Startup India Registration
Indian government under the administration of ministry of commerce and industry had initiated start up India in the year 2015
Startup India registration benefits
- Funding opportunities and other applicable funding schemes available for the startups
- Easy and flexible winding or setup up of the company
- Self assessment for labor law compliance
- Exemption from angel tax
- Exemption from trademark, IPR or patent
- Exemption from paying tax
Startup India certificate of recognition
Indian government under the administration of ministry of commerce and industry had initiated start up India in the year 2015. This initiative was taken to encourage entrepreneurship and to uplift and grow the Indian start-up.
Non-eligible candidates for startup India recognition are-
- Sole proprietorship
- When annual turnover exceeds INR 100 crores
- When company has aged more than 10 years
- Firm registered by notary partnership deed
- Mutual agency in a relationship
Eligibility criteria for startup India certificate
- Registered partnership firm or private limited company or limited liability partnership
- The company should be newly incorporated and not set up by splitting or reconstructing an existing business
- The annual turnover of the company should be less than INR 100 crores on any registered financial year
- Up to 10 years of tenure of the company it should stated under start up
- The startup should have potential to create employment and financial status along with a unique concept of innovation and improving the current status of the particular product
Documents required for startup India certificate are as follows-
Documents required
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Incorporation of the business certificate/registered partnership deed
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A brief summary about your business idea
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Details of the core team of your business
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Other related information for instance any funding approved, number of employees including founders and their respective duties, any IPR if applied
3 layers of startup India certificate recognition are as follows
Once the whole process of startup India registration is completed legally, the firm will receive an acknowledgment receipt number to track the status of the certificate. Once the registration is processed successfully we can easily download it from the site
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Frequently Asked Question
At least 2 to 3 years is taken for a business to a successful startup
Any individual can become a partner, even a company or an LLP, can become a partner too but only an individual can become a ‘designated partner’.
Companies looking for venture capital funding register for the LLPs
Financial services, transport and support services , technology , health and education services are the top earning Startups in India
After completion of 10 years after the registration
Yes