Startup India Registration Services

What is the Startup India Certificate?

The Startup India certificate is a government-issued recognition that provides startups with exclusive benefits such as tax exemptions, easier compliance, funding support, and access to government schemes. It is a vital tool for startups aiming to scale quickly and efficiently in India’s competitive business landscape.

Why Choose KMG CO LLP for Startup India Registration services?

At KMG CO LLP, we offer comprehensive support to make the registration process seamless:

• Expert Guidance: Our experienced team understands the eligibility criteria and documentation requirements, ensuring your application is accurate and complete.
• Hassle-Free Process: From documentation to submission, we handle it all, saving you time and effort.
• Quick Turnaround: We expedite the registration process, so you can focus on growing your business.

Benefits of a Startup India Certificate

1. Tax Exemptions: Enjoy exemptions on income tax for three consecutive financial years.
2. Funding Opportunities: Gain access to various funding programs and venture capital resources.
3. Government Support: Avail benefits from government procurement policies and public sector projects.
4. Simplified Compliance: Experience ease in regulatory compliance, making operations smoother.
5. Enhanced Credibility: Showcase your official recognition as a startup, building trust with investors and customers.

Eligibility for Startup India Registration services

To qualify for the Startup India certificate, your business must:

• Be registered as a private limited company, LLP, or a partnership firm.
• Have been in operation for less than 10 years.
• Not exceed a turnover of INR 100 crores in any financial year.
• Be focused on innovation, development, or improvement of products, services, or processes.

How to Get Your Startup India Certificate with KMG CO LLP?

1. Consultation: Connect with our experts to assess your eligibility.
2. Documentation: Submit the required documents, such as incorporation details, business model, and financial statements.
3. Application Filing: We prepare and file your application with DPIIT (Department for Promotion of Industry and Internal Trade).
4. Certificate Issuance: Receive your official Startup India certificate and enjoy its numerous benefits.

Why Recognition Matters for Startups

Being recognized under the Startup India scheme positions your business for long-term growth. It opens doors to funding, partnerships, and mentorship programs while fostering innovation in your industry.

Contact Us Today

Don’t let the complexities of the registration process hold you back. Partner with KMG CO LLP, the trusted experts in Startup India registration services. Secure your Startup India certificate and unlock growth opportunities for your business.

Startup India, a governmental initiative in India, aims to cultivate a robust ecosystem conducive to fostering innovation and nurturing startups within the nation. Its primary objective is to fuel sustainable economic expansion and create extensive job prospects. Through this program, the government endeavors to empower startups by fostering innovation and emphasizing design principles to facilitate their growth.

Below are the outlined objectives of the Startup India Movement. The action plan aims to provide support to startups and beyond.

– Facilitation of Intellectual Property Rights (IPR), including streamlining the patent filing process.

– Improved infrastructure, including the establishment of incubation centers.

– Improved regulatory environment, including tax incentives, simplified compliance procedures, easier company formation, faster mechanisms, and more.

– Provision of an extensive networking database for entrepreneurs and other stakeholders within the startup ecosystem.

– Objective to enhance funding opportunities.

Eligibility Criteria

To qualify for the DPIIT Certificate of Recognition, a startup must meet the following eligibility criteria:

– Type of Entity: The certificate is available for Private Limited Companies, Limited Liability Partnerships (LLPs), or Registered Partnership Firms.

– Period of Existence: The company’s operations should not exceed 10 years from its date of formation.

– Annual Turnover: The firm must have achieved an annual turnover of at least Rs. 100 crore for any fiscal year since its inception.

– Originality: The company must not have been formed by splitting up or recreating an existing entity.

– Innovation & Scalability: The entity should be focused on developing or enhancing a product, process, or service. It should possess a scalable business model with the potential to generate significant wealth and employment opportunities.

Procedure to Obtain DPIIT Certificate:

To acquire the DPIIT certificate of recognition, the entity should follow the simple steps outlined below:

Business Incorporation:

The entity must initially incorporate the business as either a Private Limited Company, a Partnership firm, or a Limited Liability Partnership (LLP).

Registering Business with the Startup India Scheme:

To obtain the DPIIT certificate of recognition, the business must be registered with the Startup India Scheme.

Apply for Startup Recognition:

To apply for the DPIIT Certificate of Recognition for Startups, the applicant unit must access the Startup India Recognition portal and register with Startup India. 

Provide the following details in the Startup Recognition application:

– Entity Details: Nature of Entity, Industry, Sector, Categories, Company Incorporation Number, and Registration Date.

– Full Address of the Entity.

– Details of the Authorized Representative.

– Details of Directors or Partners.

– Details of Intellectual Property Rights.

– Details of Funding.

– Recognition received by the entity.

Obtain the Startup Recognition Number:

The DPIIT Certificate of Recognition for Startups will be issued after reviewing the application and submitted documents. Once the ministry approves the application and assigns the unique startup recognition number, the startup becomes eligible for registration with tax benefits.

Benefits for DPIIT Recognized Startups:

After obtaining the DPIIT Certificate of Recognition for Startups, startups can avail the following benefits:

Self-Certification:

Upon obtaining the DPIIT Certificate of Recognition for Startups, the entity will have the privilege to self-certify compliance under 3 Environmental Laws and 6 Labour Laws.

Startup Patent Application:

DPIIT-recognized startups are entitled to pay only 80% of the fees for Patents, trademarks, copyrights, and designs. Additionally, fast-tracking of patent applications will be accessible for startups.

Easier Public Procurement Norms:

– DPIIT-recognized startups will have the opportunity to list their products on the Government e-Marketplace.

– DPIIT-recognized startups are exempted from submitting Earnest Money Deposit.

– Exemption from Prior Experience/Turnover requirements is provided for startups in all Central Government ministries and departments.

Easy Winding up of Company:

In accordance with the Insolvency and Bankruptcy Code, 2016, the company can be wound up within 90 days of applying for insolvency.

Funds of Funds:

Startups will be eligible for Rs. 10,000 crore funds of funds from Alternative Investment Funds.

Credit Guarantee Fund:

Startups can avail Rs. 2,000 crore Credit Guarantee fund through the National Credit Guarantee Trust Company or SIDBI over 4 years.

Tax Exemptions:

– After obtaining the Certificate of Recognition, the startup can apply for Tax exemption under section 80 IAC of the Income Tax Act.

– DPIIT-recognized startups can apply for Angel Tax Exemption.

– Upon obtaining clearance for Tax exemption, DPIIT-recognized startups are exempted from income tax for 3 consecutive fiscal years out of their first ten years since formation.