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Startup India Certificate Benefits

Startup India Certificate Benefits, Eligibility Criteria, Documents Required, Process

The Startup India Certificate is more than just a piece of paper. It symbolizes a significant milestone in the journey of any startup. Not only does it provide recognition and credibility, but it also opens up a world of benefits and opportunities for budding entrepreneurs.

Startup India Certificate Benefits
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Startup India Certificate

What is Startup India Certificate?

The Startup India Certificate is a recognition granted by the Department for Promotion of Industry and Internal Trade (DPIIT) to startups that meet certain criteria. This recognition provides startups with various benefits, including tax exemptions, patent filing assistance, and easier access to funding. To be eligible for recognition, a startup must be a private limited company, partnership firm, or LLP that has been incorporated in India for less than 10 years and is working towards innovation, scalability, and employment generation

Startup India Certificate Benefits

Registering for a Startup India Certificate offers several benefits to entrepreneurs and startups in India. Here are some of the key advantages:

  • Tax Exemption: If your company was incorporated between April 2016 and March 2021, your company is a private limited or LLP, and you have a Startup India certificate. You become eligible to apply for tax exemption, and if the government approves your application, they will provide you with a Certificate of Eligibility. Based on this certificate, you can avail tax exemption benefits for any three consecutive years.
  • Access to Funding: Government funding available wherein you can get a loan of up to 2 crores without mortgage under the GSTME scheme. In this too, startups get first priority, and there are related norms to be followed since you are a startup. 
  •  Government Tender: If you have Startup India Certificate and you want to participate in Government tenders, you won’t have to pay the earnest money deposit (EMD), and you won’t need to show turnover or experience. This means you get 100% relaxation from the government, and you’ll also get first priority in government tenders.
  • Cloud Credits: Cloud credits avail ranging from $1000 to $5000 for every certified startup company, and it’s completely free of cost. These credits can be used for data storage, online marketing, and web hosting. You can claim these credits after receiving the Startup India certificate, and you can use them free of cost for a year.
  • Trademark & Patent: If you have a Startup India certificate and you want to apply for a trademark or patent, the government covers advocate charges or consultancy fees on your behalf, and your trademark or patent application will be fast-tracked, processing 30% to 40% faster. 

Eligibility of Startup India Certificate

To be eligible for Startup India Certificate, applicants typically need to fulfill 3 primary criteria.

  • Type of Entity: The startup must be registered as a Private Limited Company under the Indian Companies Act, 2013, a Limited Liability Partnership (LLP) under the Indian Limited Liability Partnership Act, 2008, or a partnership firm under the Indian Partnership Act, 1932.
  • Annual Turnover: Another requirement is that the turnover of your company should not exceed 100 crores.
  • Incorporation Period: For recognition under the DPIIT Startup India initiative, the entity must be incorporated for a period not exceeding 10 years from its date of incorporation.

Documents Required For Startup India Certificate

  • Incorporation Certificate of  Startup
  • Company Pan Card
  • Director Aadhar Card
  • Organization DSC Class3
  • Email id
  • Contact no.
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Startup India Certificate?

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The process — Startup India Certificate.

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