Startup-India Registration
DPIIT Recognition For StartupsAs a part of the Startup India Scheme, your recognition by the Department for Promotion of Industry and Internal Trade (DPIIT) offers several benefits, such as three years of tax holidays, alongside concessions for IP filing. Setindiabiz helps you to obtain the DPIIT Startup Recognition.
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Get Started With DPIIT Startup India Recognition.
Startup India Registration by the DPIIT provides several benefits to Startups. These include government seed funding, tax exemptions under Sections 80IAC and 56 of the Income Tax Act, trademark registration at a 50% rebate, and so on. We assist startups in availing themselves of all these benefits with ease.
DPIIT Registration for Startups was introduced to enable recognised Startups to avail themselves of the benefits of the Startup India Scheme. These benefits aim to reduce the overall financial and compliance burden on Startups during the initial stages. This recognition helps startups benefit from the government’s Flagship Startup India Scheme. Introduced in January 2016, the Startup India Scheme aims to create a robust ecosystem for nurturing startups and their innovative products.
Overview of DPIIT Startup India Recognition
| Professional Fee | ₹4499/- (Best Fee Guaranteed by Setindiabiz) | ||||||
| Timeline | 3-7 Days | ||||||
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| Stepwise Process | The DPIIT Registration process is digital and can be done by any eligible startup using the startup india portal. The process typically involves the creation of a startup profile and submitting an authorisation letter in favour of the authorised person and his KYC, along with the board resolution. | ||||||
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Startup India Registration Eligibility Criteria
Not all newly established businesses are considered Startups. To be considered a startup in India, businesses need to be recognised by the DPIIT and must fulfil certain prescribed eligibility criteria. These criteria relate to the business structure, age of the startup, business activities, and turnover. Here’s a detailed list of Startup India eligibility criteria for recognition.
Registered Eligible Business Entity
Only the following incorporated business entity is eligible for startup recognition, and to be precise, the following business types can apply for dpiit startup recognition.
New Business Entity (Less than ten years)
For startup registration in India, your business must be less than ten years old from the date of incorporation.
- Private Limited Company
- Limited Liability Partnership (LLP)
- Registered Partnership Firms
The primary objective is financial growth, employment generation & wealth creation
The primary objective of your business must be employment generation and wealth creation. This indicates that Non-profit entities cannot apply for Startup India Recognition..
Business activities include dealing in innovative products, processes, or services
Registration under the Startup India Scheme is only granted to startups having innovative products or services. A detailed product/service description must be provided in this context.
| The following are not eligible for Startup India Recognition. | |
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Stages of Startup
The startup can be at different stages based on its development and progression in India, which demote its growth. The initial stage is the idea stage, which is also known as the ideation stage. Here, the startup conceives a viable product or service and thereafter progresses to validation, early traction, and scaling. The process and the requirement for startup recognition differ based on the startup’s stage.
Ideation
At this stage, the entrepreneur has an idea or concept for a future product or service and is working on bringing it to file.
Validation
At this stage, a startup has a prototype ready and needs to validate the potential demand of the startup’s product/service.
Early Traction
After the launch of the product, when customer bases start increasing, then the stage of Early Traction has arrived.
Scaling
At this stage, startups try to add revenue at a faster rate while also increasing efficiency.
Documents Required for Startup India Registration
The table below contains a complete list of Startup India Registration Documents. These documents can be categorised into mandatory and additional documents. Additional documents are submitted on the basis of your Startup’s stage. Let’s understand the stages of Startups before we proceed to the documents required for Startup India Registration.
Mandatory Documents
- Certificate of Incorporation
- Business PAN
- Applicant’s Aadhar
- Letter of Applicant’s Authorisation
- An Active Mobile Number
- An Active Email Addres
Note?
- The authority letter authorising a person to apply for DPIIT recognition. It should carry the specimen signature of the Authorised person duly accepted by such authorised signatory.
- We recommend you send the soft copies of documents along with the filled out questionnaire we share with you. We will verify the information and legal documents sent to us. Please contact us for further clarification.
