Startup India Registration

Startup India Registration

Startup India Registration

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What is Startup India?

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

Can a Foreign company register under Startups?

1

Any entity having at least one registered office in India is welcome to register.

What Qualifies as a Startup under Startup India Scheme?
An entity shall be considered as a Startup:
1. If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India.
2. Up to seven years from the date of its incorporation/registration; however, in the case of startups in the biotechnology sector, the period shall be up to ten years from the date of its incorporation/registration.
3. If it's turnover for any of the financial years since incorporation/registration has not exceeded INR 25 Crores.
4. If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation
Note: An entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Startup’.

What are the Benefit under Startups India Scheme?
The benefits provided to recognized startups under the Startup India initiative are:
1. Self-Certification: Self-certify and comply under 3 Environmental & 6 Labour Laws
2. Tax Exemption: Income Tax exemption for a period of 3 consecutive years and exemption on capital and investments above Fair Market Value
3. Easy Winding of Company: In 90 days under Insolvency & Bankruptcy Code, 2016
4. Startup Patent Application & IPR Protection: Fast track patent application with up to 80% rebate in filing patents
5. Easier Public Procurement Norms: Exemption from requirement of earnest money deposit, prior turnover and experience requirements in government tenders.
6. SIDBI Fund of Funds: Funds for investment into startups through Alternate Investment Funds.

Our Packages

Startup India Phase 1
₹ 11800
  • Package Includes
  • Startup India Phase 1

Documents Required for Startup India Registration

  • Registration certificate of Limited Liability Partnership Firm OR Private Limited Company
  • Pan Card
  • Address Proof of Business
  • Details of Director and Partners – PAN, Aadhaar and address proof
  • The Startups will have to self certify compliance of labour laws

Process Involved

Step 1

1

1. Documentation

Step 2

2

2. Cross checking the documents

Step 3

3

3. Registration on startup india.gov

Step 4

4

4. Preparation of application online

Step 5

5

5. Submission of application

Step 6

6

6. Certificate

FAQ'S