INVESTMENT
Modern Rituals is a forward thinking production company at the intersection of artists and the creation of new work for film, tv and theatre. We are an EIS / SEIS registered company (number: ) able to take seed investment across our entire slate.
Our advisory board is made up of a number of highly experienced professionals with industry and financial expertise. They help guide and shape the direction of the company and it's slate as we build out our IP across multiple mediums. Read more about them individually below.
EIS / SEIS REGISTERED
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are UK government-backed initiatives that reward investors for backing early-stage, high-growth companies like ours with highly attractive tax reliefs and downside protection. They are designed to make it easier and more appealing for individuals to support innovative businesses in sectors such as film, television and the wider creative industries.
INVESTOR BENEFITS
The EIS and SEIS schemes allow for generous advantages to individuals making use of them:
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Under SEIS you can invest up to £200,000 each tax year and claim up to 50% of this back through Income Tax Relief
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Under EIS you can invest up to £1million and claim up to 30% of this back through Income Taax Relief
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Under SEIS and EIS when you sell your shares, you'll pay no Capita Gains Tax (CGT) on any share profits as long as: (a) You held the shares for minimum 3 years (b) You've received income tax relief on that investment which has not been rediced or withdrawn at a later date
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EIS Loss Relief is available, significantly reducing net risk
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Ability in some cases to defer or reinvest other capital gains into an EIS/SEIS investment, helping manage or reduce CGT exposure
INVESTOR REQUIREMENTS
To access EIS and SEIS schemes you must meet the following:
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Be an Individual UK tax payer and not a corporate entity
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Not hold more than 30% of the company's total shares (SEIS)
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Hold the shares for a minimum of 3 years to access the reliefs
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Not be an employee of the company or have a close realtive employed by the company
