Startup India Recognization

Startup India is an initiative of the Government of India to boost the Indian economy, encourage entrepreneurship and generate large-scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design.

Through VS IPR & LEGAL ADVISORS avail various resources to manage & grow your Business plus a Start-up-India Recognization Certificate by Registering your Company / LLP / Registered partnership firm under Start-up-India.

ELIGIBILITY CRITERIA FOR STARTUP INDIA CERTIFICATE

  • If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India 
  • Up to ten years from the date of its incorporation/registration
  • If its turnover for any of the
    financial years since incorporation/registration has not exceeded INR 100 Crores.
  • If it is working towards innovation, development, or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

Note: An entity formed by splitting up or reconstructing a business already in existence shall not be considered a ‘Startup’.

Document requirements for Startup India Registration

Conclusion

Thus, to boost job creation and entrepreneurship, the Government of India launched the Startup India Scheme. Under this scheme, the government intends to give a host of tax benefits, make compliance easy, fast-track IPR Processing and offer other sets of benefits. These benefits are offered so that entrepreneurs can focus on their core business and do not have any regulatory burden.