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Startup India Registration
Startup India Registration Available for ₹6,500
No Unseen Fees
Fully Online Process
Application for Startup India Recognition
No-Cost Expert Support
The Government of India introduced the "Startup India Initiative" to provide startups with the necessary resources and support for their growth. Through this program, qualifying companies can obtain recognition as Startups from the DPIIT, which allows them to enjoy tax benefits, simplified compliance, expedited intellectual property rights (IPR) processes, and various other advantages.
Explore the benefits of the Startup India Scheme, the registration process, the required documentation, and the fees associated with obtaining Startup India recognition.
Startup India Registration - Benefits, Eligibility, Documents Required, Process, and Fees
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Benefits of Startup India Recognition
DPIIT-recognized startups can access several benefits through the Startup India Initiative, including:
Self-Certification: Startups can self-certify compliance with six labor laws and three environmental laws through a straightforward online process, reducing regulatory burdens and keeping compliance costs manageable.
Tax Exemption under 80-IAC: Private limited companies and LLPs can benefit from income tax exemptions for three consecutive financial years under Section 80-IAC, within the first ten years of their incorporation.
Simplified Company Winding Up: According to the Insolvency and Bankruptcy Code of 2016, startups with uncomplicated debt structures or those that meet certain income criteria can be dissolved within 90 days of applying for insolvency.
Expedited Patent Application Processing: Patent applications submitted by startups will be prioritized for examination, allowing them to realize the value of their innovations more quickly.
Patent Filing Cost Rebate: Startups are eligible for an 80% rebate on patent filing fees, helping to reduce costs during their crucial early years. This initiative aims to make obtaining patents more financially feasible, encouraging further innovation.
Facilitated Public Procurement: DPIIT-recognized startups can register on the GeM platform to sell their products and services directly to government entities, opening up new market opportunities.
Exemption under Section 56: Investments in eligible startups from accredited investors, non-residents, AIFs (Category I), and listed companies with a net worth exceeding ₹100 crores or turnover exceeding ₹250 crores are exempt under Section 56(2)(VIIB) of the Income Tax Act. Additionally, shares received by eligible startups are exempt up to a cumulative limit of ₹25 crores.
Support for IP Applications: The Central Government covers all fees for facilitators assisting startups with patent, trademark, or design applications, leaving only the statutory fees for the startups to pay.
Priority on GeM Portal: Recognized startups receive preferential treatment on the GeM portal, contributing to a thriving startup ecosystem in India.
The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.
Authorization Letter
Companies PAN Card
Certificate of Incorporation
Director's Aadhar & PAN card
Passport-size photograph of the directors
Website or companies profile deck (if available)
Photo & video of products/services
Brief write-up on how the business is working towards
Innovation in the industry
High potential for wealth creation
Potential for employment generation
Other certificates, if required
GST registration
Trademark registration
Copyrights registration for IPR
MSME registration, if available
Documents required for DPIIT recognition
Eligibility Criteria for Startup India Registration
Originality of the Entity: The business or startup must be a new entity and should not be a derivative of an existing company.
Type of business structure:- To qualify for Startup India registration, the business must be registered under one of the following forms.
Private Ltd Company
One person Company
Partnership Firm
Limited Liability Partnership
Annual Turnover:- According to DPIIT guidelines, the entity should have an annual turnover of less than ₹100 crores.
Incorporation Period:- To be eligible for recognition under the DPIIT Startup India initiative, the entity must be no older than 10 years from the date of incorporation.
Innovation & Scalability:- The entity must demonstrate innovation and the potential for scalability. This is a critical criterion for DPIIT when considering applications for Startup India registration, as the program aims to foster innovation and create jobs within the country.
Startup India Registration Procedure
The registration process for Startup India through Corporate Shastra is straightforward and hassle-free. Here’s what you need to do to obtain your Startup India certificate via DPIIT registration:
Information and Documentation:-
You must provide all the required information to register your startup on the Startup India portal.
Document Preparation and Upload:-
After gathering all necessary documents, our experts will begin drafting the materials needed for registration on the Startup India portal.
Application Submission:-
Once the entity profile is finalized and the documents are ready, we will submit the application for DPIIT recognition through the Startup India portal dashboard.
DPIIT Verification:-
The relevant authorities will then review your application to assess whether your entity qualifies as a legitimate startup. Approval will depend on meeting the criteria outlined for Startup India registration.
Application Outcome:-
After submission to the Department for Promotion of Industry and Internal Trade (DPIIT), you can expect a decision regarding your Startup India registration within 20-25 days. Applications may be rejected if they do not meet the specified criteria set by DPIIT.
Corporate Shastra helps startups with their registration under the Startup India initiative, enabling them to access benefits like tax exemptions, funding opportunities, and various government incentives. The registration process can be complex, so it’s advantageous to seek guidance from experts who specialize in startup services.
Final Conclusion
Frequently Asked Questions(FAQs)
How to register on Startup India?
You can register on the Startup India portal with us in just easy, simple steps.
Provide documents & details
Make payment
Get startup recognition certificate in 7-10 days
How much does it cost to register a startup in India?
Can I register my startup without a PAN card?