How to Get Startup India Registration

Overview

Starting your entrepreneurial journey in India can be a great learning experience, and obtaining Startup India registration is the first milestone in this journey of opportunities. In this detailed guide, we will brief you with the entire process, providing valuable insights and tips to ensure a smooth and successful registration for your startup.

What is Startup India?

Startup India is a flagship initiative of the Government of India, launched to build a robust and strong Startup ecosystem in India focused on nurturing and fostering innovation, promoting entrepreneurship among the youth in the country that will drive sustainable economic growth and generate large scale employment opportunities.

It provides various concessions, benefits and incentives to registered startups, making it an attractive pathway for budding entrepreneurs. The Government through this flagship initiative aims to empower startups to grow and transform into unicorns. Businesses registered with DPIIT get the recognition as a Start Up entity.?

The Start Up India Mission was launched on On 16th of January 2016,? by Prime Minister Narendra Modi. Seven years later, India has transformed into a global startup hub.?

There has been a significant rise in startups since the launch of this scheme and a lot of growth is being reported from Tier-2 and Tier-3 cities. These cities have become hot destinations for startup registrations.?

What is a Startup?

Companies working in sectors like Educational Technology, Financial Technology, Artificial Intelligence, Blockchain, Internet of Things, Food Business Aggregators, Information Technology Services, Drone Technology, Ecommerce, Defense, Space Exploration, Telecom etc. are typically considered as Startups. But a Startup is not limited to these sectors alone, even a small shop, business or food cart can be labeled as startup but it would not qualify for the textbook definition of startup.

The government is pushing aggressively for Startup registrations to help companies operating across various segments, scale up in their technology and production. Due to the government’s push to this scheme the participation of women has also increased under the Startup India programme.

What are the Eligibility Criteria to get Startup India Registration

Your business must fulfil following criteria to register for startup India scheme:

• The company must be Incorporated as a Private Limited Company or Partnership Firm or LLP:?

• It should not be Less than 10 years old

• Annual Turnover of the company should not exceed INR 100 crores in any of the financial years.
• The startup must focus on development or improvement of a unique product, service, or process, adding value to existing solutions.?
• A startup should be an original company and should not have been formed by reconstructing or splitting up an already existing company

How to Get Start-up India Registration?

The Startup India Registration Process involves below mentioned steps:

1. Step 1: Incorporate your business entity

The first step of the Start up India registration process is to incorporate a business that’s also a legal entity. Only Limited Liability Partnerships (LLP) , Private Limited Companies or? Registered Partnership Firm can opt for DPIIT recognition.?

1. Step 2: Create an Account on Startup India Portal?

If you already own a registered business or firm, then proceed to the Startup India portal and create your login profile. This is the first step to register your company or firm as a Startup.

1. Step 3: Apply For DPIIT Recognition

After completing Startup India registration you should now apply for DPIIT recognition in following manner:

• On the Recognition tab click on “Apply for DPIIT Recognition”
• Now click on the ?‘Apply Now' tab.?
• It will take you to the ‘National Single Window System (NSWS)’ website. Now register on the NSWS website, add form ‘Registration as a Startup’ and fill ‘Startup Recognition Form’ to get DPIIT recognition.?

1. Step 4: Self Certification

While applying for Startup India registration, you need to self certify the following:

• That the business is an original entity
• That business seeking registration as Startup is not a result of any split or reconstruction of an existing company or a joint venture
• Majority of shares are with Indian promoters
• Mention if the company is funded or bootstrapped

1. Step 5: Upload all the Documents

Startup India registration process also involves submitting the following mandatory documents:

• Certificate of Incorporation or Registration of Startup
• Proof of concept like Pitch/Concept/Video
• Authorisation Letter
• Aadhar Card
• Copy of PAN card of the business?
• Details of Trademark or Patent registration certificate, if any
• Website of the Company

All the documents are required to be filed in PDF format.?

1. Step 6: Get Startup India Certificate

After form and document submission the DPIIT shall check the form and scrutinise the application. In case of any discrepancies, DPIIT may issue an objection to your startup registration.

If your application is found free of discrepancies, DPIIT will issue the Recognition number and DPIIT certificate. The certificate gets issued in 4 to 5 working days. The Startup India certificate is sent directly to the email ID of the authorised person.

Benefits After Getting Startup India Registration

Registration in the Startup India scheme has various long lasting benefits for the entrepreneurs. Some of these include:

• Access to 10,000 crore startup funding pool.
• Reduction in patent registration fees.
• Improved Bankruptcy to ensure a 90-day exit window.
• Waiver from Capital Gains Tax for the first 3 years of operation.
• No income tax obligations for the first 3 years of operation.
• Facility of Self-certification?

Conclusion

As the entire process has been shifted online, Startup India registration has become quite easy for investors and innovators. Anybody can apply for registration from anywhere and get Startup India registration within a week. Startup India registration provides numerous benefits for startups thus providing them opportunities to innovate and excel in their work.?

FAQs

Q1. How to register with startup India?

Ans. You can register for Startup India from the official website .

Q2. Do I qualify for a startup in India? How can

Ans. To qualify as a startup in India a business needs to fulfill certain criteria like:

• Incorporated as a Private Limited Company/Partnership Firm/LLP:?

• Less than 10 years old

• Annual Turnover Limit should not exceed INR 100 crores in any of the previous financial years.
• The startup must focus on development or improvement of a unique product, service, or process.
• A startup should be an original company.

Q3. Is there any fee for startup India registration?

Ans. Yes a fee is charged to register as a startup on Startup India portal.?

Q4. How much time does it take to get a startup India certificate?

Ans. It takes 5-7 days to get a Startup India Certificate.?

Q 5. How does Startup India contribute to fostering innovation?

Ans. Startup India fosters innovation by providing access to funding, tax exemptions, relaxed labour compliance etc.?