include open account transactions collections letters of credit and cash in advance While open account is the most secure for importers offering free access to short term trade credit it is is risky for exporters as they are not assured of payment Similarly cash in advance is most secure for exporters but importers must accept the risk that goods or services may not be delivered or meet the standards or requirements expected Bills of Exchange Financing The bill of exchange can be used to access bank credit A bill of exchange or foreign bill negotiation is an advance from the bank for up to 100 of the face value of the bill of exchange The bank recovers the proceeds from the sale from the importer and charges interest on the credit provided to the exporter The negotiation may be with recourse where the exporter must refund the bank if the buyer does not pay up

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/trade-payment-options-overview (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Needs Invest Grow Innovate Grow International Business Managing Finances Home develop business overseas other trade finance overview Other Trade Finance Businesses can access a range of other finance options to finance international trade Other Trade Finance Businesses can access a range of other finance options to finance international trade including credit to support international activities guarantees or bonds to secure performance or other contractual obligations from trading parrtners and credit

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/other-trade-finance-overview (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Schemes The Employment and Investment Incentive EII and the Seed Capital Scheme SCS are tax incentive schemes designed to encourage investment in businesses The EII which replaced the Business Expansion Scheme BES in 2012 provides tax relief for investors in companies involved in certain corporate trades while the SCS provides for a refund of income tax already paid by an individual when that individual sets up and takes employment in a new qualifying business Both schemes qualify as State aid and are subject to certain restrictions The SCS is intended for those who are or were in PAYE type employment To be eligible the entrepreneur must enter into a full time employment contract for at least one year with the company as an employee or a director and he or she must acquire at least 15 of the issued share capital of the company The EII allows a qualifying individual who makes a qualifying investment up to a maximum 150 000 for any one year in a qualifying company to avail of income tax relief The investor can initially avail of income tax relief of 30 on the cost of the investment from their total income in the year of the investment If after a three year holding period the company has increased either its number of employees or its expenditure on research and development a further relief of 11 of the cost of the investment will be allowed taking the total relief to 41 The relief may be carried forward to future years if the investor cannot take the full deduction to which they are entitled in any one year The relief is currently scheduled to end in 2013 Both schemes apply only to certain qualifying trading operations and some of these must be certified by relevant development agencies or government departments Full details relating to the investment the company and the qualifying activities of the company are available on Revenue s website here Business Angels Business angels are private individuals who invest relatively small amounts of money in new businesses in return for a share in a start up or early stage business and also contribute their expertise in business management and their personal network of contacts They may invest on an individual basis or as part of business angel syndicates Individual business angels typically invest between 20 000 and 250 000 according to the EBAN the European trade association for business angels seed funds and other early stage investors Two organisations in Ireland seek to match business angels with businesses needing investment the Halo Business Angel Partnership is a joint initiative between Enterprise Ireland InterTradeIreland and the Irish Business and Innovation Centres which is managed by Dublin Business Innovation Centre Limited the Halo Business Angel Network HBAN is joint initiative of Enterprise Ireland and InterTradeIreland which is aimed at developing angel investor syndicates across the island of Ireland Venture Capital Venture capital is private equity provided by professional investment firms Venture capital firms generally look for opportunities

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/new-opportunities (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Schemes The Employment and Investment Incentive EII and the Seed Capital Scheme SCS are tax incentive schemes designed to encourage investment in businesses The EII which replaced the Business Expansion Scheme BES in 2012 provides tax relief for investors in companies involved in certain corporate trades while the SCS provides for a refund of income tax already paid by an individual when that individual sets up and takes employment in a new qualifying business Both schemes qualify as State aid and are subject to certain restrictions The SCS is intended for those who are or were in PAYE type employment To be eligible the entrepreneur must enter into a full time employment contract for at least one year with the company as an employee or a director and he or she must acquire at least 15 of the issued share capital of the company The EII allows a qualifying individual who makes a qualifying investment up to a maximum 150 000 for any one year in a qualifying company to avail of income tax relief The investor can initially avail of income tax relief of 30 on the cost of the investment from their total income in the year of the investment If after a three year holding period the company has increased either its number of employees or its expenditure on research and development a further relief of 11 of the cost of the investment will be allowed taking the total relief to 41 The relief may be carried forward to future years if the investor cannot take the full deduction to which they are entitled in any one year The relief is currently scheduled to end in 2013 Both schemes apply only to certain qualifying trading operations and some of these must be certified by relevant development agencies or government departments Full details relating to the investment the company and the qualifying activities of the company are available on Revenue s website here Business Angels Business angels are private individuals who invest relatively small amounts of money in new businesses in return for a share in a start up or early stage business and also contribute their expertise in business management and their personal network of contacts They may invest on an individual basis or as part of business angel syndicates Individual business angels typically invest between 20 000 and 250 000 according to the EBAN the European trade association for business angels seed funds and other early stage investors Two organisations in Ireland seek to match business angels with businesses needing investment the Halo Business Angel Partnership is a joint initiative between Enterprise Ireland InterTradeIreland and the Irish Business and Innovation Centres which is managed by Dublin Business Innovation Centre Limited the Halo Business Angel Network HBAN is joint initiative of Enterprise Ireland and InterTradeIreland which is aimed at developing angel investor syndicates across the island of Ireland Venture Capital Venture capital is private equity provided by professional investment firms Venture capital firms generally look for opportunities

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/equity (2016-02-16)
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  • Small Business Finance - Information and guidance on how to finance your business.
    Needs Invest Grow Innovate Grow International Business Managing Finances Home develop business overseas credit options Credit Options Banks and non banks provide a range of working capital asset finance and other business credit options for businesses Credit Options Banks and non banks provide a range of working capital asset finance and other business credit options for businesses For more information credit credit options please visit the Credit Overview page here

    Original URL path: http://www.smallbusinessfinance.ie/develop-business-overseas/category/credit-options (2016-02-16)
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