Start-up India Requirement

To register in Startup India, a startup needs to fulfill the following requirements:

1. Business Registration: The startup should be registered as a private limited company, limited liability partnership (LLP), or partnership firm.
2. Age Limit: The startup should be less than 10 years old from the date of incorporation. However, startups in the biotechnology sector can be up to 15 years old.
3. Annual Turnover: The annual turnover of the startup should not exceed INR 100 crores in any of the previous financial years.
4. Innovation:The startup should be working towards innovation, development, deployment, or commercialization of a new product, process, or service driven by technology or intellectual property.
5. Certification:The startup should obtain a certificate of recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). The certificate can be obtained by submitting an online application on the Startup India portal.
6. Compliance:The startup should comply with all legal requirements such as the Companies Act, Income Tax Act, and Goods and Services Tax Act. The startup should also have a bank account in the name of the business and provide the details of the same during registration.
7. Employment Generation: The startup should aim to create jobs or have the potential to create jobs in the future. The scheme encourages startups that create employment opportunities in the country.

Once a startup fulfills the above requirements, it can register on the Startup India portal by providing the following details:

1. Business registration certificate.
2. Details of directors or partners.
3. PAN card details.
4. Brief details of the startup’s business.
5. Self-certification of compliance with Startup India criteria.
6. Bank account details.
7. Certificate of recognition from the DPIIT.

Upon successful registration, startups can avail of various benefits and incentives provided by the government, such as tax exemptions, funding support, simplified compliance procedures, and networking opportunities. Additionally, startups registered under the scheme can also participate in various government schemes and initiatives aimed at promoting innovation and entrepreneurship in the country.