8 Steps Startup India Registration to Get Benefits

The Startup India program was launched in 2016 by the Government of India to support and promote entrepreneurship in the country. Its key benefit of being recognized as a startup under the program is that you can avail of benefits.

Eligibility:-

For startup recognition in India, certain eligibility criteria have been set up:

• A startup must be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
• Startup’s turnover must be less than INR 100 crores in any of the previous financial years.
• Startups must be working towards innovation/ improvement of existing products, services, and processes with the potential to generate employment/ create wealth.
• The startup must be less than 10 years old from the date of its incorporation.

Documents Required :-

The following documents are required to be submitted with your application:

• Company incorporation certificate or registration certificate of partnership firm or LLP.
• Proof of concept or prototype (if applicable).
• A website link or video of your product or service.
• Any other relevant documents.

Visit Startup India Portal to Fill Recognition Form

Process for Start India Registration

Step 1

Step 2

The form is divided into 7 different types of Information

1. Entity Details
2. Full Address (Office)
3. Authorized Representative Details
4. Director(s) / Partner(s) Details
5. Information Required
6. Startup Activities
7. Self Certification

The evaluation of your application will be done by a committee of experts. If your application is approved, you will be issued a certificate of startup recognition.

Benefits :-

The benefits of being recognized as a startup under the Startup India program include:

• Tax benefits for Startups under Section 80 IAC of the Income Tax Act, 1961.
• Recognized startups may avail benefits of government schemes and programs
• Credibility and visibility for your startup.

If you are a startup in India, I encourage you to apply for startup recognition. It is a great way to avail of tax benefits and other benefits that the government offers to startups.

Here are some additional tips for getting startup recognition in India:

• Make sure that your startup meets all of the eligibility criteria.
• Complete the application process carefully and submit all of the required documents.
• Be clear about your startup’s vision and goals.
• Highlight your startup’s innovative products or services.
• Explain how your startup has the potential to generate employment or create wealth.

Getting startup recognition is a great way to boost your startup’s growth and success. By following the tips above, you can increase your chances of being approved for startup recognition.

Here are some additional resources that you may find helpful:

• Startup India website
• Startup India Action Plan
• FAQs on Startup Recognition