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The timeline for startup India registration typically differs from the readiness with documents:
Company Incorporation
Document Preparation
Startup India Registration Certificate
Are you an entrepreneur looking to grow and expand your startup? The Government of India has launched the Startup India Initiative to empower and support entrepreneurs like you. To access its benefits, such as tax exemptions and funding opportunities, entrepreneurs must go through the Startup India registration process.
Under the Startup India Registration Initiative, startups receive financial and mentoring support to help them grow and expand. By fostering entrepreneurship, this program plays a crucial role in boosting India’s economic growth.
For a smooth and hassle-free process of startup India registration, it is recommended to seek assistance from our experts.
Join the evolving community of 1.5 lakh+ DPIIT-recognized startups by successfully completing Start Up India registration with Corpfilings today.
The list of eligibility criteria for Start Up India registration is as follows:
Business Structure
To register a startup in India, an entity must be registered as a private limited company, a limited liability partnership (LLP) or a partnership firm.
Age of the Startup
For a company to be considered a startup, it must be within 10 years from its date of incorporation. However, for startups in the biotechnology sector, the eligibility period is extended to 15 years.
Annual Revenue
The yearly turnover of the startups in India must not exceed INR 100 crores in any fiscal year since its inception.
Innovative Approach
The objective of the startup should be to innovate, develop, deploy, or commercialize new products, processes or services driven by technology or intellectual property.
DPIIT Recognition
The startup in India must obtain a Start Up India registration certificate from the Department for the Promotion of Industry and Internal Trade (DPIIT).
Legal Compliance
A startup must comply with all legal requirements under the Companies Act, Income Tax Act, and Goods and Services Tax (GST) Act. Additionally, it must maintain a bank account in the business name and provide its details during DPIIT registration.
Job Creation Potential
A startup should be capable of creating jobs or have the potential to do so in the future, aligning with the Startup India scheme’s objective of boosting employment in India.
Explore tax benefits, secure funding, and accelerate your business growth effortlessly. Corpfilings ensures a smooth Startup India registration process, guiding you through every step for a worry-free experience. Register a startup in India with Corpfilings expert support today!
The list of benefits of registration of startup in India is as follows:
Enjoy up to 100% income tax exemptions for three years within their first ten years of company incorporation. Overall, this will reduce the tax burden in the early stages.
Individuals investing their capital gains in the startup funds set up by the government will get an exemption from the capital gains, thus attracting more investors to invest in start-ups. It is one of the significant benefits of registration of startup in India.
Startups registered can have access to a variety of government funding, grants, and venture capital to support their business growth. Such as the Fund of Funds, the Startup India Seed Fund Scheme, the Credit Guarantee Scheme for Startups, etc.
The Startup India Scheme offers Intellectual Property (IP) protection benefits that cover patents, trademarks, and design registrations. Startups get support and discounts in fast-tracking IP applications and fees, etc.
The Startup India Scheme also offers additional benefits and support to the trademark registered in India. This includes mentorship, networking events and partnerships, etc.
Startups in India can also easily apply for government tenders, unlike normal company criteria.
The startup India Scheme was launched in 2016 by the Indian government. It came into effect to accelerate the growth and development of startups all over India. This scheme for Startup India Registration aims to contribute to the progress of startup India ecosystem, lifting the status of India as a global giant in innovation.
By securing Startup India registration in India, startups come across a wide range of benefits, such as-
The entities not eligible for Startup India registration are as follows:
The list of documents required to register for start up India is as follows:
Have a look at the stepwise guide for the Startup India registration process-
Firstly, the applicant for startup registration must obtain a certificate of incorporation, such as a Private limited company, Partnership firm, or Limited Liability Partnership (LLP). This certificate shall confirm the legal formation of the business.
To register for Startup India, visit the official Startup India website, fill out the required form on the portal, and submit the necessary details along with the required documents. It is the second step in the startup India registration process.
After the applicant profile on the Startup India website is set up, the next step is to obtain recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).
Once the Startup India Registration application is submitted on the official portal, the applicant will immediately receive a DPIIT recognition number as a preliminary acknowledgement. After a thorough review and evaluation by the relevant authorities, if everything aligns with the laws and regulations, the applicant will be issued a Startup India Registration Certificate.
Under the startup India scheme/initiative taken by Indian government, eligible business ventures can be identified as startups by DPIIT (Department for Promotion of Industry and Internal Trade). This DPIIT is a part of the Ministry of Commerce and Industry, Government of India. It’s important for startups to get DPIIT recognition with successful DPIIT registration and enjoy the merits outlined under the Startup India Scheme.
Corpfilings offers a worry-free Startup India registration process, ensuring compliance and efficiency at every step. Here’s why we are the preferred choice for the registration of startup in India-
Startup India registration is a process by which a new business in India gets registered under the Startup India initiative to avail of various benefits such as tax benefits, simple compliance procedures, and funding facilities.
The list of documents required for DPIIT startup registration is as follows:
The benefits of obtaining a Startup India registration certificate are tax exemptions, Tax Savings for Investors, Protection of Intellectual Property Rights, funding support, etc.
To be eligible for Start Up India registration, a startup must be less than 10 years old from its inception, and its annual turnover should not exceed INR 100 crores in any financial year since its incorporation.
No, there is no such age limit to register as a startup founder.
Yes, foreign nationals or NRIs can register a startup in India by complying with the statutory guidelines.
Yes, you can register your existing business under startup India registration provided they meet the eligibility criteria for startup registration in India.
According to the GSR 127-E rules, proprietors are not eligible to register for startup registration.
While startup registration in India is not mandatory, it is recommended to avail of benefits such as tax exemptions, funding opportunities, and simplified compliance provided by the government.
It takes around 15 to 20 days to complete the entire process of startup registration in India.
Get in touch with our experts and initiate the process of registration and certification without any hassle.
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(+91) 9711678000
