New benefits for early-stage investors

high-net-worth/SMSF/HNW/

image
image image
expand image

High net worth investors and early-stage companies in Australia are eligible for funding and new tax incentives of up to $200,000 a year through the Early Stage Innovation Companies (ESIC) Hub — a new online platform aimed at boosting early-stage investment.

ESIC Hub is the first platform of this type in Australia aimed specifically at HNW investors, according to founder, Stephen Crowe, who said capital had recently begun to shift towards ESIC, such as those eligible to use the platform.

"These new incentives mean early-stage companies wanting capital must tick the right boxes in terms of their structure and investors must fund early-stage companies with their eyes wide open," he said.

Self-managed super funds (SMSFs) are also eligible, with the platform also open to non-Australian residents. Investors who do not fall into the HNW category cannot invest more than $50,000 in a qualifying ESIC within one income year to be eligible for the tax benefits.

Crowe said that in order to qualify for tax savings, investors need to have obtained a qualifying ESIC certificate issued by a qualified, independent tax expert at the initial time of their investment.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 3 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

3 days 4 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 6 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Powered by MOMENTUM MEDIA
moneymanagement logo