In 2013 Michail Bolohs, a graduate of the University of Northampton, and Steve Cunningham, a local investor and businessmen, started a business venture – the e-store English-Brands.co.uk that sold original clothing, footwear and accessories under remarkable British logos: Blundstone, Chatham, Gloverall, Hudson, R.M. Williams, Tricker's, etc. - over the Internet. In 2014 the co-founders of the e-store arrived at a decision to implement Mr. Bolohs' knowledge of the Russian market to launch a website in the Russian directory of the Wide World Web.
Presently Michail Bolohs and Steve Cunningham are planning to establish themselves in the Asian region. They are going to replicate their business model in China, Japan and Korea to cater for these lucrative markets. They would like to attract investments for this promising project under HMRS approved SEIS (Seed Enterprise Investment Scheme). It offers great tax efficient benefits in return for investment in start-ups.
Other points to consider are as follows.
- SEIS investors can place up to £100,000 in a single tax year and spread it over a number of companies.
- SEIS investors are able to hold up to a 30 per cent stake in the firm.
- Regardless of the marginal rate, the investors can receive up to 50 per cent tax relief in the tax period.
If you are interested in this business opportunity and would like to get any further information on the subject, contact us at email@example.com or call Mr. Cunningham on 07972709941.