Startup-India Registration
DPIIT Recognition For Startups
Recognition by DPIIT under Startup India Scheme confers several benefits and concessions in IP Filing. We draft documents & file the application with DPIIT (Govt of India) for recognition as Startup in India.
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What is the Startup India Scheme?
Introduced in January 2016, Startup India is a flagship scheme of the Indian government. It aims to create a robust ecosystem for nurturing startups and their innovative products. The target here is to achieve long-term objectives of employment and wealth creation. We help plan and prepare for Startup India Registration, draft documents, & file with the Department for Promotion of Industry & Internal Trade (DPIIT) under the Startup India Initiative. The scheme provides tax benefits and credit support to startups. It also ensures the fast tracking of various statutory clearances. These include labour laws clearances, environment laws clearances, FDI approvals, approvals for property acquisitions, obtaining industrial licences and much more. That is why the Startup India Scheme is a huge boon for startups, especially in the initial stages of their establishment.
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Our Service for Startup Recognition Contains
- Free Consultation
- Profile Creation at DPIIT
- Drafting of Documents
- Filing of Application With DPIIT
- Response Filing to Objections (if any)
- Startup India Recognition
Note: The basic DPIIT Recognition does not confer tax benefits U/s 80IAC of the Income Tax Act. After the basic startup recognition is obtained, you may avail our services for making appropriate applications for Tax Benefits U/s 80IAC.
Eligibility for DPIIT Registration
Before you apply for Startup Registration by DPIIT, you must fulfil certain minimum requirements prescribed under the Startup India Scheme. Fulfilling these requirements are extremely necessary to ascertain the eligibility of your business entity to be qualified as a Startup in India.
1. Private Limited Company, OPC, Partnership Firm & LLP as business structures
Only Private Limited Companies, One Person Companies, Partnership Firms, and Limited Liability Partnerships can be recognized as startups by the DPIIT. Businesses with other corporate structures cannot seek DPIIT recognition, and thus, cannot avail benefits under the Startup India Scheme.
2. Incorporation not more than 10 years ago from the date of application
Startup means a business that is newly established and has just begun its operations. So, for obtaining DPIIT recognition, you startup cannot be more than 10 years old, since the date of its incorporation.
3. Primary objective is financial growth, employment generation & wealth creation
To avail benefits as a Startup, your business must operate with the objectives of financial growth, employment generation, and wealth creation. This implies that non-profit businesses can, under no circumstances, be recognized as a Startup in India.
4. Structure is not a result of splitting or reconstruction of an existing business
A business entity is considered as a Startup only if it is newly established and not formed by reconstruction, or re-establishment of an existing business. The business should be operated with newly installed plant and machinery, and not with the transfer of such plant and machinery which has been previously installed / used in India.
5. Turnover has not exceeded Rs.100 crores in any financial year
The government has prescribed the threshold limit of Rs.100 crores as the overall turnover of a Startup in India. So, the moment the turnover of a business exceeds this threshold in any financial year since its establishment, it can no longer be considered as a Startup in India.
6. Business activities include dealing in innovative products, processes, or services
The idea behind the introduction of the Startup India Scheme was to encourage research and innovation in India. So, one of the most prominent criteria to be recognized as a Startup is that your business entity must mandatorily deal in a new product, service, or process, or the improved version of an existing one, which must be innovative in some or the other way.
Benefits under the Startup India Recognition
The provision for Startup India Recognition was introduced to enable eligible startups to avail several benefits under the Startup India Scheme. These benefits aim to reduce the overall financial and compliance burden on Startups during the initial stages of their operations and help them cope up with challenges they often face.
List of Documents Required for DPIIT Recognition
Documentation is key to any application-based process, including the process of DPIIT Recognition for Startups. We have listed all the documents required for Startup Registration in the table below. Make sure you have all these documents in their prescribed formats and with the up-to-date information before you begin the procedure for DPIIT Recognition of Startups
| Mandatory Basic Documents | Additional Documents |
|---|---|
| Required to be attached based on the stage of your startup
|
We recommend you send the soft copies of documents along with the filled questionnaire that our startup advisors will share with you. We will verify the information and legal documents sent to us. Please contact us for further clarifications.
STEP 1 – Incorporate your Startup
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. STEP 2 – Register on the Startup India Portal
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 a unique contact number and e-mail address of your startup. These will be verified by an OTP sent to the number and email. STEP 3 – Create your Complete Profile
Fill in details like the current stage of your startup, the details of directors / partners, the details of the authorised representative, business plan, details of funding, details of intellectual property and the proposed business activities. STEP 4 – Fill out the application for DPIIT Recognition
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. STEP 5 – Obtain DPIIT recognition Certificate
The DPIIT will examine the application thoroughly, and ultimately issue a Certificate of Recognition to your startup. The Certificate will contain Frequently Asked Questions About DPIIT
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What is DPIIT?
DPIIT is the short form of The Department of Industrial Policy, Promotion, and Internal Trade. It is responsible for issuing a Certificate of Recognition to the businesses registered as Startups in India.
What is a DIPP certificate?
Getting DPIIT recognition for your Startup is extremely quick, easy, and affordable with Setindiabiz. Simply subscribe to our all-inclusive package of DPIIT recognition to avail our services. For more information send your enquiry to our startup advisors and consultants. We will respond back to you in no time.
How do I get DPIIT Recognition for my startup?
DIPP Certificate is the Certificate a business receives after being recognized as a “Startup” by the DPIIT. Based on the DIPP Certificate your business can avail all benefits of the Startup India Scheme. It also contains a recognition number and the date of recognition as well.
Is DPIIT registration mandatory?
Yes, a DPIIT Registration is mandatory for businesses that are eligible to be recognized as Startups. Startups can avail the benefits under the Startup India Scheme only if it is recognized by the DPIIT.
What is a startup as per DPIIT?
A Startup is a newly established business entity not more than 10 years from the date of its incorporation. Its turnover must not have exceeded Rs.100 crores in any financial year since its inception. Moreover, a startup must deal in products / services / processes that are new and innovative. Its purpose must either be employment generation or wealth creation.
How can I Legalise my startup?
To legalise your startup, you must obtain recognition as a “Startup” by the DPIIT under the Startup India Scheme.
What are the stages of Startups in India?
There are 4 stages of a startup. These are
- Ideation stage, where merely the idea of the startup has been formulated
- Validation stage, where the startup is validating its idea by introducing minimum viable products in the market
- Early traction stage, where the startup is in its early stages of business operations and has just begun generation of revenues
- Scaling stage, where the startup is gradually expanding the scale of its business operations
Why should you choose us?
To save your application from any objection or rejection by the DPIIT, our experts verify and carefully fill out each and every detail in the application. These include details related to business activity, details of the partners / directors, funding, etc. Moreover, our package provides free consultation services to resolve all your doubts and queries. Our success record in obtaining DPIIT recognition for Startups is more than 98%.
