As a part of the Startup India Scheme, your recognition by the Department for Promotion of Industry and Internal Trade (DPIIT) offers several benefits such as three years of tax holidays, alongside concessions for IP filing.
Startup India Registration is the recognition provided to startups by the DPIIT (Department of Promotion of Industry & Internal Trade). This recognition helps Startups avail the benefits of the Government’s Flagship Startup India Scheme. Introduced in January 2016, Startup India Scheme aims to create a robust ecosystem for nurturing startups and their innovative products. The goal is to achieve long-term objectives of employment generation and wealth creation. Major benefits of the Scheme include tax exemptions for Startups, fast-track statutory clearances, easy funding and credit facilities. Recognized Startups also receive rapid FDI approvals, and rebates on Intellectual Property Protection. Registration under the Startup India Scheme enables startups to avail all these benefits effortlessly. We realise the
Not all newly established businesses are considered Startups. To be considered a Startup in India, businesses need to be recognized by the DPIIT and fulfil certain prescribed eligibility criterias. These criterias are related to the business structure, age of startup, business activities and turnover. Here’s a detailed list of Startup India eligibility criteria for recognition.
An unregistered business entity cannot qualify as a startup under the Startup India Scheme. So, the first step towards Startup India Recognition is to incorporate your business with the concerned authority.
The next step is to register your business on the Startup India Portal. For this, you will have to submit the required details along with your contact details for OTP verification. Contact details include your registered mobile number and email address.
Fill in details like the current stage of your startup, directors / partners, the authorised representative, and so on. Also provide information about the business plan, funding, intellectual property and business activities.
Click on “DPIIT Recognition” on your portal, and a form will appear on the screen. Fill out and submit the form with the scanned copies of the prescribed documents.