The applicant unit need to access the Start-up India Recognition portal for Register with Start-up India to get the DPIIT Certificate of Recognition for Startups.

Provide the following details in the Start-up Recognition application:

• Entity Details:Nature of Entity, Industry, Sector, Categories and Company Incorporation Number and Registration Date
• Full Address of the Entity
• Details of the Authorized Representative
• Directors or Partner / Director Details
• Details of Intellectual Property Right
• Details of funding
• Recognition received by the entity.

Get the Startup Recognition Number

The DPIIT Certificate of Recognition for Startups will be issued after examination of the application and documents submitted.

Once the ministry approves the application and provides the unique startup recognition number, the startup can be registered with tax benefits.

Benefits for DPIIT Recognized Startups

The startups can avail the following benefits after obtaining the DPIIT Certificate of Recognition for Startups:

Self Certification

After obtaining the DPIIT Certificate of Recognition for Startups, the entity will be allowed to self-certify compliance under 3 Environmental Laws and 6 Labour Laws.

Start-Up Patent Application

The DPIIT recognized startups are required to pay only 80% of the fees on Patents, trademark, copyrights and design, and the fast-tracking of a patent application will be available for startups.

Easier Public Procurement Norms

• The DPIIT recognized startups will get an opportunity to list the product on Government e-Marketplace.
• DPIIT recognized startups are exempted from submitting Earnest Money Deposit
• Exemption from Prior Experience/Turnover is provided for Start-ups in all Central Government ministries and departments.

Easy winding up of Company

According to the Insolvency and Bankruptcy Code, 2016, the company can be wound up within 90 days of applying for insolvency

Funds of Funds

The startups will be eligible for Rs.10000 crore funds of funds from the Alternative Investment Funds.

Credit Guarantee fund

The startups can avail Rs.2000 crore Credit Guarantee fund through the National Credit Guarantee Trust Company or SIDBI over 4 years

Tax Exemptions

• After obtaining the Certificate of Recognition, the startup can apply for Tax exemption under section 80 IAC of the Income Tax Act.
• The DPIIT recognized startups can apply for Angel Tax Exemption.
• After obtaining the clearance for Tax exemption, the DPIIT recognized startups are exempted from income tax for 3 consecutive fiscal years out of its first ten years since formation.

Why Choose Taxinno?

Taxinno is a trusted partner for entrepreneurs and startups seeking recognition and registration under the Startup India initiative. With our expertise and in-depth knowledge of the regulatory landscape, Taxinno simplifies the complex process of obtaining startup India recognition. We offer comprehensive services that include preparing the necessary documentation, guiding you through the eligibility criteria, and ensuring compliance with all the requirements set forth by the Department for Promotion of Industry and Internal Trade (DPIIT).

By choosing Taxinno, startups can navigate the bureaucratic hurdles seamlessly, allowing them to focus on their core business activities while reaping the benefits and incentives offered under the Startup India program.