Contact Us
    ×

    Start-up Registration

    Start-up registration allows an eligible entity (i.e. a private limited company or a limited liability partnership or a partnership firm) which has been in existence for a period not exceeding 10 years from the date of incorporation/ registration to access a host of tax exemption, easier compliance and various other benefits.



    Talk to Our Experts

    Overview


    Start-up India is an initiative of Government of India started in January 2016 to encourage the budding ventures in India and give wings to innovative ideas of young India. Under start-up India scheme, certain eligible companies can make an application and can get recognised as a start-up in order to access a host of tax benefits, easier compliance, IPR fast tracking and many more.

    The objective of start-up India scheme is to reduce the regulatory burden on start-ups thereby allowing them to focus on their core business activities and keep the compliance cost low.

    Things to Know


    • Eligible Entities: The entity seeking registration as a start-up shall be a Private Limited Company or a Limited Liability Partnership or a Partnership Firm.
    • Period of Existence: The entity shall be in existence for a period not exceeding 10 years from date of incorporation/ registration.
    • Turnover: Turnover of the entity shall not exceed Rs. 100 crores in any of the financial years since incorporation.
    • Working towards innovation: Entity must be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
    • New Entity: The Entity should be a new entity and should not be formed by splitting up or reconstruction of an existing business

    Process and Timelines


    Step 1.

    Creation of Account

    Step 2.

    Filing Application

    Step 3.

    Issuance of Start-up Registration Certificate

    Document Required


      Documents Required

    • Copy of certificate of incorporation/ registration
    • Write up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation

    Why Companies Next


    At Companies Next, we have a dedicated team of professionals for providing quality services with accuracy within given timelines. We provide complete support in availing start-up registration for the entity.   Our Services include:

    • Creation of online account on Start-up India Portal
    • Drafting of requisite documents
    • Filling and Filing of Application
    • Regular Follow ups with concerned authority till you secure IEC.

    FAQ's


    Yes, an entity without a PAN can be registered as a Startup.
     

    Yes, One Person Company is considered as a private company for all purposes and are, thus, eligible to avail benefits under the Startup India initiative.

    Yes, a foreign national can enter into partnership under the LLP Act and get that LLP registered with start-up India.
     

    Only one mobile number of the authorized representative of the entity shall be provided at the time of registration which would be verified by sending an OTP on such mobile number.

    Following documents are required for start-up registration:
    • Copy of certificate of incorporation/ registration
    • Write up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation.

    Yes, if your startup gets recognised, you would receive a system generated verifiable certificate of recognition.

    Post getting recognition as a start-up, the entity is required to apply separately with Inter-Ministerial Board for availing tax benefits under Section 80IAC and Section 56 of the Income Tax Act, 1961.
     
     

    a.         The entity should be a recognized Start-up  

    b.        Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC

    c.         The Start-up should have been incorporated after 1st April, 2016

    a.     The entity should be a recognized Start-up  

    b.    Aggregate amount of paid-up share capital and share premium of the start-up after the proposed issue of shares, if any, shall not exceed INR 25 crore

    Contact Us
    ×