Start-Up Registration

What is a Start-Up Registration?

Startup India is a flagship initiative by the Indian Government aimed at promoting and nurturing the growth of startups in the country. The primary objective is to position India as a leading global hub for startups. Through the Startup India program, startups can avail benefits such as tax incentives, financial aid, and access to incubators.

What is a Startup?

A startup is an entity that introduces groundbreaking products or services to tackle prevalent societal problems or needs. It can also revamp existing offerings, enhancing them to provide superior solutions.

Eligibility Conditions for Startup India Registration

• Age of Applicant: Must be an Indian citizen aged 18 or above.
• Age of the Firm: Incorporation date should not exceed 10 years.
• Type of Company: Can be a Partnership Firm, Private Limited Company, or LLP.
• Annual Turnover: Should not exceed ₹100 crores in any financial year.
• Innovative & Scalable: Startups must work on developing innovative and scalable products or services.
• Original Entity: Should not have been formed by splitting an existing business.
• Intellectual Property: Focus on development or commercialization of technology or IP.
• Enhancement of Offerings: Should enhance existing systems or workflows.
• Government Recognition: Recommendation from a government or educational incubator is often required.

Process to Register a Startup

1. Step 1: Incorporate Your Business: Register as a Private Limited Company, Partnership Firm, or LLP and obtain your COI or Partnership Registration.
2. Step 2: Register with Startup India: Visit the Startup India website and register your startup by filling in name, email, and other details.
3. Step 3: Obtain DPIIT Recognition: Apply for Department for Promotion of Industry and Internal Trade (DPIIT) recognition to avail official benefits and tax exemptions.
4. Step 4: Submit the Documents for Registration: Include incorporation certificate, proof of funding, proof of concept, trademark details, and PAN.
5. Step 5: Self-Certification of Eligibility Conditions: Ensure your business complies with Startup India norms and maintains annual turnover below ₹100 crore.
6. Step 6: Obtain Your Recognition Number: After document verification, you will receive a recognition certificate from the authority.

Benefits of Startup India Registration

• Self-Certification: Simplified compliance with 9 major laws through a streamlined process.
• Tax Exemption: Eligible startups enjoy a 3-year income tax exemption within the first 10 years of incorporation.
• Simplified Dissolution: Startups can close operations within 90 days of application.
• Patent and IPR Support: Up to 80% rebate on patent filing fees and legal assistance for IP protection.
• Access to Funding: Supported by Fund of Funds for Startups (FFS) and Startup India Seed Fund Scheme (SISFS).
• Public Procurement Norms: Relaxed norms for government tenders and procurement.