Startup Registration
The Startup India Scheme, launched in 2016, is a government initiative to foster innovation and build a robust startup ecosystem. Managed by the Department for Promotion of Industry and Internal Trade (DPIIT), it provides recognition and benefits to accelerate growth.
Benefits of Startup Registration (DPIIT Recognition):
- Tax Exemption: Income tax exemption for three consecutive years out of the first ten years.
- Self-Certification: Allowed to self-certify compliance with nine labor and environmental laws for the first three years.
- Preference in Government Tenders: Given preference in government procurement and often exempted from prior experience requirements.
- Access to Funding: The government has set up a Fund of Funds to provide capital to startups.
Eligibility Checklist:
- The business must be less than ten years old.
- It must be a Private Limited Company, LLP, or registered Partnership Firm.
- Annual turnover must not have exceeded ₹100 crores.
- It must be a new entity, not formed by restructuring an existing business.
- The business must be working towards innovation with a scalable model.
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Do You Have Any Questions?
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Is Startup India Registration a separate business structure?
No. It is a recognition (certificate) from the DPIIT for an existing business (Private Ltd, LLP, or OPC). You must incorporate your business first.
What are the main benefits?
Key benefits include a 3-year income tax holiday, self-certification for certain laws, easier access to government funds, and preference in public tenders.
Is my business eligible?
Your business must be less than 10 years old, have an annual turnover not exceeding ₹100 crore, and be working towards innovation or improvement of existing products/services.
Is there a government fee for this registration?
No, the Startup India (DPIIT) recognition is completely free of government fees. We charge for our professional services in preparing and filing the application.