Additional Document Requirements Based on Startup Stage.
Based on the startup stage, additional documents are required to support the startup claim of eligibility. The requirements are very common and explain the business model, products or services of the startup. We can help you to make or redesign your website, prepare a pitch desk or help with video production.
| Startup Stage | Website | Pitch Deck/PPT | Video |
|---|---|---|---|
| Ideation | No | No | No |
| Validation | Yes | (Optional) | No |
| Early Traction | Yes | Yes | Yes |
| Scaling | Yes | Yes | Yes |
How To Get Startup India Recognition? - Stepwise Process
Wondering how to register for Startup India? We provide full assistance through the documentation and Startup India Registration Process. Our experts make sure your application is filed with the correct information, product description, and prescribed documents. We are here to help you get your Startup Recognition Certificate easily, affordably and in minimal time.
Step - 1
Incorporate your Startup
An unregistered business entity cannot qualify as a startup under the Startup India Scheme. So, the first step towards Startup India Recognition is to incorporate your business with the concerned authority.
Step - 2
Register on the Startup India Portal
The next step is to register your business on the Startup India Portal. For this, you will have to submit the required details along with your contact details for OTP verification. Contact details include your registered mobile number and email address.
Step - 3
Create your Complete Profile
Fill in details like the current stage of your startup, directors / partners, the authorised representative, and so on. Also provide information about the business plan, funding, intellectual property and business activities.
Step - 4
Fill out the application for DPIIT Recognition
Click on “DPIIT Recognition” on your portal, and a form will appear on the screen. Fill out and submit the form with the scanned copies of the prescribed documents.
Step - 5
Obtain DPIIT recognition Certificate
The DPIIT will examine the application thoroughly and ultimately issue a Certificate of Recognition to your startup. The Certificate will contain
Benefits of Startup India Recognition in India
Major benefits of the Scheme include tax exemptions for Startups, fast-track statutory clearances, easy funding and credit facilities. Recognised Startups also receive rapid FDI approvals and rebates on Intellectual Property Protection. Registration under the Startup India Scheme enables startups to avail all these benefits effortlessly. We realise the importance of these benefits for your Startup and provide full assistance in getting Startup Registration with ease.
Self-Certification
Quick, easy and 100% self-certified online compliances on the Startup India Portal to reduce the burden of compliances on Startups
Tax Exemptions
Income Tax Exemption for three financial years u/s 80 IAC for Startups. Also, capital gains tax exemptions for angel investors u/s 56.
IPR rebates
Affordable Intellectual Property protection for startups with 80% Rebate on Patent Filing and 50% rebate on Trademark Filing
Transparent operations & Easy Closure
Publicly accessible documents for incubators and fast-track winding up within 90 days under the Insolvency & Bankruptcy Code
Multiple Funding Facilities
Rs.10,000 crores worth of funds and loans under the Credit Guarantee Scheme. This secures funding shortage of financial resources.
Tax Holiday
No tax inspection to control the Startup's compliance with the requirements prescribed by tax laws. Tax Holiday for first 3 years after receiving DPIIT recognition
DPIIT Startup Recognition for FDI Company
The companies incorporated in India with foreign shareholding, also commonly known as Foreign Direct Investment(FDI) companies, are eligible for Startup India recognition, provided the total shareholding of foreign promoters is 49% or less. In other words, those FDI companies are eligible for startup recognition in which shareholding by Indian promoters is 51% or more. All the entities incorporated outside India, even with 100% shareholding of Indian promoters, are ineligible for start up recognition.
How We Assist in Startup India Registration Online?
At Setindiabiz, we provide end-to-end assistance in the Startup India Registration Process. We have an expert legal team to take care of your application and documentation. They ensure that all information provided is correct, updated, and verified. We also guide our clients through the eligibility conditions to ensure the approval of applications without any hindrance. With our services, you drastically increase your chances of getting Startup Recognition from the DPIIT quickly and affordably.
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