Startup-India Registration DPIIT Recognition for Startups
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized you as a part of the Startup India Scheme, which entitles you to various perks, including three years of tax holidays and IP filing reductions. Getting the DPIIT Startup Recognition is facilitated by Consult Value.
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Overview of DPIIT Startup India Recognition
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Get Started with DPIIT Startup India Recognition.
Startup India Registration with the DPIIT gives various benefits to startups. These include government seed Funding, tax holidays under Sections 80IAC and 56 of the Income Tax Act, trademark registration with a 50% rebate, and so on. We assist startups in taking advantage of all of these perks with simplicity.
DPIIT Registration for Startups was developed to allow recognised startups to take use of the Startup India Scheme. These benefits are intended to lessen the total financial and compliance load on startups during their early phases. This certification enables entrepreneurs to benefit from the government’s flagship Startup India Scheme. The Startup India Scheme, launched in January 2016, intends to build a strong environment for developing companies and their creative products.
Startup India Registration Eligibility Criteria
Registered Eligible Business Entity
Only the following incorporated business entities, and more specifically the following business kinds, are eligible for DPIIT startup recognition.
The primary objective is financial growth, employment generation & wealth creation
Your primary company goal must be to create jobs and money. This means that non-profit businesses cannot apply for Startup India Recognition.
New Business Entity (Less than ten years)
For startup registration in India, your business must be less than ten years old from the date of incorporation. a. Private Limited Company b. Limited Liability Partnership (LLP) C. Registered partnership Firms
Business activities include dealing in innovative products, processes, or services
Only startups with unique products or services are eligible for registration under the Startup India scheme. In this case, a full description of the product or service is required.
The following are not eligible for Startup India Recognition.
Sole proprietorship Unregistered partnership firm Joint Venture Holding and subsidiary companies Public limited company Entities older than ten years Turnover exceeding ₹100 crores Non-innovative or non-scalable businesses
Companies having more than 50% foreign shareholding. Entities formed by splitting or reconstruction Businesses involved in ineligible activities, such as arms and ammunition, tobacco real estate, etc
Stages of Startup
The startup may be at various stages of development and progression in India, limiting its expansion. The first stage is the idea stage, often known as the ideation stage. The startup develops a viable product or service, which is then validated, gains early traction, and scales. The method and requirements for startup recognition vary depending on the startup’s stage.
Ideation
At this stage, the entrepreneur has an idea or concept for a future product or service and is working on bringing it to file.
Validation
At this stage, a startup has a prototype ready and needs to validate the potential demand of the startup’s product/service.
Early Traction
After the launch of the product, when customer bases start increasing, then the stage of Early Traction has arrived.
Scaling
At this stage, startups try to add revenue at a faster rate while also increasing efficiency.
Documents Required for Startup India Registration
The table below provides a comprehensive collection of Startup India registration documents. These documents can be classified into two types: mandatory and optional. Additional documents are submitted based on your startup’s stage. Let us first understand the stages of a startup before we get into the paperwork for Startup India Registration.
Mandatory Documents
- Certificate of Incorporation
- Business PAN
- Applicant’s Aadhar
- Letter of Applicant’s Authorisation
- An Active Mobile Number
- An Active Email Address
Note
- The authorization letter that allows a person to apply for DPIIT recognition. It should include the Authorised person’s specimen signature, which has been duly accepted by such authorised signatory.
- We urge that you provide soft copies of the papers along with the completed questionnaire that we shared with you. We will verify the information and legal documents that are given to us. Please contact us if you require any explanation.
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Additional Document Requirements Based on Startup Stage.
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How To Get Startup India Recognition? – Stepwise Process
Are you wondering how to register for Startup India? We provide complete assistance with the documents and Startup India registration process. Our professionals ensure that your application contains the correct information, product description, and prescribed documentation. We’re here to help you receive your Startup Recognition Certificate quickly, affordably, and effortlessly.
