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OUR PROCESS FOR
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OUR PROCESS FOR
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DISCUSS WITH OUR EXPERTS
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GET CERTIFICATE
What is
Startup is a buzz word these days since more and more youngsters in India are having that zeal to became new age entrepreneur by providing new ideas and solutions to problems with the use of latest technologies. Any startup company that has innovative and unique business ideas can apply for the Startup India Certificate issued by DPIIT. By doing so, startups can enjoy several privileges that are offered under the Startup India Scheme.
The Government of India has launched Startup India , an initiative aimed at promoting entrepreneurship in the country. Indian Prime Minister Narendra Modi first announced the campaign during his speech on August 15, 2015
Eligibility Criteria for
Company Age
Period of existence and operations should not be exceeding 10 years from the Date of Incorporation
Company Type
Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership
Annual Turnover
Should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its Incorporation
Original Entity
Entity should not have been formed
by splitting up or reconstructing an already existing business
Benefits of
Below are the Benefits that you get in Startup India Registration
DPIIT recognised startups are eligible for tax exemption for 3 years out of 10 years since their incorporation.
Startups can issue shares upto Rs.25 crore to investors at more than its Fair Market Value(FMV) which is generally taxable for Non-Startup companies.
No inspection or physical visit by public officers during the first 3 years.
All companies registered under Startup India will get 50% discount in Trademark & 80% rebate in Patents fees
.
Companies with Startup India registration are eligible to avail funding from Rs.10,000 crore FOF scheme and other government incentives.
Exemption from prior experience or turnover and Security deposit for filing tenders. Opportunity to list Startup products on Government e-marketplace i.e. Gem Portal for market visibility.
If a startup registered under the Startup India scheme fails, it can wind up the company within 90 days using the easy exit route provided by the Insolvency & Bankruptcy Code, 2016.
Startups that are recognized can obtain loans from non-resident investors (External Commercial Borrowings-ECB) of up to $3 million every financial year through a straightforward RBI compliance process.
Like in Delhi there are incentives like collateral free loan, free service of chartered accountants and reimbursement of 50% of lease rental.
Benefits of
Below are the Benefits that you get in Startup India Registration
DPIIT recognised startups are eligible for tax exemption for 3 years out of 10 years since their incorporation.
Startups can issue shares upto Rs.25 crore to investors at more than its Fair Market Value(FMV) which is generally taxable for Non-Startup companies.
No inspection or physical visit by public officers during the first 3 years.
All companies registered under Startup India will get 50% discount in Trademark & 80% rebate in Patents fees
.
Companies with Startup India registration are eligible to avail funding from Rs.10,000 crore FOF scheme and other government incentives.
Exemption from prior experience or turnover and Security deposit for filing tenders. Opportunity to list Startup products on Government e-marketplace i.e. Gem Portal for market visibility.
Startups registered under startup India scheme can avail easy exit route for winding up the company within 90 days under Insolvency & Bankruptcy Code, 2016, in case startup business model failed.
Recognised Startups can avail loans from Non-Resident Investors (External Commercial Borrowings-ECB) upto $ 3 million every financial year through simple RBI compliance mechanism.
Like in Delhi there are incentives like collateral free loan, free service of chartered accountants and reimbursement of 50% of lease rental.
List of Documents Required for
Below are the documents required for the process of Startup India Registration:
Important points to consider
Below are the important points to consider for Startup India Registration:
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OUR PLANS FOR
Have A Question?
Startup India is a flagship initiative of the Government of India launched in January 2016 to foster entrepreneurship and promote innovation in the country.
The main objectives of Startup India are:
Following are the Key benefits of Startup India Registration:
Post getting recognition under startup India scheme, you may apply for Tax exemption u/s 80 IAC of the Income Tax Act. A Startup can avail tax holiday for 3 successive financial years during its first 10 years of startup eligibility.
Criteria for applying to 80IAC Tax exemption :
After startup india registration, you may apply for Angel Tax Exemption.
Criteria for Angel Tax Exemption u/s 56 of the Income Tax Act 1961:
Startups can do self assessment for labour law compliances and there will be no inspection or physical visit by public officers during the first 3 years. Startups can self-certify through startup india portal with given below 6 labour laws.
On obtaining startup India certificate, the startups can avail various assistance in applying for intellectual property rights e.g. Trademark registration, patent and copyright registration.
Recognised startups can avail following reliefs in IPR:
Startups registered under Startup India scheme can avail funding under various government or semi government aided schemes such as:
Under this scheme, interest free loan is provided by Small Farmers’ Agribusiness Consortium (SFAC) to projects falling short of capital requirement for project completion.
Stand Up India Scheme bank loan from 10 lakh-1 crore to at least 1 SC/ST borrower and at least one women enterprise per bank branch.
