Professionalsaathi

Startup India Certification

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About The Startup India Certification

Roshan Singh

Startup India Certification is a recognition provided by the Department for Promotion of Industry and Internal Trade (DPIIT) to eligible startups in India. The certification is aimed at promoting entrepreneurship and innovation by providing various benefits to startups. The certification is provided based on certain criteria, such as innovation, scalability, and employment generation potential.

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Benefits

Startup India Certification provides tax benefits to eligible startups, such as tax exemption for the first three years of operations, exemption from capital gains tax, and tax exemption on investments above fair market value. .

Startup India Certification provides access to various funding and investment opportunities, such as the Fund of Funds for Startups, which provides funding support to eligible startups. .

Startup India Certification provides various simplifications in compliance requirements, such as self-certification, digital signature, and easy access to information and resources. .

Startup India Certification provides access to a network of mentors, incubators, accelerators, and other stakeholders in the startup ecosystem, which facilitates collaboration and learning. .

Steps

The startup needs to register on the Startup India portal and fill in the required details.

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The startup needs to self-certify that it meets the eligibility criteria, such as incorporation as a Private Limited Company or LLP, innovation potential, and scalability.

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The startup needs to submit the application for Startup India Certification on the portal along with the required documents, such as Certificate of Incorporation and Memorandum of Association.

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The DPIIT verifies the application and grants the Startup India Certification if the startup meets the eligibility criteria.

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Requisties

  • The startup should be incorporated as a Private Limited Company or LLP.

  • The startup should not be more than 10 years old.

  • The turnover of the startup should not exceed Rs. 100 crore in any of the previous financial years.

  • The startup should have an innovative product or service with the potential for scalability and employment generation.

Deliverables

  • Certificate of recognition as a Startup by DPIIT

  • Access to various benefits and schemes under the Startup India program

Frequently Asked Questions

No, Startup India Certification is not mandatory for startups, but it provides various benefits and opportunities. .

Yes, an existing company that meets the eligibility criteria can obtain Startup India Certification. .

No, tax benefits are available only for the first three years of operations .

No, eligibility for funding under Fund of Funds for Startups requires Startup India Certification. .

The process of obtaining Startup India Certification can take up to 4-6 weeks. .

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  • Locations

    Kashmir to Kanyakumari

  • Email Address

    info@professionalsaathi.com

    partners@professionalsaathi.com

  • Contact Numbers

    +91 8950296299

    +91 9315650745

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At Professional Saathi, we offer a range of business consultancy services that help businesses improve their performance, achieve growth, and overcome challenges.