Startup India registration is a government-backed initiative designed to recognize eligible startups and offer a range of benefits, including tax exemptions, funding opportunities, and simplified regulatory processes.
To qualify, entities must be less than 10 years old, incorporated in India as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership Firm, with an annual turnover not exceeding ₹100 crore. Additionally, they must be engaged in innovation or the improvement of products, services, or processes.
Key documents required include the Certificate of Incorporation, PAN, a business plan or proof of concept, details of directors or partners, and any relevant patent or trademark filings, if applicable.
Recognized startups may benefit from a three-year tax exemption, easier access to government tenders, simplified patent filing, and eligibility for funding schemes such as the Startup India Seed Fund.
Yes, provided the business meets all eligibility criteria and has not been formed by splitting up or reconstructing an existing entity
Once the application is submitted with all required documentation, approval usually takes a few working days, subject to verification and compliance with the eligibility criteria
Not always. A recommendation letter may be required in specific cases, particularly when applying for certain benefits or seeking recognition based on innovation.
No, only entities that are incorporated in India are eligible for registration under the Startup India initiative.