Venture Capital Limited Partnerships (VCLP)

The Venture Capital Limited Partnership program offers tax benefits to fund managers and eligible foreign investors to help stimulate venture capital investment. Benefits include an exemption for eligible foreign investors from capital gains tax on their share of a fund's returns from eligible venture capital investments.

Who can apply

Fund managers of a new partnership seeking to raise investment of over $10 million.

Perks & benefits

Tax benefits for fund managers and eligible foreign investors
Exemption from capital gains tax for eligible foreign investors

Sources

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Funding

From AUD 10.0m

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Eligibility criteria

You can apply to register if you are a new venture capital fund, a limited partnership or an incorporated limited partnership, established in Australia or a country that has a double tax agreement with Australia.
You must have a general partner (often also the fund manager) who is a resident of either Australia or a country that has a double tax agreement with Australia.
You must have at least $10 million in committed capital (although a partnership that doesn’t satisfy this requirement may be eligible for conditional registration).
You must have a qualifying partnership agreement that ensures the partnership remains in existence for between 5 and 15 years, requires partners to contribute capital when required, prohibits adding new partners except as provided for in the agreement, prohibits increasing committed capital except as provided for in the agreement, confers on the general partner the right to require partners to contribute their committed capital to the partnership, and includes a plan outlining the partnership’s...

Venture Capital Limited Partnerships (VCLP)

Perks & benefits

Sources

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