ELIGIBILITY (Is your Company a Startup?)

1. Company’s age must not be more than 10 years old
2. Incorporated as Private Limited/LLP/Partnership Firm
3. Annual Turnover not exceeding Rs. 100 Crore
4. Business model of Company must be innovative & Scalable.

BENEFITS (Why Register?)

1. Recognition as a Startup by Government of India.

2. Eligible for obtaining Tax Exemption Certificate under 80IAC

3. Exempted from submitting Earnest Money Deposit (EMD) or bid security while filing government Tenders.

4. Eligible for Exemption under Section 56 of Income Tax Act.

5. No inspection for 5 years under labour law unless a complaint is made in writing.

6. Benefits in Patent Application by Startup.

7. Easy Winding Up under Insolvency and Bankruptcy Code.

Time for Process of Registration

10-15 days

Process of Registration

1. Incorporate your business as Private Limited/LLP or Registered Partnership Firm.

2. Register with Startup India

3. Upload Documents (Incorporation Certificate/ MOA/ Authorization Letter) in pdf format.

4. Describe your business in what way it is a startup and how it is solving the problem of the Indian economy or generating employment.

5. Self-Certification

6. Get your recognition number after authority approval.

7. If Tax Exemption under 80IAC is required, prepare a pitch desk and video link regarding your business model and submit a separate application after DPIIT startup Registration.