Talk To Expert

Startup India
Scheme

Startup India campaign is a welcome initiative to promote entrepreneurship in India. It promotes bank financing, simplifies the incorporation process and provides discounts to startups. But, you need to qualify as a “qualified startup” to take advantage of all these benefits.

100000+

Happy Customers

1000+

CA & Lawyers

50+

All Offices

Schedule Free Consultation

See How It Works

  • Rated at 4.9 By 50000 + Customers Globally
OVERVIEW
BENEFITS
DOCUMENTS REQUIRED
PROCESS
FAQ'S

Overview

GOI

Initiative of the Government of India

Objective

To encourage the development and innovation of products and services

Aim

To create employment opportunities across the country

Overview

PAN and Aadhaar Card

Both PAN and Aadhaar Card of all Indian Shareholders and Directors

Identity Proof

Either Voter ID, Passport, or Driving License of the Shareholders and Directors.

Proof of Address

Copy of the latest Telephone Bill, Electricity Bill, or Bank Account Statement of the Shareholders and Directors

Photographs

Latest passport size photographs of all the Shareholders and Directors

Business Address Proof

Either of the latest Utility Bill (Electricity, Telephone, Gas, Water) or Property Tax Bill of the registered office address. Rent agreement and NOC from the owner in case of rented property

Proof of Address

Copy of the latest Telephone Bill, Electricity Bill, or Bank Account Statement of the Shareholders and Directors

Benefits of Startup India Scheme

Income Tax Benefits

Startups are now given income tax exemption for a period of three years from the date of incorporation, provided they are certified by the Inter-Ministerial Board of Certification. Further, on recognition from DPIIT (Department of Promotion of Industry and Internal Trade), and if the aggregate amount of the paid-up share capital and share premium, if any, of the startup after the proposed issuance of shares does not exceed INR 25 crore, the startup will also be exempted from capital gains tax under section 56 of the Income Tax Act, 1961-2014.

Public Procurement Benefits

Once your startup is certified by the Inter-Ministerial Board of Certification and a DIPP (Department of Industrial Policy and Promotion) number has been issued to you, you can get listed as a seller on the Government of India’s e-procurement portal – Government e-Marketplace – and have the inside track on all Government of India Ministries/Departments/Public Sector undertakings subject to your ability to meet quality and technical requirements. Certified startups will also be entitled to exemptions on the earnest money deposit in your bid as well as in terms of the requirements regarding prior turnover and experience.

Financial Benefits

Startups are exempted from Intellectual Property Rights (IPR) costs of 80% on patents and 50% on trademarks and are actively assisted by government-provided facilitators who help protect and commercialize IPRs. Huh. Scrutiny and disposal of IPR applications is also faster. The government will also pay the fees of the facilitators.

Registration Benefits

Startup registration in India is still extremely complex, with incorporation and registration being considered more difficult than the actual conduct of the business due to the complexity of the requirements. Under this scheme, Startup India Hub, a portal for networking opportunities and support for startups, has been created with a problem-solving window being provided by the government under the scheme.

Regulatory Benefits

Under the Startup India scheme, startups are allowed to self-certify compliance with six labor laws and three environmental laws through a simple online process. For labor laws, no inspection shall be conducted for a period of 5 years, unless a credible and verifiable complaint of violation is filed in writing, and approved by an officer not less than the Inspecting Officer be one level senior. In the case of environmental laws, startups that fall under the 'white category' (as defined by the Central Pollution Control Board) will be able to self-certify compliance, and only random checks will be conducted in such cases.

Faster Exit Benefits

The government has introduced provisions to ease winding up operations by appointing an insolvency professional to expedite the closure of operations and facilitate the sale of goods as well as paying creditors, recognizing limited liability . Startups having a simple debt structure or fulfilling the criteria mentioned under this scheme will be able to achieve full exit within 90 days.

Read More About Startup India

Documents Required

COI

PAN Card

Constitutional documents

List of Directors, DP's and Members

Social link

Fund related

IPR Registration

Annual Statements/ITR

Process

Quickest Way to Register a Company

  • Creation of Login Credentials for the entity
  • Review and verification of documents & information provided
  • Drafting of application with required information
  • Filing of an online application using the credentials
  • Government processing time
 
 

Incorporation Timeline

Online Company Registration in Three Easy Steps!

  • Spare less than 10 minutes to fill in our questionnaires
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways
  • Assigned Relationship Manager
  • Procurement of Digital Signatures (DSC)
  • Application for Name Reservation
  • Documents drafting including MOA and AOA
  • Certificate of Incorporation
  • All it takes is 15-18 working days*
  • Let’s keep your business compliant and protected. Time to get on a free assessment call

Our Clients

Untitled-design-14 (1)
Untitled-design-15
Untitled-design-16
Untitled-design-18
Untitled-design-19
Untitled-design-20
Untitled-design-8
Untitled-design-9
Untitled-design-12

Have Questions? Find Answers Here

StartUp Recognition is based on Government Scheme providing special benefits to Start Up entities subject to specific conditions as laid down in the rules.

Only Private Limited Company, Limited Liability Partnership and Registered Partnership Firm are eligible to apply for a StartUp Recognition certificate.

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.

After registration you can connect to other Startups, investors or incubators on the Startup India portal under the Tab – ECOSYSTEM or you can connect by login into your account.

For the period of 10 years from the date of incorporation or up to the turnover increases the limit of Rs. 100 crore in any financial year.

More Questions? Seek Help of an Expert

+91 9008476666
info@filingsfirst.com
Startup
TAX
Quick Links
Instagram Facebook Linkedin