What is Startup India Registration?

Startup India Registration is a government initiative designed to support startups and foster innovation. By providing a range of benefits and resources, the program aims to nurture innovative businesses, reduce regulatory burdens, and create a conducive environment for entrepreneurship. Startups that achieve registration gain access to valuable incentives that can significantly contribute to their success and growth in the competitive market.

Benefits

  • Tax Exemptions : Startups can benefit from tax exemptions on income and investments.
  • Funding Opportunities : Access to government-funded schemes and support for raising venture capital.
  • IP Support : Assistance with intellectual property rights, including patents and trademarks.
  • Ease of Compliance : Simplified regulatory procedures and compliance requirements.
  • Networking : Opportunities to connect with other startups, investors, and industry experts.

Process / Steps

01

Eligibility Check

  • Business Type : Confirm that the business is incorporated as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP).
  • Age of Business : Ensure the entity is not older than 10 years from the date of incorporation.
  • Annual Turnover : Verify that the annual turnover does not exceed INR 100 crore.
  • Innovation : Ensure the business is working towards innovation, development, or improvement of products, processes, or services.
02

Registration on Startup India Portal

  • Sign Up : Create an account on the Startup India portal
  • Profile Creation : Complete the profile by providing basic details about the startup.
03

Preparation and Submission of Application

  • Fill Application Form : Provide details such as the nature of the business, the problem it aims to solve, how it is working towards innovation, and other relevant information.
  • Upload Documents : Upload the necessary documents (detailed below).
  • Self-Certification : Self-certify that the entity is a startup by signing the declaration form.
04

DPIIT Recognition

  • Application Review : The Department for Promotion of Industry and Internal Trade (DPIIT) reviews the application.
  • Approval: Once the application is approved, the startup receives recognition and a certificate from DPIIT.
05

Post-Recognition Compliance

  • Maintain Records : : Keep all documents and records updated and compliant with regulatory requirements.
  • Avail Benefits : Utilize the benefits and incentives provided under the Startup India scheme, such as tax exemptions, funding opportunities, and ease of compliance.

Documents Required

  • Incorporation/Registration Certificate : Proof of incorporation of the business as a Private Limited Company, Partnership Firm, or LLP.
  • Details of Directors/Partners : Name, address, and contact details of the directors or partners of the entity.
  • Description of the Business : A detailed description of the business, including its activities, products, services, and the problem it aims to solve.
  • Innovative Solution : Description of how the startup is working towards innovation, development, or improvement of products, processes, or services.
  • Business Plan : A comprehensive business plan outlining the startup’s objectives, strategies, market analysis, financial projections, and growth plan.
  • Proof of Funding (if applicable) : Documentation of any funding received, such as term sheets, investment agreements, or sanction letters from investors or financial institutions.
  • Website Link/Product Video (if applicable) : Link to the startup’s website or a product video demonstrating the product or service.
  • Patent/Trademark Details (if applicable) : Information on any patents or trademarks registered or applied for by the startup.

Our Support?

  • Eligibility Assessment : Evaluate whether your business meets the Startup India criteria.
  • Documentation and Application Preparation: Assist in preparing and reviewing documents for accuracy and completeness.
  • Filing the Application: Manage the application submission process and address queries.
  • Obtaining Recognition : Help secure DPIIT recognition and handle follow-ups with authorities.
  • Post-Recognition Support : Provide ongoing support to access benefits, manage compliance, and leverage available incentives.

Frequently Asked Questions

The business must be incorporated as a Private Limited Company, Partnership Firm, or LLP, be under 10 years old, have an annual turnover of less than INR 100 crore, and focus on innovation.

The process duration can vary, but typically it takes a few weeks from application submission to receiving DPIIT recognition.

No, the company must be less than 10 years old to qualify for Startup India benefits.