NSIC registers MSEs under SPRS scheme for participation in Government Purchases.
Startups registered under startup India scheme can avail easy exit route for winding up the company within 90 days under Insolvency & Bankruptcy Code, 2016, in case startup business model failed.
Startups registered under Startup India can avail incubation support from over 250 incubators and accelerators recognized by the government.
It’s a 7 step process to register your startup and recognised with DPIIT:
You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. You have to follow all the normal procedures for registration of any business like submitting the registration application and obtaining the Certificate of Incorporation/Partnership registration.
Then the business must be registered as a startup. The entire process is simple and online. Visit the Startup India website (Homepage (startupindia.gov.in)) and click on the ‘Register’ button and create your profile. Once, your profile is created on the website, startups can apply for various acceleration, incubator/mentorship programmes and other challenges on the website along with getting access to resources like Learning and Development Program, Government Schemes, State Polices for Startups and pro-bono services.
For getting DPIIT Recognition, log in with your registered profile (account) credentials on the Startup India website and click on the ‘DPIIT Recognition for Startups’ button under the ‘Schemes and Policies’ tab. Click on the ‘Get Regonised’ button on the next page. A new page will open. Scroll down this page and click on the ‘Click here for submitting your application for recognition as a Startup’ button.
On the ‘Startup Recognition Form’, you need to fill the details such as the entity details, full address (office), authorised representative details, directors/partner details, information required, startup activities and self-certification. Click on the plus sign on the right-hand side of the form and enter each section of the form. After entering all the sections of the ‘Startup Recognition Form’, accept the terms and conditions and click on the ‘Submit’ button.
That’s it! On applying you will get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents which is usually done within 2 days after submitting the details online.
However, be careful while uploading the documents. If on subsequent verification, it is found to be obtained that the required document is not uploaded/wrong document uploaded or a forged document has been uploaded then you shall be liable to a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.
Incubators and accelerators play a key role in Startup India by providing mentoring, networking, and funding support to startups. The government has recognized over 250 incubators and accelerators across the country, which offer a range of services such as co-working spaces, access to funding, and access to industry experts. Startups registered under Startup India can avail of incubation support from these recognized incubators and accelerators.
The most preferred business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and generally favoured by investors. However, it has stricter compliance and may have a higher cost of incorporation.
Whereas incorporation cost is lower for LLPs and they tend to have relaxed compliance in comparison to the Private Limited Companies. In addition to that, LLPs have limited liabilities and are equally recognised by investors and all over the world.
To attract investors, not only do you need a stellar product with a scalable model, but you also need visibility. Make sure that your product receives healthy engagement and traction. You’ll need to register your startup on startup India and proactively seek out investors. Make sure you are able to effectively communicate your business idea to the investor and the sustainability of your business model.
Any entity that has at least one registered office in India can register itself on the hub, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.
Startup incubators are typically institutions that help entrepreneurs by developing their business, especially in the initial stages. The incubation function is usually carried out by institutions that have experience in the business and the tech world.
Startup accelerators support early-stage, growth-driven companies. These programmes usually have a timeframe in which individual companies spend anywhere between a few weeks and a few months working with a group of mentors who are educated and may also provide financial help.
Yes, as per the law an existing entity can register itself as a startup, provided that it meets the prescribed criteria for a startup. They will also be able to avail various tax and IPR benefits that are available to startups. The criteria are the same as those mentioned in the article above.
Once the application is complete, and the startup gets recognized, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.
Yes. To get register a startup with the Startup India website and get startup benefits, it needs to have at least one registered office in India, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.
Please note that the password you enter for registering on the startup portal must contain 8 to 15 characters, out of which it must contain at least one lowercase letter, one uppercase letter, one numeric digit, and one special character. The portal will accept only a password that contains all these requirements.
A startup is registered with an objective to solve a problem. For a startup to be registered with the Startup India initiative, it must be working towards innovating something new or improving the existing technology to solve a problem. Thus, in the ‘Startup Activities’ section on the ‘Startup Recognition Form’, you must write the details on what problem is your the startup solving, what does your startup propose to solve the problem, i.e. the solution, the uniqueness of your solution, i.e. innovative nature of your product or service and what is the revenue-generating model of your startup.
Our team is constantly working towards the highest level of compliance solutions for you.
Our team is instrumental in ensuring 24*7 that Indian startups and MSMEs are fully compliant in this complex legal environment.
We are continuously increasing our umbrella of services to provide one shop solution and therefore our services are ranging from registration then compliances to website development and digital marketing.
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Please note that we are a facilitating platform enabling access to reliable professionals. We are not a law firm and do not provide legal services ourselves. The information on this website is for the purpose of knowledge only and should not be relied upon as legal advice or opinion.
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