loader

Startup India Registration

The Startup India initiative, launched by the Government of India in 2016, is a flagship program designed to foster innovation, promote entrepreneurship, and drive sustainable economic growth by creating a supportive ecosystem for emerging businesses. It encourages young entrepreneurs to turn their ideas into viable businesses by providing them with critical support at every stage of development. Through this initiative, eligible startups gain access to a host of benefits, including income tax exemptions for three consecutive years, easier public procurement, simplified compliance under labor and environmental laws, fast-tracking of patent applications, and access to a dedicated Fund of Funds for Startups (FFS). The program also offers mentorship, incubation support, and networking opportunities, empowering startups to scale faster while navigating the Indian business landscape with greater ease and confidence.

When is Startup India Registration Needed ?

Registering under the Startup India scheme is beneficial for:

  • New Entrepreneurs: Individuals launching innovative products or services seeking governmental support.
  • Early-Stage Startups: Businesses in initial phases aiming to leverage tax benefits and funding opportunities.
  • Innovative Ventures: Companies focusing on unique solutions in sectors like technology, healthcare, agriculture, and more.

Scalable Enterprises: Businesses with potential for rapid growth and job creation.

Documents Required for Startup India Registration

To register under the Startup India scheme, the following documents are typically required:

  1. Incorporation/Registration Certificate:
    • Proof of the company’s legal existence, such as a Certificate of Incorporation.
  2. Director/Partner Details:
    • PAN Card
    • Aadhaar Card
    • Passport (if applicable)
  1. Brief Description of the Business:
    • A summary detailing the nature of the business, products/services offered, and the innovative aspect.
  2. Website or Pitch Deck:
    • A presentation or website link showcasing the business model, market analysis, and growth plans.
  3. Intellectual Property Details (if any):
    • Information on patents, trademarks, or other IP assets held by the company.
  4. Awards or Recognition (if any):
    • Documents evidencing any awards or recognition received by the startup.

Step-by-Step Process for Startup India Registration

Registering under the Startup India scheme involves the following steps:

  1. Incorporate Your Business:
    • Ensure your entity is registered as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership Firm.
  2. Create an Account on the Startup India Portal:
    • Visit the Startup India website and register with your email ID.
  3. Apply for DPIIT Recognition:
    • Log in to your account and fill out the application form for Department for Promotion of Industry and Internal Trade (DPIIT) recognition, providing necessary details and documents.
  4. Self-Certify Compliance:
    • Confirm adherence to specific conditions, such as being a new entity, innovativeness, and scalability.
  5. Obtain Recognition Number:
    • Upon successful application, receive a recognition number immediately. The certificate of recognition is typically issued within a few days after verification.
  6. Apply for Tax Benefits:
    • Post recognition, apply separately for tax exemptions under Section 80 IAC and Section 56 of the Income Tax Act.
  7. Access Additional Benefits:
    • Leverage other benefits like easier public procurement norms, self-certification under labor and environmental laws, and access to high-quality intellectual property services.

Why Choose VSB Consultants ?

Get Started Today!

Take the first step toward launching your business with confidence. Our experts will assist you in setting up your sole proprietorship hassle-free.

📞 Call us now on +91 9875991882 or fill out the inquiry form to get expert assistance from VSB Consultants Pvt Ltd!

Frequently Asked Questions (FAQs)

  • +1. What is the Startup India initiative ?
    The Startup India initiative is a government program launched to promote innovation and entrepreneurship by providing support, incentives, and an enabling environment for startups.
  • +2. Who is eligible for Startup India registration ?
    Entities registered as Private Limited Companies, Limited Liability Partnerships, or Partnership Firms, not older than ten years, with annual turnover not exceeding ₹100 crore, and working towards innovation, development, or improvement of products or services are eligible.
  • +3. What are the tax benefits under the Startup India scheme ?
    Eligible startups can avail income tax exemption for three consecutive years out of their first ten years since incorporation and exemption from capital gains tax.
  • +4. How long does it take to get DPIIT recognition ?
    Upon submitting the application with all required documents, a recognition number is issued immediately. The certificate of recognition is typically granted within a few days after verification.
  • +5. Is there a fee for Startup India registration ?
    The government does not charge any fee for Startup India registration. However, professional services for assistance may involve costs.
  • +6. Can foreign entities register under the Startup India scheme ?
    No, only entities incorporated or registered in India are eligible for the Startup India scheme.
  • +7. What is DPIIT recognition ?
    DPIIT recognition is granted by the Department for Promotion of Industry and Internal Trade, certifying an entity as a startup, making it eligible for various benefits under the Startup India initiative.
  • +8. Are there any sector-specific restrictions for startups under this scheme ?
    No, startups from all sectors can apply, provided they meet the eligibility criteria.