StartUp India Registration

Startup India Registration is a government initiative to promote and support startups in India by providing various benefits like tax exemptions, access to funding, and simplified compliance processes. It helps new businesses by fostering innovation and entrepreneurship.

Any entity that meets the following criteria can apply:

Incorporated or registered in India up to 10 years from its date of incorporation.

Registered as a Private Limited Company, a Registered Partnership Firm, or a Limited Liability Partnership (LLP).

Has an annual turnover not exceeding Rs. 100 crore in any financial year since incorporation.

Working towards innovation, development, or improvement of products, processes, or services.

Benefits include:

Tax Exemptions: 3-year income tax holiday.

Access to Funds: Government's 10,000 crore rupee fund and guarantee schemes.

Intellectual Property Rights (IPR): 80% rebate on patent filing fees.

Government Tenders: Eligibility to bid without prior experience/turnover requirements.

Ease of Compliances: Self-certification for 6 labour and 3 environment laws.

A business is considered a startup if it:

Is not older than 10 years from the date of incorporation.

Has not achieved a turnover exceeding Rs. 100 crore in any financial year.

Is focused on innovation, development, or improvement of products or services, or a scalable business model with potential for employment or wealth creation.

The process involves:

Checking eligibility criteria.

Creating an account on the Startup India portal.

Filling out the registration form and uploading required documents.

Submitting the application for review.

Receiving the DPIIT certificate upon approval.

Documents typically required include:

Certificate of Incorporation: Proof of registration.

PAN Card: For the entity and authorized signatory.

Proof of Concept: Examples include a pitch deck, website, or product demo.

Authorization letter: To be submitted by the person authorized by the business entity to Startup India.

Proof of funding: Who is funding the Startup.

Details of Directors/Partners: Including photographs, Signatures, IDs and addresses.

Information on Business Activities: Description of your innovation, development, or improvement focus.

The registration process can take anywhere from a few weeks to a few months, depending on the completeness of your application and the verification process by DPIIT.

The registration itself is free. However, there may be costs involved in gathering necessary documents and fulfilling other compliance requirements.

No, to avail the benefits such as tax exemptions, funding support, and other incentives, a startup must be recognized by DPIIT under the Startup India initiative.

The Department for Promotion of Industry and Internal Trade (DPIIT) is responsible for the recognition of startups under the Startup India scheme. They verify and approve applications, ensuring that eligible startups receive the benefits and support offered under the initiative.

No, entities formed by splitting up or reconstructing an existing business are not considered eligible for registration under the Startup India initiative.

If your startup’s annual turnover exceeds Rs. 100 crore, it will no longer be considered a startup under the initiative, and the benefits will cease accordingly.

Yes, DPIIT-recognized startups can register on Government e-Marketplace (GeM) to sell their products and services directly to government departments, providing a significant business opportunity.

Startup India offers access to a government fund of Rs. 10,000 crore for venture capital, and guarantees to lenders to encourage financial institutions to provide venture capital to startups.

Taxyaari helps you navigate the Startup India registration process, from checking eligibility to filing your application and obtaining DPIIT recognition. Our experts ensure that your startup can avail the benefits offered under the initiative.