Startup Registration CFO Horizon
Get Your Startup India Registration
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What is Startup India Registration?
Startup India Registration was established by the Government of India and is overseen by the Ministry of Commerce and Industry. Aimed at bolstering the Indian economy and encouraging entrepreneurship, the Stand-up India program works to elevate and expand Indian startups.
It offers several advantages, including –
What makes you a Startup under the Startup India Program?
3 Layers Of Startup India Certificate Recognition
Issuance Of Startup India Certificate
After assessing the unique business process and other eligibility criteria, DPIIT awards a Startup India certificate to the newly incorporated company upon receipt of an application.
Income Tax Exemption
The startup will receive a three-year tax break out of a ten-year term.
Startups must file a separate application under Form-1 for income tax exemption under Section 80-IAC, and the Income Tax authority must grant or deny the application.
This application can only be submitted when a Startup India Certificate has been issued.
Angel Tax Exemption On Equity Investment
If a startup is further approved by the Inter-Ministerial Board, an investment made on the premium by investors is exempt from tax under section 56(2)(vii b) of the Income Tax Act 1961.
This exemption is effective until the startup’s paid-up share capital plus share premium does not reach ₹25 crore.
A startup must make a Form-2 declaration with DIPP to qualify for angel tax exemption.
The Validity Of Startup India Certificate
An entity ceases to be a Startup after ten [10] years from the date of incorporation/registration OR if its preceding year’s turnover reaches one hundred [100] crore rupees. Whichever comes first.
Startup India Certificate Benefits
Tax Exemption U/S 80 IC
After being recognized under the Startup India scheme, you may claim tax exemption under Section 80 IAC of the Income Tax Act.
During the first ten years of starting eligibility, a startup can take advantage of a tax holiday for three consecutive fiscal years.
Application Criteria for 80IAC Tax Exemption:
Angel Tax Exemption U/S 56
After registering with Startup India, you can apply for an Angel Tax Exemption.
Criteria for Angel Tax Exemption Under Section 56 of the Income Tax Act of 1961:
Self-Compliance For Labour Laws
Startups can self-assess their compliance with employment laws, and there will be no inspections or physical visits by public officers for the first three years. Startups can self-certify per the six labor rules listed below using the Startup India platform.
Our expertise can assist you with self-certifying compliance with labor legislation.
Easier Norms On the GeM Portal
The Government e-Marketplace [GeM] is a public procurement e-commerce portal. Private sellers, including startups, can sell to government purchasers and participate in government e-tenders.
Register as a seller on the government e-Marketplace, the GeM portal.
A registered startup has advantages over other private sellers. GeM Startup Runway Scheme is a different scheme that was launched for a startup.
Startups participating in the Gem Startup Runway scheme are eligible for exemptions from the following:
Trademark, Patent, IPR Related Exemption
With a Startup India certificate, entrepreneurs can receive support in applying for intellectual property rights such as trademark, patent, and copyright registration.
Recognized startups are eligible for the following IPR benefits:
Easy Winding Up Of Company
Startups registered under the Startup India scheme can use the Insolvency and Bankruptcy Code, 2016 to wind up the firm within 90 days if the startup business model fails.
Funding Opportunities and other Government Schemes
Startups registered under the Startup India scheme can apply for funding through various government or semi-government-aided schemes.
Venture Capital Assistance Scheme
The Small Farmers’ Agribusiness Consortium (SFAC) provides an interest-free loan to projects that fall short of the capital requirements for project completion under this plan.
Support to MSMEs for International Patent Protection in Electronics and IT
Stand Up India Scheme bank loans ranging from 10 lakh to 1 crore to at least one SC/ST borrower and one women-owned firm per bank branch.
Single Point Registration Scheme (SPRS)
NSIC registers MSEs for participation in Government Purchases under the SPRS scheme.
Startup India Certificate Verification
When you apply for Startup India Registration, you will be given an acknowledgment receipt number (ARN) that will allow you to track the status of your certificate. You can download your Startup India certificate once your application has been processed successfully.
Startup India Registration Process
(1) Please provide the required business details and information to our web portal.
(2) Choose a package and pay online with different payment modes available.
(3) The Startup India application will be assigned to one of our dedicated professionals when placing an order.
(4) Our professionals shall carefully examine the criteria of startup recognition and apply them.
(5) Our professionals follow up with the government department to issue the Startup India Certificate.
(6) A Startup India Registration certificate shall be provided to you upon successful examination.
Document Required For Startup India Certificate
How to Get Started with Startup India Registration?
Fill Form
Simply fill out the above form to get started.
Make Payment
No additional compliance in most cases
Our Expert Will Start the Process
Our expert will connect with you & advise on documents.
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