StartUp Recognition and Benefits

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Overview

Start-up India, launched by the Government of India in January 2016, aims to foster entrepreneurship and drive innovation across the country. Its primary goal is to build a supportive environment for start-up growth, promote entrepreneurial ventures, and boost employment opportunities.

Since its launch, the initiative has played a key role in developing a dynamic start-up ecosystem in India. It has paved the way for numerous successful start-ups across diverse sectors like technology, healthcare, and e-commerce. Moreover, it has significantly contributed to job creation and the overall growth of the Indian economy.

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Eligibility Criteria

Nature of business

The business should focus on innovating or enhancing existing products, services, or processes, with the potential to generate employment and contribute to wealth creation.

Turnover

Its turnover should not have exceeded INR 100 crores in any of the preceding financial years.

Time Frame

An entity can be classified as a start-up for a period of up to 10 years from its incorporation date.

Registration

It must be registered as a private limited company, partnership firm, or limited liability partnership.

For New Businesses Only

An entity formed through the division or restructuring of an existing business will not be recognized as a "Start-up."

Documents Required

Required in Soft Copy Only

For Private Limited Company

Certificate of Incorporation
Copy of Memorandum of Association
Brief Information about company and its products or services
Brief profile of directors like email Id, contact details, and address
Annual Accounts and IT Return
URL of website,Social Media Profile,Mobile app link
Trademark, patent or any IPR filing number and logo

Soft Copy Only

For LLP

LLP Registration Certificate
Copy of LLP Agreemnt
Brief Information about LLP and its products or services
Brief profile of Partners like email Id, contact details, and address
Annual Accounts and IT Return
URL of website,Social Media Profile,Mobile app link
Trademark, patent or any IPR filing number and logo

Advantages

Tax Exemption

Upon approval, a Start-up can avail of tax exemptions under Section 80IAC for a period of three consecutive financial years within its first ten years of incorporation.

Angel Tax

Start-up is eligible for tax exemptions under Section 56 of the Income Tax Act, often referred to as Angel Tax.

Patents

Rebate on patent application fees and expedited processing of patent applications.

Incubation Support

Assistance through various government-approved incubators that provide resources, networking, and infrastructure support.

Ease of Doing Business

Simplified registration processes, including self-certification for compliance with labor and environmental laws

Innovation and Research Incentives

Encouragement and funding for research and development, fostering innovation in products and services.