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Complete Guide to Startup India Registration with YathraFin


The Government of India launched the Startup India initiative to promote innovation, create job opportunities, and drive sustainable economic growth by supporting new businesses with valuable resources and tax benefits. Registering under the Startup India program can provide your business with various advantages that facilitate growth and market entry, making it a popular choice for aspiring entrepreneurs. Here’s a comprehensive guide to Startup India registration and how YathraFin can streamline this process for you.


What is Startup India ?


Startup India is a flagship initiative introduced by the Government of India in 2016, aimed at promoting startups by providing them with benefits like tax exemptions, easier compliance, funding, networking opportunities, and access to valuable resources. The goal of the program is to nurture innovation, foster entrepreneurship, and create jobs across the country. Eligible businesses are classified as “recognized startups” by the Department for Promotion of Industry and Internal Trade (DPIIT), enabling them to access these benefits.


Why Choose YathraFin for Startup India Registration ?


Registering under Startup India involves specific eligibility criteria and document submission. YathraFin simplifies this process with:

  • Expert Guidance: Assistance from experienced professionals to ensure you meet DPIIT requirements.
  • End-to-End Support: From document preparation to submission, we handle everything.
  • Cost-Effective Packages: Competitive pricing for high-quality service.
  • Post-Registration Assistance: Guidance with compliance and availing of Startup India benefits.

Key Features of Startup India-Recognized Startups


  • Three-Year Tax Exemption: Eligible startups can enjoy a 100% tax exemption for three consecutive years within their first 10 years.
  • Easy Winding-Up Process: Startups can be wound up faster, providing flexibility to entrepreneurs.
  • Self-Certification Compliance: Startups can self-certify compliance for labor and environmental laws.
  • Government Schemes and Funding: Access to grants, funding, and incubator programs.
  • Patent and IP Support: Fast-tracked examination and rebates on filing patents.

Types of Startups Eligible for Startup India Registration


  • Private Limited Company: A registered business entity with limited liability for its shareholders.
  • Limited Liability Partnership (LLP): Combines the benefits of partnerships with limited liability.
  • Partnership Firm: Traditional business form, though it must innovate in product/service.

Documents Required for Startup India Registration


  • Certificate of Incorporation or Registration: Proof of legal entity.
  • Detailed Business Plan:Summary of the startup’s vision, objectives, and financial projections.
  • List of Directors/Partners: A complete list of all active directors or partners.
  • Pitch Deck: An executive summary of the business, showcasing innovation and growth potential.
  • Proof of Innovation: Documents or prototypes proving that the startup is innovative.
  • PAN Card of Business: Essential for business identification.

Eligibility Criteria for Startup India Registration


  • Age of the Entity: The entity should not be older than 10 years.
  • Annual Turnover: Should not exceed INR 100 crore in any of the preceding financial years.
  • Innovation Requirement: The startup must work towards innovation, development, or improvement of products, services, or processes.
  • New Entity Requirement: The startup should not be formed by splitting or reconstructing an existing business.

Step-by-Step Registration Process with YathraFin


  • Step 1

    Documentation Preparation

    YathraFin assists in gathering required documents, including proof of innovation and a business plan.

  • Step 2

    Online Application Submission

    Complete the application on the Startup India portal, attaching necessary documents.

  • Step 3

    DPIIT Recognition Application

    We file for DPIIT recognition, which enables you to access Startup India benefits.

  • Step 4

    Verification and Approval

    DPIIT reviews the application, and upon approval, issues a unique recognition number.

  • Step 5

    Access to Benefits

    After recognition, YathraFin guides you on how to access the various benefits available to DPIIT-recognized startups.

Rules and Regulations for Startup India-Recognized Startups


Partnerships are subject to certain rules:

  • Mandatory Compliance: Recognized startups need to meet mandatory annual compliance requirements.
  • Innovation and Scalability: Businesses must continue to focus on innovation or improvement in product, process, or service.
  • Non-Reconstruction Clause: The startup should not be formed by splitting or restructuring an existing entity.
  • Document Retention: DPIIT may ask for documentation proof of innovation and compliance.

Compliance Requirements After Startup India Registration


  • Annual Tax Filing: File returns annually and claim the 3-year tax holiday benefits.
  • Labor Law Compliance: Self-certify compliance in areas like Provident Fund, Gratuity, and Contract Labor.
  • Annual Report Submission: Submit a yearly report on the progress, financials, and innovation.
  • IPR Filings: Ensure intellectual property rights are up-to-date to protect the startup’s innovations.

Benefits and Government Schemes for Startup India-Recognized Startups


  • Tax Exemptions: A 3-year tax holiday and exemption from capital gains tax.
  • Reduced Compliance Burden: Self-certify labor and environmental law compliance.
  • Easier Access to Funding: Special government-backed funds and private venture capital support.
  • IPR Support: 50-80% rebates on patent and trademark applications.
  • Networking Opportunities: Access to events and incubators to connect with industry experts and other startups.
FAQ

Frequently Asked Questions

These FAQs cover essential details like eligibility, required documents, process steps, and benefits. It helps clarify common queries about setup, compliance, costs, and timelines.

Your business should be innovative, not older than 10 years, and have a turnover below INR 100 crore.
DPIIT recognition is an official acknowledgement by the Department for Promotion of Industry and Internal Trade, enabling access to Startup India benefits.
Yes, it must be a private limited company, LLP, or registered partnership firm.
Yes, as long as it is not more than 10 years old and meets other eligibility criteria.
DPIIT-recognized startups can claim a tax holiday for three consecutive years.
DPIIT-recognized startups get IPR benefits like fast-tracking and fee rebates on patents.
Recognized startups can self-certify compliance with labor and environmental laws, reducing the compliance burden.
Typically, it takes 10-15 days after submitting a complete application.
Yes, DPIIT-recognized startups are eligible for public procurement benefits.
Recognized startups can access a dedicated fund of INR 10,000 crore under SIDBI.
Yes, but there may be service fees if you use a third-party service provider.
Yes, foreign nationals can be part of a DPIIT-recognized startup.
Yes, all recognized startups need to file annual returns with the Registrar.
Yes, the fast-track closure process makes it easier for startups to wind up.
No, sole proprietorships are not eligible.
Yes, your annual turnover should not exceed INR 100 crore.
No, a physical office is not a requirement for registration.
We provide complete post-registration compliance support, from filing to advisory.
Incomplete documents and lack of proof of innovation are frequent mistakes.
No, but having patents, trademarks, or a working prototype strengthens your application.


Registering under the Startup India program can give your business the competitive edge it needs in the market. With YathraFin’s expertise, you can simplify the registration process, ensuring you meet all requirements and access valuable benefits. Start your journey with YathraFin to make your startup dreams a reality!

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