Every Startup Company with innovation & unique business ideas can apply for the Startup India Certificate issued by DPIIT.
Strat-Up India Registration
Outline
What do you need to start a business in India? Only three simple things: Know your product better than anyone, know your customer, and have a burning desire to succeed.
These elements would boost initiating a startup, but its journey would not be less than a roller coaster ride. But round the clock, the hassle of an entrepreneur on one side and constructive backing from the Government would work as a ladder of success for any Startup.
Every Startup Company with innovation & unique business ideas can apply for the Startup India Certificate issued by DPIIT.
Startups will enjoy several privileges offered under Startup India Scheme. Startup India Scheme is implemented through the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India.
On meeting the above eligibility criteria, a start-up can avail of numerous benefits.
A business will be recognized as a ‘Start-up’ under this scheme only after obtaining a Certificate of Registration from Start-up India Hub.
Process of Registration Under Startup India
Register the business as a Private Limited Company / Limited Liability Partnership / Partnership Firm.
Make a brief writeup on the following:
What is the problem the startup is solving?
How does the startup propose to solve this problem?
What is the uniqueness of the solution by the startup?
How does the startup generate revenue?
Details of any awards/recognition received by the startup.
Then submit the form with startup India along with Certificate of Incorporation and other additional documents, as required.
All the communication for approval/rejection/modification will be communicated on email by the startup India team within a week.
Sr.No. | Particulars | Details |
| 1 | Self-certification | Objective To reduce the regulatory burden on Startups, thereby allowing them to focus on their core business and keep compliance costs low. Benefits Startups shall be allowed to be self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online procedure. |
| 2 | Startup Patent application & IPR Application | Objective The objective is to reduce the cost and time taken for a startup to acquire a patent, making it financially viable for them to protect their innovations and encouraging them to innovate further. Benefits
|
| 3 | Tax exemption | Benefits Eligible startups can be exempted from paying income tax for 3 consecutive financial years out of their first ten years since incorporation.
Registration Documents
Note – Only Private Limited Companies or Limited Liability Partnerships are eligible for tax exemption under Section 80IAC The startup should have been incorporated after 1st April, 2016 |
| 4 | Section 56 Benefits | Benefits
Eligibility –
|
| 5 | Easy winding up of company | Objective To make it easier for Startups to shut down or wind-up operations, with the objective of allowing entrepreneurs to reallocate capital and resources to more productive avenues faster. Benefits |
| 6 | Easier public procurement norms | Objective The objective is to make it easier for startups to participate in the public procurement process and allow them to access another potential market for their products. Benefits
|
| 7 | Connect Networks | Search and find various startups and connect with them. Get Mentorship, connect with investors and industries |
| 8 | Other benefits | The startup is also associated with many businesses that provide some extent of benefits to the recognized startups. Some of the benefits are cloud services – Amazon Web Services, Digital Ocean, Caller Desk, etc. Management Software Services – Zoho, Fresh Works, Stack by, Legal, financial, and other business services. |
Validity Of Startup India Certificate
An entity shall cease to be a Startup on completion of ten (10) years from the date of its incorporation/ registration OR If its turnover for any previous year exceeds one hundred (100) crore rupees. (Whichever is earlier.)
Conclusion
To avail all the Startup India Registration Benefits by getting DPIIT Recognition, it is best to apply for this Opportunity with the help of experienced professionals.
Udyog Buddy (a DPIIT Recognized Startup) will help you with filing Your Startup India Application without any “Hassles or Hiccups”, So you can focus on running your business.
You can share your details with us and our team of experts will get in touch with you.
Why Choose Udyog Buddy ?
Udyog Buddy is a team of experienced professionals, our end-to-end service model, combined with personalized support, makes the incorporation journey straightforward and stress-free. Additionally, our commitment to cost-effective solutions and time efficiency allows businesses to focus on growth and operations without unnecessary delays or financial strain. Choosing Udyog Buddy means partnering with a trusted expert dedicated to helping your business succeed from the very start.
Connect with us for any queries
Call/WhatsApp +919301789019 or E-mail at [email protected]
What Other Services We Offer
We provide the best service by delivering exceptional quality, exceeding expectations, and prioritizing customer satisfaction.
Private Limited Company
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