Startup India Registration
Rs.3,990.00
Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).
Benefits
Tax exemption for a period of 3 consecutive years
Exemption from Angel Tax
Startups shall be allowed to be self-certify compliance for 6 Labor Laws and 3 Environmental Laws through a simple online procedure.
- In the case of labor laws, no inspections will be conducted for a period of 5 years.
Startups may be inspected only on receipt of credible
and verifiable complaint of violation, filed in writing and approved by at least one level senior to the inspecting officer - In the case of environment laws, startups which fall under the ‘white category’
[as defined by the Central Pollution Control Board (CPCB)] would be able to self-certify compliance
nd only random checks would be carried out in such cases
Eligibility Criteria for Startup Recognition:
The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
Turnover should be less than INR 100 Crores in any of the previous financial years.
An entity shall be considered as a startup up to 10 years from the date of its incorporation.
The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.
The entity should not have been formed by splitting up or reconstruction of an existing business.
Documents
Brief write up about the Company’s business model
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