StartUp India Certificate (DPIIT)
StartUp
What is Startup India Certificate
The Startup India Certificate is an official recognition provided by the Department for Promotion of Industry and Internal Trade (DPIIT) to eligible startups in India. This certification opens doors to numerous benefits, such as tax exemptions, streamlined patent filing processes, and improved access to funding opportunities. To qualify, a business must operate as a private limited company, partnership firm, or LLP, be incorporated in India for less than 10 years, and focus on innovation, scalability, and creating employment.
Startup India
Benefits of Obtaining a Startup India Certificate
Tax Exemption
Startups incorporated between April 2016 and March 2021 as private limited companies or LLPs can apply for tax exemptions by obtaining the Startup India Certificate. Upon government approval, you receive a Certificate of Eligibility, allowing your startup to benefit from tax exemptions for three consecutive years.
Enhanced Access to Funding
With the Startup India Certificate, startups can access government-backed loans up to ₹2 crores without the need for collateral under the GSTME scheme. Startups are given priority in funding allocations, subject to compliance with relevant guidelines.
Simplified Government Tenders
Holding a Startup India Certificate eliminates the requirement to pay earnest money deposits (EMD) and removes the need to demonstrate turnover or experience when bidding for government contracts. This provides a significant advantage, granting startups full relaxation on these criteria and prioritizing them in government tender processes
Free Cloud Credits
Certified startups can receive cloud credits ranging from $1,000 to $5,000 at no cost. These credits can be utilized for data storage, online marketing, and web hosting services. Once you obtain the Startup India Certificate, you can claim and use these credits free of charge for one year.
Assistance with Trademarks & Patents
Startups with the Startup India Certificate benefit from government coverage of legal fees related to trademark and patent applications. Additionally, these applications are processed 30% to 40% faster, ensuring quicker protection of your intellectual property.
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Required Documents
When applying for the Startup India Certificate, ensure you have the following documents ready:
Eligibility Criteria for the Startup India Certificate
To qualify for the Startup India Certificate, applicants must meet the following three main criteria:
Type of Entity
The startup must be registered as one of the following:
1. A Private Limited Company under the Indian Companies Act, 2013
2. A Limited Liability Partnership (LLP) under the Indian LLP Act, 2008
3. A Partnership Firm under the Indian Partnership Act, 1932
Annual Turnover
The company’s annual turnover should not exceed ₹100 crores.
Incorporation Period
The entity must have been incorporated within the last 10 years from the date of application under the DPIIT Startup India initiative.