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Startup Registration

INCLUSION

  1. DPIIT recognized Startup Registration
  2. Preparation of relevant documents
  3. Assistance in preparing Pitch Deck
  4. Professional Expert Support

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Registering a startup in India involves several steps and considerations. Here’s a comprehensive guide:

Eligibility Criteria:

  1. Entity Type:
    • The entity seeking registration must be a private limited company, a limited liability partnership (LLP), or a registered partnership firm.
  2. Age of the Company:
    • The startup should be incorporated or registered in India for less than ten years from the date of its incorporation or registration.
  3. Annual Turnover:
    • The turnover of the company for any of the financial years since its incorporation should not exceed INR 100 crores (approximately USD 13 million).
  4. Innovation & Scalability:
    • The company should be working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.
  5. Certification:
    • The startup should obtain a certification from the Inter-Ministerial Board (IMB) set up for this purpose.

Registration Procedure:

  1. Incorporation:
    • Register the company as a private limited company, LLP, or partnership firm as per the eligibility criteria.
  2. Self-Certification:
    • Self-certify the eligibility as a startup through the mobile app or portal of the Department for Promotion of Industry and Internal Trade (DPIIT).
  3. DPIIT Recognition:
    • Apply for recognition by submitting the required documents, including a brief about the business model, scalability of the business, uniqueness of the product/service/process, and the nature of the business.
  4. Processing by DPIIT:
    • The application is processed by DPIIT and reviewed by the IMB. Upon approval, the startup is granted recognition.
  5. Certificate of Recognition:
    • Once recognized, the startup receives a certificate of recognition from DPIIT, which helps in availing various benefits and incentives.

Benefits of Startup Registration:

  1. Tax Benefits:
    • Startups are eligible for income tax exemption for the first three consecutive years out of ten years from the date of incorporation.
  2. IP Protection:
    • Fast-track examination of patent applications and 80% rebate on patent filing fees.
  3. Funding Support:
    • Access to various funding schemes and funds under the Startup India initiative.
  4. Ease of Compliance:
    • Relaxation in certain regulatory compliances and reporting requirements.
  5. Government Procurement:
    • Eligibility to participate in government procurement without prior experience or turnover requirements.
  6. Networking & Support:
    • Access to networking opportunities, mentorship programs, and incubation centers under the Startup India initiative.

Documents Required:

  1. Certificate of Incorporation/Registration:
    • Copy of the certificate issued by the Registrar of Companies (RoC) or Registrar of Firms.
  2. Business Plan:
    • Detailed business plan including the nature of the business, scalability, innovation, and target market.
  3. PAN Card:
    • PAN card of the company and its promoters/partners.
  4. Aadhaar Card:
    • Aadhaar card of the promoters/partners.
  5. Bank Account Details:
    • Bank account details of the company.
  6. Pitch Deck:
    • Presentation summarizing the business model, product/service, target market, revenue model, etc.

Conclusion:

Registering as a startup in India offers various benefits and incentives aimed at fostering innovation, entrepreneurship, and economic growth. By meeting the eligibility criteria and following the registration procedure, startups can avail themselves of these benefits and accelerate their growth journey. It’s advisable to consult with legal and financial experts for guidance throughout the registration process.