Startup India Registration
Startup India registration is a process by which a startup company in India can get recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT). Register your startup with Startup India today and avail a host of benefits, including tax exemption, easier compliance, IPR fast-tracking, access to funding, and more!
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Startup India Registration
Startup India Recognition is a program launched by the Government of India in 2016 to support the growth and development of startups in the country. Under this program, eligible startups can get recognized by the Department of Promotion of Industry and Internal Trade (DPIIT) and avail a host of benefits, including:
- Tax exemption: Startups can avail a tax exemption under Section 80 IAC of the Income Tax Act for three consecutive financial years out of their first ten years since incorporation.
- Easier compliance: Startups are exempt from certain compliances, such as filing of returns and inspections, for a period of three years.
- IPR fast-tracking: Startups can get their intellectual property rights (IPRs) fast-tracked through specialized IP facilitation centers.
- Access to funding: Startups can access funding from various government schemes and initiatives, such as the Startup India Fund and the Fund of Funds for Startups.
- Other benefits: Startups can also avail other benefits, such as self-certification of compliance, access to government procurement, and mentorship from industry experts.
Eligibility criteria for DPIIT Startup India registration
Your company must meet the following criteria to be considered eligible for DPIIT startup recognition.
- Entity must should be Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership.
- startup has not been incorporated for more than 10 years.
- Turnover of the entity of any of the financial years since incorporation has not exceeded 100 Crore rupees.
- Startup has not formed the entity by splitting up or reconstruction of a business already in existence
- The entity should not be incorporated/registered as a subsidiary of any Indian or foreign entity nor it is incorporated/registered as a holding company of any Indian or foreign entity. (Please note that any startup becoming holding/subsidiary of any company after obtaining recognition will be derecognized)
- Entity Should not formed by Joint Venture.
- Entity is not incorporated outside the Indian territory.
- Shareholding by Indian promoters in the startup would be atleast 51%, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
- Entity should not be a sole proprietorship.
Startup India Registration Fees
We help plan and prepare for Startup India Registration, draft documents, and file with the Department for Promotion of Industry and Internal Trade (DPIIT) under the government of India Startup India Initiatives.
Silver Pack
₹ 6,999/-
- Pitch Deck Preparation
- Startup India Registration & DPIIT Recognition
Documents Required for Start up India Registration
- Certificate of Incorporation / Registration Certificate and PAN
- Email ID and Mobile number of Directors and Authorise person
- Company Details ( Industry, Sector, Category, Regd. Office Address etc)
- Directors/Partners Details ( Name, Photo, Gender, Mobile No. Email ID, Full Address)
- A Brief about business and products/services and notes on innovations
- Revenue model and Uniqueness of the Product
- Pitch Deck/Video/Patent ( anyone)
- Website
- Organisation DSC
Toolkit for Financial Statements
Updated financial statements (Balance Sheet, Profit & Loss statement, Income Tax Returns) for the past three years or from the year of incorporation
Note 1 – The Balance Sheet and the Profit and Loss Statement must be CA Certified
Note 2 – If your startup was incorporated on 1st April 2021 or later, Income Tax Returns (ITR) is not mandatory. For startups incorporated earlier, ITR is mandatory
Toolkit for Video Link
- The video should ideally be of 2-3 minutes and be no longer than 5 minutes
- Please showcase the working of the product(s)prototype/proof-of-concept developed by your startup
- If you are a product or software based startup then showcasing a demonstration/prototype/walk-through of the product(s)/software product(s) developed by you is compulsory
- If you provide software or technology services such as website development, application development, developing white-label software products for clients, then please showcase a demonstration/prototype/walk-through of the product(s) developed for your key clients
- Please also showcase the market traction that your product/service has generated through either online customer reviews, client testimonials (video/text are acceptable), or any other similar appreciation/feedback received.
Note –
Please upload the video is uploaded on a third-party video hosting platform such as Youtube or Vimeo. In case you are uploading the video on Google Drive please make sure that it is NOT access restricted
Toolkit for Pitch deck
- Information about the product/service offering of your startup
- Brief about how is your startup innovative and/or scalable (Uniqueness/USP of the startup that differentiates from its competitors in the market)
- Director details and their educational qualification, professional experience, and formal role in the startup/current designation (if any)
- Shareholding pattern as on the date of filling this application
- Directors and Shareholders’ citizenship details
- Team details – current role, education, and professional experience
- Details about adherence to the specific government approvals required by the startups such as FSSAI registration, guidelines set by Bureau of Indian Standards
- Revenue model i.e. details of how the startup generates revenue
- Funding received from private investors or Angel/VC funds (Yes/No); if yes, please add names and details of the investors
If any support (monetary/non-monetary) is received from Central or State Government Ministries/Departments/PSUs/Incubators - Details of any public or private sector awards won by the startup
- Number of people directly employed with your startup
- Number of customers/clients – Paying customers/users with a copy of at least one Contract/Work-Order/MoU or the number PlayStore/AppleStore downloads in case of mobile applications along with a screenshot of the app listing on these platforms
- Link to your startup’s website
- Screenshots/images of your product/website
Note –
1. Please ensure that you provide all the following details in your pitchdeck.
2. Pitchdeck uploaded must be in a PDF format
Startup India Registration Benefits
Reduction in cost
The government also provides lists of facilitators of patents and trademarks. They will provide high-quality Intellectual Property Right Services including fast examination of patents at lower fees. The government will bear all facilitator fees and the startup will bear only the statutory fees. They will enjoy 80% reduction in the cost of filing patents.
