Startup India Registration: Eligibility, Documents, Process, Fees, Benefits

Startup India Registration is a newly initiated by the Indian government to build a robust ecosystem for startups. Its main objective is to support and encourage the youth to develop unique ideas for business. Start-up India comes under the DPIIT (Department of Promotion of Industry & Internal Trade). The goal is to strengthen the Indian economy by starting new companies and providing job opportunities to the people. You can contact Bizfoc to register your startup business quickly; we have professional team members who will guide you through the process.

Table of Content

What is Startup India Registration?

Startup India is a flagship scheme introduced by the Indian government on 16th January 2016. It is established to encourage unique ideas for innovation and startup in the country. Startup Registration's main objective is to boost the economy of the country by generating job opportunities and wealth. In India, almost 1 lakh 40 thousand startups are registered under the Department for Promotion of Industry and Internal Trade (DPIIT).

Eligibility of the Startup Registration

Before getting registered under the Startup India scheme, the applicant must know the following eligibilities:

  • The company should be registered as a Private Limited Company, LLP, or a partnership firm for the Startup India Registration Certificate or DPIIT Certificate of Recognition. Sole proprietorship firms and public limited companies are not eligible for registration under the scheme.
  • To get registration under startup, the company's annual turnover should not exceed Rs 100 crore for any financial year since its incorporation.
  • The company should not be older than 10 years from the date of its incorporation for Startup India registration.
  • The company should not be duplicated or the same as other entities. A startup company should be unique and different from other companies in India.
  • The startup should work towards developing or improving the process, service, or product and have the capabilities to create job opportunities and wealth for the people.

Documents Required for Startup Registration

To proceed with startup registration, you must arrange all these given below documents:

  • PAN Card of Company
  • Certificate of Incorporation
  • Signed Authorization Letter on the Letterhead
  • Mobile and Email of the Directors
  • PAN and Aadhar cards of all directors
  • In case your startup applied for any IPR
  • Entity's active website link
  • Details of any funding received
  • Company Logo
  • Award and Recognition by the entity, if any
  • Digital Signature Certificate (DSC)

Process of Startup India Certificate

Following is the step-by-step procedure for getting Startup India Registration Certificate:

Step 1: As a first step, incorporate your business as a Private Limited Company or Partnership or LLP.

Step 2: Visit the official website of Startup India and click on the 'Register' option. Fill out the name, email ID, and contact number and create a password.

Step 3: After providing all the information, enter the one-time password (OTP) sent to your email. Fill in all the additional details about the company. Click on the submit button to create a Startup India profile.

Step 4: After registering the Startup India profile, the next step is to apply for the DPIIT (Department for Promotion of Industry and Internal Trade) Recognition.

Step 5: Complete the registration process and get DPIIT recognition for the startup. Submit all the following documents:

  • Incorporation/Registration Certificate of your startup.
  • Proof of funding, if any.
  • Authorization letter of the company’s authorized representative, LLP, or partnership firm.
  • Proof of concept, such as a website link, a pitch deck, or a video (applicable for validation/early traction/scaling stage startups).
  • Patent and trademark details, if any.
  • List of awards or certificates of recognition, if any.
  • PAN (Permanent Account Number) Number.
  • System-generated recognition certificate available for download from the Startup India website.

Step 6: After getting the recognition, get the Tax exemption approval under Section 80 IAC of the Income Tax Act.

Step 7: Once the applicant completes the application form, receive the registration number.

Startup Registration Fees

Our professional consultant charges for Startup India Certificate are more affordable than other companies. They will charge only ₹ 4,999 for startup registration.

Particulars Fees
Professional Charges ₹ 4,999

Startup Registration Time Taken

For Startup Registration, get in touch with us. Our professionals will take a minimum time to complete your startup registration process. Bizfoc has qualified team members who will complete your Startup India registration within 4-5 days.

Benefits of Startup Registration

After registering your startup, you can enjoy the following benefits:

  • Easy access to funds: The Indian government provides funds of up to ₹ 10,000 crores through venture capital. Banks and financial institutions also offer venture capital as loans.
  • Tax Savings for Investors: Startups can avail tax benefits for 3 years, subject to certification by the Inter-Ministerial Board (IMB). Startups can self-certify compliance under 3 Environmental and 6 Labour Laws.
  • Easy Government Tender Application: Startups are exempt from prior experience or turnover criteria when applying for Government Tenders.
  • Rebate on Trademark & Patent Filing: Startups can get a 50% rebate on Trademark filing and an 80% rebate on Patent filing.
  • Easy Winding up: The process of closing a company is simplified for startups.
  • Use of Startup India Logo: After registration under Startup India, the company can display the Startup India logo.

Why Choose Bizfoc

Bizfoc is the preferred choice for entrepreneurs and startups seeking recognition and registration under the Startup India scheme. Our professional experts have in-depth knowledge of the regulatory landscape and simplify the complicated process of Startup India Registration.

Startup India registration is a great initiative by the Indian government, providing opportunities for unique and innovative ideas. Contact Bizfoc to register your startup with our professional team members.

Conclusion

Startup India registration is a great initiative by the Indian government which provides an opportunity to think unique and innovative. If you want to register under this scheme then you must get all the information about the startup India registration including its process, eligibility and documents. You can contact Bizfoc to register your startup with professional team members.

FAQs Related to Startup India Registration

DPIIT stands for Department for Promotion of Industry and Internal Trade.

Bizfoc is the leading Startup India Registration service provider in India. With the help of professional team members, they will register your startup under the Startup India scheme within 4-5 days.

A company should have a minimum of 1 registered office in India to register under Startup India. However, the Indian government is soon preparing to start registrations for stakeholders from around the world.

No, there is no government fee to register under Startup India. This is a free-of-cost registration process.

For Startup India Certificate, a person must be an Indian and aged 18 or above can apply for the scheme. The company should be original which means that the company should have their ideas and innovation and should not copy any existing business.

Your startup should aim to provide a solution to an existing problem. While innovation is encouraged, having a unique idea is not mandatory for registration.

A startup can take benefits with a time limit of 10 years from the date of incorporation or registration.

Yes, you can register an existing business as a startup by meeting all the eligibility criteria.

Yes, a startup needs to pay GST. However, GST is mandatory for those companies which have an annual turnover of Rs. 40 lakhs and above.

No, sole proprietorships are not eligible for recognition under Startup India. Only private limited companies, LLPs, and partnership firms are eligible.

Once you complete the application, you will get a system-generated recognition certificate. You can download this certificate from the Startup India website.

Your Startup India Registration password should contain 8 to 15 characters, out of which one must be a lowercase and uppercase letter, one numeric digit, and one special sign. The portal will accept only this type of password that contains all these requirements.

Yes, a startup can be registered on the official website of Startup India without a PAN card.

No, you can complete the Startup India registration entirely online. All documents need to be submitted online, so there is no requirement to be physically present. You need to send the scanned copies of all the required documents & forms.

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