Startup India registration fees - DPIIT registration & benefits

Updated on January 24, 2023 12:40:29 PM

In an effort to foster entrepreneurship, the Indian government has launched the ambitious Startup India programme. The program's objective is to encourage innovation, growth, and scalability among startups.

Businesses within their first ten years of incorporation are eligible for the program's tax incentives and government assistance. The government's objectives include fostering a prosperous industrial climate and inspiring a new generation to embrace the spirit of entrepreneurship.

In order to have access to DPIIT's tools and support, businesses must first register with the DPIIT for startups recognition.

The costs, advantages, and other details of registering a startup are briefly discussed in this article.

Startup India DPIIT Sample Report

Startup India sample page

What is a Startup?

The term "startup" is commonly used to describe a business in its initial phases. One or more entrepreneurs create a startup when they see a need for an existing product or service and set out to fill it.

These businesses typically begin with large expenses and low revenues, so they must seek funding from a wide array of sources, including venture capitalists.

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Eligibility criteria for startups as per DPIIT

The department for promotion of industry and trade (DPIIT) has determined the following criteria for businesses to be classified & recognised under startups india registration program.

1. Originality of the entity:- To qualify for DPIIT registration, the startups must have been founded as separate businesses; they cannot have been created by separating an existing business.

2. Kind 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.

  • Private limited Company
  • Limited liability Partnership
  • One person company
  • Partnership Firm

3. Annual Turnover of the company:- The company's yearly Turnover shall not exceed 100 crore rupees in any calendar year since its inception.

4. Existence period of the company:- The existence period of the business entities should not be more than 10 years from the day of its incorporation.

5. Innovation & the scalable entity:- Business success depends on two factors: the capacity to expand and the ability to think creatively. These are fundamental to any startup. Because entrepreneurs require a solid concept for DPIIT registration on the Startup India platform, DPIIT carefully considers each application before accepting it as part of the startup India programme.

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Process for Startup India registration under DPIIT

1. Incorporating a business:-

The applicant must examine their eligibility for Startup India registration before submitting an application. They must register their corporation according to the following business structure of the 2013 Companies Act.

  • Partnership Firm
  • Pvt Ltd company
  • One person Company
  • Limited liability partnership

Only companies registered under the categories listed above are eligible for startup India recognition.

2. Profile creation on the portal

A user must next build a profile on the startup India site by filling out an online form and providing the required information, such as an email address and one-time password (OTP), to confirm the identity.

After successfully creating a profile, the applicant is able to take advantage of the following.

  1. Pro-bono Services
  2. Website Challenges
  3. Goernment Schemes
  4. State Policies for Startup
  5. Learning and Development Program
  6. Incubator/mentorship programs for startups

3. DPIIT recognition for startups

Startups must apply for DPIIT approval after the profile has been created. applicants 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 for DPIIT recognition:

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
    • High potential for employment generation

    Other certificates, if available

    • G.S.T. registration
    • MSME registration
    • Trademark registration
    • Copyrights registration
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Startup India Registration Fees

The professional charge for getting DPIIT recognition under Startup India initiatives is 3,999 rupees only & the total time it would take in the process would be 20-25 business days.

Particulars Fees
Our Professional Charges ₹3,999
Time taken in the process 20-25 Days

Get Free Consultation

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Benefits of the Startup India initiative

  • Self-certification
  • Easy winding up process
  • Exemption 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: During public bidding and procurements through e tendering portals such as the GeM portal , DPIIT-registered businesses are immune from Earnest money deposition (EMD).

Benefits of startup india
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How to apply for 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.

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  • get registered icon

Step 1:
Get in touch via call or Contact with us

Step 2:
Provide all the required details & documents

Step 3:
Get approval by DPIIT within 20-25 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 process of registration for startup india is very simple. You just have to follow these simple steps to get your registration done with us.

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

Startups are encouraged by the government by providing them various benfetis through tax holidays & fewer compliances. However it is not mandatory for startups to get registered under 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 is described in GSR notification 127-E.

  1. Entity should not be older than 10 years
  2. It should not have annual turnover more than ₹100 crores.
  3. Origination should be innovate & scalable
How much time does it take in Startup India registration?

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

Can a proprietor register for startup India?

As per the GSR 127-E rules proprietor 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 company who can get benefits of start-up india registration.

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