Formerly known as DIPP registration, this scheme brings out that startups can leverage by registering their business as a DPIIT recognised startup. This scheme is envisioned at transforming India into a job-provider rather than a job seeker. Only an entity which is registered as a Private Limited Company or a Limited Liability Partnership (LLP) or a Registered Partnership Firm can opt for startup India Registration. All businesses opting to apply must be innovative, bringing an improvement in existing products or services, and capable of generating wealth and employment. These criteria are mandatory for DPIIT registration. If your PLC or LLP fulfills all these criteria, apply for Startup India Registration online today!
Advantages of Startup India Registration:
- Tax Exemption
- Angel Tax Exemption
- Self Certification
- Rebate in TM & Patent Application
- Government Tenders
- Interaction platform for Startups
- Fund of Funds for Startups
- Faster Exit
We at Wise Tax Filings make it easy and inexpensive to obtain you Startup India recognition. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for Startup India Initiative:
COI
Certificate of Incorporation from MCA/Registration Certificate from ROF.
PAN Card
PAN Card of an entity
Constitutional documents
MOA & AOA in case of company and Partnership deed in case of LLP or Partnership Firm
List of Directors, DP’s and Members
List of Directors or Designated partners or members along with their photographs and contact details
Social link
URL of website & Mobile App of an entity (if any) and Social Profile’s (LinkedIn and/or twitter) of Directors, DP’s and members.
Fund related
If the entity has received any funds then the details related to the amount of investment and investor.
IPR Registration
If the entity has applied or registered any IPR then the Information related to such application or registration.
Awards/Certificate
Information relating to any Awards/Certificate/ Recognition received by the entity.
Annual Statements/ITR
To claim deduction under section 80-IAC, Form-1 needs to be filed along with Annual Accounts of the Startup for last three financial years (if applicable) and Copies of Income Tax Return for last three financial years (if applicable).
Eligibility for Startup India Registration:
Your business entity should be registered as either one of these:
– Private Limited Company;
Entity Formation
– Limited Liability Partnership; or
– Registered Partnership Firm
The turnover for your entity cannot exceed Rs. 100 crores in any previous years.
Turnover
Your entity must be newly formed. It must not exist for a period of more than 10 years.
Existence
Startup India Recognition Certificate is only given to those entities that are working towards an innovation or an improvement to an existing product or service. This innovation/improvement should also be capable of generating wealth and income.
Innovation
Startup India registration in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information.
3. Your startup is recognised.
It only takes 8-10 working days!
Day 1
- Creation of Login Credentials for the entity
Day 2 – 4
- Review and verification of documents & information provided
- Drafting of application with required information
Day 5 – 7
- Filing of an online application using the credentials
Day 8 – 9
- Government processing time
Frequently Asked Questions:
What is a StartUp India Recognition?
StartUp Recognition is based on Government Scheme providing special benefits to Start Up entities subject to specific conditions as laid down in the rules.
Who is eligible to apply for Startup India Registration?
Only Private Limited Company, Limited Liability Partnership and Registered Partnership Firm are eligible to apply for a StartUp Recognition certificate.
Can any Private Limited Company, Limited Liability Partnership and Registered Partnership Firm apply for Startup Registration?
An entity working for innovation, deployment or commercialization of new products, process or services driven by technology or intellectual property is eligible to apply. A new product/service/process, or a significantly improved existing product/service/process, that can create or add value to customers or a workflow can also file an application to register itself under this scheme.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com