Startup India registration: How to register in startup India:

Updated on May 03, 2023 05:29:03 PM

The government of India has started an ambitious Startup India program to support and encourage new businesses. Program goals include fostering startup creativity, development, and Scalability.

The program's benefits include tax breaks and access to government assistance for enterprises within their first ten years of operation. The government's goals include creating a robust industrial environment & encouraging a culture of entrepreneurship among the younger generation.

To use these resources and guidance, enterprises must first register with the DPIIT for startups in India recognition.

This article will briefly cover the startup registration process, benefits and other aspects of the registration.

Startup India Certificate [Sample]

Startup India Registration Company sample

What is Startup?

The Department for the Promotion of Industry and Internal Trade (DPIIT) has determined the following criteria to be appropriate for categorizing businesses under startups.

  • The originality of the entity
  • Type of business structure
  • Annual turnover of the company
  • Existence period of the company
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Eligibility criteria for startups

Eligibility criteria for startups

1- The originality of the entity:- To meet the criteria for DPIIT registration, the startups must have been separate entities, meaning they cannot have been created by splitting an already existing company.

2- Type of business structure:- If a company is not registered under the following business structure as per the companies act 2013. Such entities will need help to avail the benefits of the startup India program.

  • Pvt Ltd Company
  • Partnership Firm
  • One person Company
  • Limited Liability Partnership

3- Annual Turnover of the company:- The company's annual Turnover should be at most 100 crore rupees for any calendar year since its incorporation.

4- Existence period of the company:- The existence period of the entity should be more than 10 years from the day of incorporation.

5- Innovation & the scalable entity:- The most critical aspect of a business is Scalability and innovation. These aspects are essential for any business activity. Before recognizing a new entity under the startup India program, DPIIT takes it under consideration because startups need to have a clear idea for DPIIT registration on the Startup India portal.

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Process for Startup India recognition under DPIIT

1 - Incorporating a business:-

The applicant must first evaluate their eligibility for Startup India registration before applying. To conduct business legally, they must register their entity under the following business structure of the companies act 2013.

  • Pvt Ltd Company
  • Partnership Firm
  • One person Company
  • Limited Liability Partnership

Only the businesses registered under the above categories can be considered for the startup India recognition.

2 - Profile creation on the portal:-

Next, a user must create a profile on the startup India portal by filling out an online form and submitting the necessary details, such as an email address and one-time password (OTP), to validate the identification.

After successful profile creation, the candidate can take advantage of the subsequent.

  • Pro-bono Services
  • Website Challenges
  • Government Schemes
  • State Policies for Startups
  • Learning and Development Program
  • Incubator/mentorship programs for startups

3 - DPIIT recognition for startups:-

Startups must apply for DPIIT approval after the profile has been created from the control panel; you may access the startup recognition application. To move on with the procedure, you will need to provide information such as your company's data as requested.

Step for startup india recognition
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Documents required

The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.

Document Required for startup india
  1. Authorization Letter
  2. Companies PAN Card
  3. Certificate of Incorporation
  4. Director's Aadhar & PAN card
  5. Passport-size photograph of the directors
  6. Website or companies profile deck (if available)
  7. Photo & video of products/services
  8. Brief write-up on how the business is working towards
    • Innovation in the industry
    • High potential for wealth creation
    • Potential for employment generation

    Other certificates, if required

    • GST registration
    • Trademark registration
    • Copyrights registration for IPR
    • MSME registration, if available
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Benefits of the Startup India initiative

  • Self-certification
  • Easy winding up a process
  • Liberty from 6 labour laws
  • Tax exemption under section 56
  • Exemption from 3 environmental laws
  • Quick IPR and patents registration process
  • Tax holiday under 80 IAC for 3 consecutive years
  • Easy public procurement and tendering norms for the company

Note: Businesses with DPIIT registration are exempted from Earnest money deposition (EMD) during public bidding and procurements on etendering portals such as GeM portal.

Benefits of startup india
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Startup India Registration Fees

The professional price for gaining DPIIT recognition under Startup India programs is 3,999 rupees only & the entire time it would take in the process would be 20-25 business days.

Particulars Fees
Our Professional Charges 3,999 Rupee
Time Taken in Process 20-25 Days

Get Expert Consultation

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How to apply for Startup India DPIIT recognition?

Registration for a new business in India is quick and painless when you use the right tools. Our three-step process makes registering your company as a startup in India easy under DPIIT guidelines.

  • get in touch icon
  • documents required icon
  • get registered icon

Step 1:
Get in touch via call or contact form

Step 2:
Provide necessary documents

Step 3:
Get your Startup India Certificate in 20-25 working days

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Conclusion:

This moment in India's history marks the beginning of a period of unparalleled prosperity for the country's budding entrepreneurs. The government plays a crucial role in making India a technology superpower.

The Indian government's Startup India program acts as an intermediary between startups and the kinds of possibilities they might not be able to access on their own. Therefore the new businesses need to register themselves with DPIIT to take advantage of govt schemes & guidance.

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Frequently Asked Questions (FAQs)

How to apply for startup India registration?

The registration process for startup India is straightforward. You must follow these simple steps to get your registration done with us.

  1. Contact us
  2. Provide details & documents
  3. Get your approval within 20-25 days from DPIIT
Is it necessary to register startups in India?

Startups are encouraged by the government by providing them with various benefits through tax holidays & fewer compliances. However, it is optional for startups to get registered in India. But the scheme introduced by govt can help them in promoting their business.

What is the startup India registration eligibility?

The eligibility criteria for entities for DPIIT recognition are described in GSR notification 127-E.

  1. An entity should be at most 10 years.
  2. It should not have an annual turnover of more than ₹100 crores.
  3. Origination should be innovative & scalable.
How much time does it take for Startup India registration?

It takes around 20-25 days to complete the whole process by DPIIT.

Can a proprietor register for startup India?

Per the GSR 127-E guidance & rules, proprietors are not eligible to opt for DPIIT startup India registration.

Which company registration is best for startups?

As per the rules, these are the following types of companies that can get benefits of startup India registration.

  1. Partnership Firm
  2. Pvt limited company
  3. One person company
  4. Limited liability Company
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