Startup registration in India is a free government process that allows businesses to access benefits and support. The Startup India scheme is an initiative by the Government of India aimed at fostering entrepreneurship and promoting startups across the country. Launched in January 2016, the scheme offers a range of benefits and support to eligible startups
DPIIT Registration for Startups
- Under the Startup India scheme, eligible companies can be recognised as Startups by the Department for Promotion of Industry and Internal Trade (DPIIT),
- which is part of the Ministry of Commerce and Industry, Government of India. When a startup obtains DPIIT recognition, it becomes eligible for a range of benefits outlined under the Startup India scheme.
- DPIIT-recognized startups are entitled to an income tax exemption for three consecutive financial years out of their first ten years since incorporation.
Required Documents
To complete the registration of startup in India and obtain DPIIT recognition for your startup, you will need the following documents:
Eligibility Criteria for Start-up India Registration
- To register a startup in India and get benefits from Startup India scheme, a startup must meet the following criteria
- Startup Structure: The startup must be incorporated as a private limited company, a limited liability partnership (LLP), or a partnership firm.
- Age of the Startup: The startup should not be older than 10 years from the date of incorporation.
- Annual Revenue: The startup’s yearly turnover must not exceed INR 100 crores in any fiscal year since its inception.
- Innovative Approach: The startup must aim to innovate, develop, deploy, or commercialise new products, processes, or services driven by technology or intellectual property.
- Legal Compliance: The startup must comply with all relevant legal requirements, such as the Companies Act, Income Tax Act, and Goods and Services Tax Act.
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