startup_india_registration

Overview
Document Requireds
Benefits
Procedure
Fees
Register with Docs
Faqs

What is Startup india dpiit recognition?

The Startup India DPIIT (Department for Promotion of Industry and Internal Trade) recognition refers to the acknowledgment and certification provided by the DPIIT to eligible startups in India under the Startup India initiative. This recognition aims to facilitate and support the growth of startups by offering various benefits and incentives.

Documents required for Startup india Registration

The documents required for Startup india Registration are given below:-

Authorization Letter
Companies PAN Card
Certificate of Incorporation
Director's Aadhar & PAN card
Passport-size photograph of the directors
Website or companies profile deck (if available)
Photo & video of products/services
Brief write-up on how the business is working towards

Innovation in the industry
High potential for wealth creation
Potential for employment generation

Other certificates, if required

GST registration
Trademark registration
Copyrights registration for IPR
MSME registration, if available

Benefits of Startup india Registration

01 Self-Certification:

Startups can self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online procedure, reducing regulatory burdens and compliance costs.

02Tax Exemption under 80-IAC:

Private Limited Companies and LLPs are exempted from paying income tax for three consecutive financial years under Section 80-IAC out of their first ten years since incorporation.

03Easy Winding of a Company:

Startups with simple debt structures or meeting specified income criteria can be wound up within 90 days of applying for insolvency as per the Insolvency and Bankruptcy Code, 2016.

04Fast-tracking of Startup Patent Applications:

Patent applications filed by startups will be fast-tracked for examination to realize their value sooner.

05Rebate on filing of Patent Application:

Startups receive an 80% rebate on patent filing costs, reducing the cost and time for acquiring a patent and encouraging further innovation.

06Easier Public Procurement Norms:

DPIIT-recognized startups can register on GeM as sellers, enabling them to sell products and services directly to government entities, providing access to a potential market.

07Exemption under Section 56:

Investments into eligible startups by Accredited Investors, Non-Residents, AIFs (Category I), and listed companies with specific net worth or turnover criteria are exempted under Section 56(2)(VIIB) of the Income Tax Act.

08Panel of Facilitators for IP Applications:

The Central Government bears the entire fees of facilitators for any number of patents, trademarks, or designs that a startup may file, with startups bearing only the statutory fees.

09Gem Portal Preference:

Recognized startups are given preference on the GeM portal, providing a boost to the startup ecosystem in India.

Additionally, DPIIT-recognized startups are exempted from submitting Earnest Money Deposit (EMD) or bid security while filing government tenders. Startups in the manufacturing sector are exempted from the criteria of "prior experience/turnover" in government tenders without compromising quality standards or technical parameters. The government provides various forms of support to encourage the growth and development of startups in the country.