DPIIT – Startup India Recognition
Introduced in January 2016, Startup India is a flagship scheme of the Indian government. It aims to create a robust ecosystem for nurturing startups and their innovative products. The target here is to achieve long-term objectives of employment and wealth creation. We help plan and prepare for Startup India Registration, draft documents, & file with the Department for Promotion of Industry & Internal Trade (DPIIT) under the Startup India Initiative. The scheme provides tax benefits and credit support to startups. It also ensures the fast tracking of various statutory clearances. These include labour laws clearances, environment laws clearances, FDI approvals, approvals for property acquisitions, obtaining industrial licences and much more. That is why the Startup India Scheme is a huge boon for startups, especially in the initial stages of their establishment.
Our Service for Startup Recognition Contains
- Free Consultation
- Profile Creation at DPIIT
- Drafting of Documents
- Filing of Application With DPIIT
- Response Filing to Objections (if any)
- Startup India Recognition
Eligibility for DPIIT Registration
Before you apply for Startup Registration by DPIIT, you must fulfil certain minimum requirements prescribed under the Startup India Scheme. Fulfilling these requirements are extremely necessary to ascertain the eligibility of your business entity to be qualified as a Startup in India.
- Private Limited Company, OPC, Partnership Firm & LLP as business structures
- Incorporation not more than 10 years ago from the date of application
- Primary objective is financial growth, employment generation & wealth creation
- Structure is not a result of splitting or reconstruction of an existing business
- Turnover has not exceeded Rs.100 crores in any financial year
- Business activities include dealing in innovative products, processes, or services
Benefits under the Startup India Recognition
The provision for Startup India Recognition was introduced to enable eligible startups to avail several benefits under the Startup India Scheme. These benefits aim to reduce the overall financial and compliance burden on Startups during the initial stages of their operations and help them cope up with challenges they often face.
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 & capital gains tax exemptions for angel investors u/s 56 of the Income Tax Act,1961
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 secured by the government to prevent shortage of financial resources
Tax Holiday
No tax inspection to control the Startup’s compliance with the requirements prescribed by tax laws for first 3 years after the receiving DPIIT recognition
List of Documents Required for DPIIT Recognition
Documentation is key to any application-based process, including the process of DPIIT Recognition for Startups. We have listed all the documents required for Startup Registration in the table below. Make sure you have all these documents in their prescribed formats and with the up-to-date information before you begin the procedure for DPIIT Recognition of Startups
Mandatory Basic Documents | Additional Documents |
1. Incorporation/Registration Certificate of the Business 2. Letter of Authorization 3. PAN of the Business 4. Aadhar of the Authorised Representatives | Required to be attached based on the stage of your startup 1. Ideation Stage: No additional documents needed 2. Validation Stage: Proof of Concept in form or Pitch Deck / Website link 3. Early Traction Stage: Pitch Deck / Video Presentation and Website link of the startup mandatory 4. Scaling Stage: Pitch Deck / Video Presentation and Website link of the startup mandatory |
We recommend you send the soft copies of documents along with the filled questionnaire that our startup advisors will share with you. We will verify the information and legal documents sent to us. Please contact us for further clarifications.
Process of DPIIT Startup Registration
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 a unique contact number and e-mail address of your startup. These will be verified by an OTP sent to the number and email.
STEP 3 – Create your Complete Profile
Fill in details like the current stage of your startup, the details of directors / partners, the details of the authorised representative, business plan, details of funding, details of intellectual property and the proposed 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