Startup Recognition Certificate

9999/-

Plus taxes

Startup Recognition Steps

  • 1

    Buy Product

  • 2

    Submit Information Online

  • 3

    Review Submission of Application

  • 4

    Get Startup Recognition


What is Startup?

Startup means an entity, incorporated or registered in India :

Not prior to seven years, however for Biotechnology Startups not prior to ten years With annual turnover not exceeding INR 25 crore in any preceding financial year, and 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

Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 7 years and for biotechnology startups 10 years from the date of incorporation/ registration. Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.

Startup India
Up to 7 years and for biotechnology startups up to 10 years from its date of incorporation / registration
Startup India
Incorporated as either a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership
Startup India
Turnover for any fiscal year has not exceeded INR 25 crore
Startup India
Entity should not have been formed by splitting up or reconstruction a business already in existence
Startup India
Working towards innovation, development of products, or if it is a scalable business model with a high potential of employment generation or wealth creation

Benefits of Startup Recognition

Startup India
SELF CERTIFICATION
and compliance under 9 environmental & labour laws
Startup India
STARTUP PATENT APPLICATION
fast track & up to 80% rebate in filling patents
Startup India
PUBLIC PROCUREMENT
fast track under the criteria of "/turnover" for startups in all Central Government departments
Startup India
WINDING UP COMPANY
in 90 days under insolvency & Bankruptcy code 2016
Startup India
INR 10,000 CRORE FUND
of funds for investment into startups through Alternate Investment Funds
Startup India
INR 2,000 CRORE CREDIT
guarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years
Startup India
TAX EXEMPTIONS
on Income tax for 3 years
Startup India
TAX EXEMPTIONS
on capital gains & on Investments above Fair Market Value

Tax Benefits


  • In order to obtain tax benefits, a Startup should -
    • Be a private limited company (as defined in the Companies Act, 2013) or a limited liability partnership (as defined under the Limited Liability Partnership Act, 2008) which is incorporated on or after the 1st day of April, 2016 but before the 1st day of April, 2019, and
    • Be working towards innovation, development or improvement of products or processes or services, or should be a scalable business model with a high potential of employment generation or wealth creation, and
    • Obtain a certificate of an eligible business from the Inter-Ministerial Board of Certification as constituted by Department of Industrial Policy and Promotion from time to time.
  • Please note that the mere act of developing:
    • Products or services or processes which do not have potential for commercialization, or
    • Undifferentiated products or services or processes, or
    • Products or services or processes with no or limited incremental value for customers or workflow.