Tax holiday for 3 Years
Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).
Eligibility Criteria for Tax Exemption under Section 56 of the Income Tax Act: The entity should be a DPIIT recognized Startup. Aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25 Crore
Easy access to Funds
Registered startups can access various funding opportunities such as government schemes, angel investors, venture capitalists, and incubators.
Apply for tenders
Startups can apply for government tenders. They are exempted from the “prior experience/turnover” criteria applicable for normal companies answering to government tenders.
Government support
Startups registered under Startup India can avail of various government support services such as access to incubators, research and development facilities, and marketing support.
Networking and mentorship
Registered startups can access networking opportunities with other startups, industry experts, and mentors through various events and programs organized by Startup India.
No time-consuming compliances
Various compliances have been simplified for startups to save time and money. Startups shall be allowed to self-certify compliance (through the Startup mobile app) with 9 labour and 3 environment laws.
Meet other entrepreneurs
The government has proposed to hold 2 startup fests annually both nationally and internationally to enable the various stakeholders of a startup to meet. This will provide huge networking opportunities.
Startup India Registration Process
The registration process for Startup India is entirely online and can be completed in a few simple steps:
- Visit the Startup Portal : Go to the official Startup India website
- Register Organisation DSC – On Official Portal Register your organisation DSC using authorised signatory detail
- Fill the Application Form: Complete the online application form, providing accurate information about your startup.
- Document Upload: Upload the required documents mentioned above.
- Self-Certification: Self-certify compliance with various laws and regulations.
- Review and Issuance of Startup India Recognition Certificate: Department will review your application and issue your Startup India Recognition Certificate within 3 to 7 working day.
Startup India: 80 IAC Tax exemption
Post getting recognition a Startup may apply for Tax exemption under section 80 IAC of the Income Tax Act. Post getting clearance for Tax exemption, the Startup can avail tax holiday for 3 consecutive financial years out of its first ten years since incorporation.
Eligibility Criteria for applying to Income Tax exemption (80IAC):
- The entity should be a recognized Startup
- Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC
- The Startup should have been incorporated after 1st April, 2016
FAQ's On Startup India Registration
The eligibility criteria for Startup India registration are as follows:
- The entity must be a private limited company or a limited liability partnership (LLP).
- The entity must have been incorporated after 1st April, 2016.
- The entity’s annual turnover must not exceed Rs. 100 crore in any of the financial years since incorporation.
- The entity must be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.
- The entity must not be a product of restructuring of an existing business.
- The entity must not be in the prohibited sectors as specified by the Department for Promotion of Industry and Internal Trade (DPIIT)
The benefits of Startup India registration include tax exemptions, access to government schemes, easier winding up of the company, self-certification compliance, access to funding, and various other benefits aimed at supporting the growth of startups.
DPIIT recognition refers to the recognition granted by the Department for Promotion of Industry and Internal Trade (DPIIT) to startups in India. It is a prerequisite for availing various benefits and incentives under the Startup India initiative.
Once you have registered your startup with Startup India, you can apply for DPIIT recognition. The application process is online and can be completed through the Startup India website.
The registration process typically takes around 7-10 working days for review and processing. However, the timeline may vary based on the workload and processing efficiency of the authorities.
A proprietorship or a public limited company is not eligible as startup. A one person company, being a private limited company is entitled to be recognized as a ‘startup’.
Yes. One Person Companies are eligible to avail benefits under the Startup India initiative.
No . Proprietorship and unregistered partnership firm are not eligible to avail benefits under the Startup India initiative.
- Certificate of Incorporation / Registration Certificate and PAN
Email ID and Mobile number of Directors and Authorise person - Company Details ( Industry, Sector, Category, Regd. Office Address etc)
- Directors/Partners Details ( Name, Photo, Gender, Mobile No. Email ID, Full Address)
- A Brief about business and products/services and notes on innovations
Revenue model and Uniqueness of the Product - Website/Pitch Deck/Video/Patent ( anyone)
The certificate of recognition is issued typically within 2 working days upon successful submission of the application.
Eligibility Criteria for Startup India Scheme
- The start-up must be registered as a Private Company, LLP or Partnership Firm
- The start-up must not be a product of restructuring
- The Startup must not be older than 5 years
- Annual turnover of the start-up must not be more Rs. 25Cr
- The business must be involved in a new product or service
No, only Indian entities are eligible for Startup India registration. However, foreign investors and venture capital funds can support and invest in Indian startups.
Recognized startups are eligible for a number of tax benefits, including the following: exemption from capital gains tax on sale of shares, exemption from dividend distribution tax, and exemption from income tax on profits for the first three years.
There are a number of other government schemes and programs available to startups, including the following: the Startup India Seed Fund Scheme, the Startup India Innovation Challenge, and the Startup India Mentorship Program.
The certificate of recognition is issued typically within 2 working days upon successful submission of the application.