Step 1: Incorporate your Startup
An unregistered business cannot be classified as a startup under the Startup India Scheme. So, the first step toward Startup India Recognition is to register your business with the appropriate authority.
Step 2: Register on the Startup India Portal
The next step is to set up your firm on the Startup India Portal. For OTP verification, you must submit the essential information together with your contact information. Contact information includes your registered phone number and email address.
Step 3: Create your Complete Profile
Fill in details like the current stage of your startup, directors / partners, the authorised representative, and so on. Also provide information about the business plan, funding, intellectual property and business activities.
Step 4: Fill out the application for DPIIT Recognition
Click on “DPIIT Recognition” on your portal, and a form will appear on the screen. Fill out and submit the form with the scanned copies of the prescribed documents.
Step 5: Obtain DPIIT recognition Certificate:
The DPIIT will examine the application thoroughly and ultimately issue a Certificate of Recognition to your startup. The Certificate will contain
Benefits of Startup India Recognition in India
The Scheme’s main benefits are tax breaks for startups, expedited statutory clearances, and easy funding and credit facilities. Recognized startups also enjoy expedited FDI approvals and Intellectual Property Protection refunds. Registration under the Startup India Scheme allows startups to easily access all of these perks. We understand the significance of these benefits for your startup and offer comprehensive assistance in obtaining Startup Registration with simplicity.
DPIIT Startup Recognition for FDI Company
businesses registered in India with foreign shareholdings, often known as Foreign Direct Investment (FDI) businesses, are eligible for Startup India accreditation if the foreign promoters’ total ownership is 49% or less. In other words, FDI enterprises in which Indian founders own 51% or more of the stock are qualified for startup recognition. All entities incorporated outside India, even those with 100% investment by Indian promoters, are ineligible for startup recognition.
How We Assist in Startup India Registration Online?
At Consult Value, we provide end-to-end assistance in the Startup India Registration Process. We have an expert legal team to take care of your application and documentation. They ensure that all information provided is correct, updated, and verified. We also guide our clients through the eligibility conditions to ensure the approval of applications without any hindrance. With our services, you drastically increase your chances of getting Startup Recognition from the DPIIT quickly and affordably.
Frequently Asked Questions
DPIIT is the short form of The Department of Industrial Policy, Promotion, and Internal Trade. It is responsible for issuing a Startup India Recognition Certificate to eligible startups.
Obtaining DPIIT registration for startups is extremely quick, simple, and reasonable with Consult value. To benefit from our services, simply subscribe to our all-inclusive DPIIT recognition package. For additional information, contact our startup advisors and consultants. We will get back to you as soon as possible.
The DIPP Certificate is the certificate that a business receives after being designated as a “Startup” by the DPIIT. Based on the DIPP Certificate, your company can take advantage of all of the Startup India Scheme’s benefits. It also includes the recognition number and date of recognition.
Yes, a DPIIT Registration for startups is mandatory for eligible businesses. It is required to avail the benefits under the Startup India Scheme.
A startup is a new business entity that has been in operation for less than ten years. Its revenue must not have exceeded Rs.100 crores in any fiscal year since its creation. Furthermore, a startup must cope with new and innovative products, services, and procedures. Its goal must be to create jobs or to generate income.
To legalise your startup, you must obtain recognition as a “Startup” by the DPIIT under the Startup India Scheme.
There are 4 stages of a startup. These are
- Ideation stage, where merely the idea of the startup has been formulated
- Validation stage, where the startup is validating its idea by introducing minimum viable products in the market
- Early traction stage, where the startup is in its early stages of business operations and has just begun generation of revenues
- Scaling stage, where the startup is gradually expanding the scale of its business operations
Startup India Registration Fees depends on the professional services you’re opting for. There are no Government fees charged by the DPIIT.
DPIIT recognition for startups is typically a rapid process that takes only 1-2 days to complete. However, the period may be extended based on the accuracy of your application, documents, and the Department’s workload.
Yes. The Startup India Registration Process is completely online. The application and documents can be submitted on the Startup India Portal.
