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Udyam Registration Original price was: 6,000.00 ₹.Current price is: 4,900.00 ₹.
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Startup India Certificate

Benefits of Startup India Certificate

  1. Tax Exemption under Section 80-IAC:
    • Recognized startups can apply for a tax holiday for three consecutive years within their first ten years of operation, significantly reducing their tax burden.
  2. Angel Tax Exemption under Section 56:
    • Investments made in recognized startups are exempt from tax under Section 56(2)(viib) of the Income Tax Act, provided the startup’s paid-up share capital and share premium do not exceed INR 25 Crores.
  3. Self-Certification for Labour Laws:
    • Startups can self-assess compliance with six key labour laws for the first three years without inspections by public authorities, streamlining compliance processes.
  4. Access to Government Schemes:
    • Recognition opens doors to various government initiatives aimed at promoting innovation and entrepreneurship, including funding opportunities and grants.
  5. Networking Opportunities:
    • Startups can participate in various government-led initiatives, fairs, and exhibitions, enhancing their visibility and networking opportunities within the industry.
  6. Easier Exit Process:
    • The Startup India initiative provides a simplified exit process for startups, allowing them to close their businesses more efficiently if needed.

Original price was: 6,000.00 ₹.Current price is: 4,900.00 ₹.

Required Documents
  1. Incorporation Documents:
    • Certificate of Incorporation, Memorandum of Association (MoA), and Articles of Association (AoA).
  2. Proof of Business:
    • Registration certificates for Private Limited Company, Partnership Firm, or LLP.
  3. Tax Returns:
    • Income tax returns for the past financial year to validate the turnover criterion.
  4. Business Plan:
    • A detailed business plan outlining the startup's business model, product/service details, and market strategy.
  5. Unique Business Concept Validation:
    • Documentation or reports validating the innovation or uniqueness of the product/service offered.
  6. Self-Declaration:
    • A self-declaration form certifying compliance with the eligibility criteria.
Services

Applying for Startup India Certification under the Department for Promotion of Industry and Internal Trade [DPIIT].*

*We do not guarantee issuance of certificates

Description

The Startup India Certificate of Recognition is a vital part of the Startup India initiative launched by the Government of India in 2015, aimed at promoting entrepreneurship and innovation across the country. This initiative, spearheaded by the Ministry of Commerce and Industry, seeks to foster a conducive environment for startups by providing various benefits and support mechanisms.

Key Objectives:

  • To boost the Indian economy by encouraging entrepreneurship.
  • To support innovative startups with tax benefits and regulatory simplifications.
  • To facilitate access to funding and markets for startups.

Eligibility Criteria

To qualify for the Startup India Certificate, the entity must meet the following criteria:

  1. Business Structure:
    • The startup must be a Private Limited Company, Registered Partnership Firm, or a Limited Liability Partnership (LLP).
  2. Age of the Entity:
    • The company must be newly incorporated and cannot be older than 10 years from the date of registration.
  3. Annual Turnover:
    • The startup’s turnover must not exceed INR 100 Crores in any of the previous financial years.
  4. Innovative Concept:
    • The business must offer a unique solution, innovation, or improvement to existing products, services, or processes, contributing to economic growth and job creation.
  5. Non-Eligibility:
    • Sole Proprietorships and firms constituted by a notary partnership deed are ineligible. Additionally, companies that have previously exceeded the turnover or age limits specified are not eligible for recognition.

Recognition Process

The process to obtain the Startup India Certificate involves several steps:

  1. Application Submission:
    • Applicants must submit their application to the Department for Promotion of Industry and Internal Trade (DPIIT) along with the required documentation.
  2. Verification:
    • The DPIIT reviews the application to validate the business concept and its eligibility against the criteria.
  3. Issuance of Certificate:
    • Once verified, the DPIIT issues the Startup India Certificate of Recognition, confirming the startup’s eligibility for benefits under the scheme.