Now get yourself registered with DPIIT under Startup India Scheme to avail various benefits
Entity Age – The Date of Incorporation should not exceed 10 years
Type of Company – Should have been Incorporated as a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership
Annual Turnover – Should not exceed Rs.100 crore for any of the financial years since its Incorporation
Original Entity – The company or Entity should have been formed originally by the promoters and should not have been formed by splitting up or reconstructing an existing business
Innovative & Scalable – Should have plan for development or improvement of a product, process or service and/or have a scalable business model with high potential for the creation of wealth & employment
Simplification– Easier compliance, easier exit process for failed startups, legal support, fast-tracking of patent applications and a website to reduce information asymmetry.
Govt funding oppurtuinituy- Govt allotted 10,000 cr funds for investments into startups through alternate investment funds. SIDBI is managing this fund and startups can apply under this scheme.
Tax Exemption- Once the Company gets registered under the Startup India scheme, the company can apply for Income tax benefits and angel tax relief
IPR application fees concession- In IPR registration like trademark, patent application, 50-80% govt fees concession is available
For any general inquiries, please fill in the following contact form: