Concerned about taxation? Thankfully taxation laws in Australia are planned to benefit the investors in the country willing to invest some capital in the early stage asset class.
-
OFFICES: MELBOURNE and SYDNEY
Enter your keyword
Author: Stephen Crowe
If you are struggling with stringent taxation policies… relax now… the ESIC or Early Stage Investment policies are at your rescue.
Now new start-up companies can become ESIC companies and avail tax rebates. They can easily opt for the services of ESIC Hub and become ESIC Ready.
Here are a few misconceptions about ESIC or Early Stage Innovation Company:
Our greatest learning from the past year is the importance of being ESIC aware and ESIC ready. The delivery of the ESIC benefits is most likely achieved …
Tax incentives are something that everyone looks forward to when making investments. ESIC certified companies provide tax incentives for investors paying for new equity shares subscribed.
The introduction of ESIC tax incentives is multiplying investments across Australia. Investors can be Australian residents or non-residents to avail the tax incentives.
Innovations will lead the way in today’s digital life. With more and more entrepreneurs, emerging daily, the scene is filled with smart innovations. To encourage them the Australian government has brought laws to help these new startup companies qualify as an Early Stage Innovation Company (ESIC)
When your company issues shares you have to qualify as an ESIC for your shares to be eligible for the incentives. There are certain tests which can determine whether you qualify as an ESIC. These tests are primarily dependent upon the expenses of the company and the shares held by the investors.
The Government’s generous tax breaks for investors in innovative startups appear to be poorly understood, with many founders unaware they exist and many investors insisting on private rulings from the Australian Tax Office in what was designed as a self-assessment system.