Startup India Registration

Benefits of Startup India

There are numerous benefits of Startup India Registration, some are:

1. Startup India Recognition – Under the Startup India initiative, eligible companies can get recognized as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.

2. Startup India Hub – Startup India Registration provides you with various resources such as Learning and Development Programs, Government Schemes, and Networking.

3. Relaxation in Public Procurement Norms – Government of India has authorized its Ministries, Departments, and Public Sector Undertakings to relax norms in all public procurements. Startups are entitled to avail exemption on • Prior Turnover • Prior Experience • Earnest Money Deposit

4. Tax Exemption for 3 years – The recognized Startups that are granted an Inter-Ministerial Board Certificate are exempted from income tax for a period of 3 consecutive years out of 7 years since incorporation.

Eligibility for Startup India

As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup :

  • Has not yet completed a period of ten years from the date of incorporation/registration.
  • Is a private limited company or registered as a partnership firm or a limited liability partnership.
  • Has an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.
  • Is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
  • It is not formed by splitting up or reconstructing a business already in existence.

Documents Requirement for the Startup India Registration

  • Incorporation/Registration Certificate
  • Director details
  • Proof of concept like pitch deck/website link/video (in case of a validation/ early traction/scaling stage startup) respectively
  • Patent and trademark details (Optional)
  • PAN Number