DPIIT/Startup Registration
Startup Registration/DPIIT registration is the recognition provided to startups by the DPIIT (Department of Promotion of Industry & Internal Trade). This recognition helps Startups avail the benefits of the Government’s Flagship Startup India Scheme. Introduced in January 2016, Startup India Scheme aims to create a robust ecosystem for nurturing startups and their innovative products. The goal is to achieve long-term objectives of employment generation and wealth creation.
Major benefits of the Scheme include tax exemptions for Startups, fast-track statutory clearances, easy funding and credit facilities. Recognized 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.
Eligibility Criteria’s
Not all newly established businesses are considered Startups. To be considered a Startup in India, businesses need to be recognized by the DPIIT and fulfil certain prescribed eligibility criterias. These criterias are related to the business structure, age of startup, business activities and turnover. Here’s a detailed list of Startup India eligibility criteria for recognition.
Private Limited Company, OPC, Partnership Firm & LLP as business structures:
All commercial establishments in Hyderabad, including all Private Limited Companies, must obtain the Shops and Establishment Registration under the State’s Shops and Establishment Act. The purpose of acquiring this registration is to enable the Government, specifically the State’s Labour Department to ensure that the working conditions and welfare of the employees in the registered establishments are all up to the mark.
Incorporation not more than 10 years ago from the date of application:
For startup Registration in India, your business must not be older than 10 years from the date of incorporation.
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.
Structure is not a result of splitting or reconstruction of an existing business:
The business must be a new and original entity and not formed by restructuring existing business entities. Business formed by demergers, mergers, and established subsidiaries cannot apply for Startup India Recognition.
Turnover has not exceeded Rs.100 crores in any financial year:
Business turnover since incorporation to the filing of Startup India Registration online application, must not exceed Rs.100 crores.
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.
Documents Required for 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.
Stages of Startup
- Ideation: The idea or concept of Startup has been formulated but no business has been established yet.
- Validation: The business has introduced a sample / minimum viable product for testing and validation in the market.
- Early Traction: The business has launched its products / services commercially and has started generating revenue.
- Scaling: The business is looking forward to upscale and expansion.
| Mandatory Documents | Additional Documents |
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(Based on Startup’s Stage)
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Benefits of Startup India Recognition in India
DPIIT Registration for Startups was introduced with the purpose of enabling recognized Startups to avail the benefits of Startup India Scheme. These benefits aim to reduce the overall financial and compliance burden on Startups during the initial stages. This helps them cope up with challenges they often face. Given below is a list of some of the most important Startup India Registration benefits provided only to recognized Startups.
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.
Rebates in IPR Registration
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 the receiving DPIIT recognition
How We Assist in Startup India Registration Online?
At EaseMyFinance, 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 application without any hindrance. With our services, you drastically increase your chances of getting Startup Recognition from the DPIIT quickly and affordably.