You will require this
approval if you intend to register as an investor or limited partnership for the purposes of obtaining possible tax benefits relating to venture capital investing in companies.
Registration entitles a fund to flow-through tax treatment, which means that the limited partnership does not pay taxes on its income. Eligible foreign
investors in the fund are exempt from capital gains tax on their
share of any profits made by the fund.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
To be eligible for this registration:
- Limited partnerships and general partners must be resident of, or established in, countries with which Australia has a double tax agreement in force;
- Limited partners may be a resident of any country;
- Partnership agreements must run for between 5 and 15 years; and
- The entity must have committed capital of at least $10 million and the type of intended investment must be of an approved nature.
The application must be in writing on the approved form and include information about the general partner, limited partners, limited partnership deed, a copy of partnership agreements, capital raising documents and any other information the Agency may require.
Please consult the Contact Officer for more information regarding eligibility requirements.
Ongoing unless revoked.
No fees are required.
Application for Venture Capital Registration - Please consult the Contact Officer for information on forms to be submitted.
Department of Industry, Innovation and Science
Venture Capital Act 2002 (Australian Government)
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