Now get yourself registered with DPIIT under Startup India Scheme to avail various benefits
MINIMUM
REQUIREMENTS
- 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
Benefits
- 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
Contact Us
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