A startup is relatively new entity, usually small to medium, commenced with 1 or more individuals. Every Startup Company with innovation & unique business ideas can apply for the Startup India Certificate issued by DPIIT.
Startups will enjoy several privileges offered under Startup India Scheme.
The startup need to ensure that it is involved in innovative business activity.
In order to accelerate the Indian economy and encourage entrepreneurial mindset, the Government of India (DPIIT), had begun the Start-up India Stand-up India initiative in 2015 to uplift and grow the Indian start-ups.
The certificate issued by the DPIIT shall entitle a startup with various benefits and privileges.
Sole Proprietorship
Firm constitute by the notary partnership deed
Once annual turnover exceeds INR 100 crores
Company is older than 10 years
Private limited company or
Registered Partnership firm or
Limited liability partnership
The company should be newly incorporated and should not be formed by splitting up or reconstruction of an existing business.
Turnover should be less than INR 100 Crores in any of the previous financial years.
An entity shall be considered as a startup up to 10 years from the date of its incorporation.
The business concept should be unique driving towards innovation or bringing improvement of existing products, services and processes and
A startup should have the potential to generate employment/ create wealth.
Post getting recognition under startup India scheme, you may apply for Tax exemption u/s 80 IAC of the Income Tax Act.
A Startup can avail tax holiday for 3 successive financial years during its first 10 years of startup eligibility.
Criteria for applying to 80IAC Tax exemption.
Must be a recognized Startup
Only Private limited or LLP is eligible
Must be incorporated on or after 1st April, 2016
Startups can do self assessment for labour law compliances and there will be no inspection or physical visit by public officers during the first 3 years. Startups can self-certify through startup india portal with given below 6 labour laws.
Fast-track startup patent applications with 80% government fees rebate.
Panel of facilitators to assist in IP applications.
Rebate on FiIling of Trademark application.
Provide the required business details and information to us.
Choose a package and pay online with different payment modes available.
Startup India application will be assigned to one of our dedicated professionals.
Our professional shall carefully examine the criteria of startup recognition and file the application.
Our professionals do follow up with the govt. department for issuance of Startup India Certificate.
On successful examination, Startup India Registration certificate shall be provided to you.
Proof of Business Registration Certificate of Incorporation of the company or registered partnership deed.
Brief on Business Idea required a short depiction of the innovative idea of your business operation.
Core Team details of director required including their qualifications, role in company, etc.
Other relevant information regarding any funding received, Any IPR applied, if any, and number of employees including founders and their roles.
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