Procedure for Applying
Fill Information
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Make Payment
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Mail Documents
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Sit Back and Relax
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Startup India Registration
Startups are booming in India. The government is also supporting young entrepreneurs to establish startups. Startups help to boost the country's economy. A startup is a business that offers innovative products or services that provide solutions to a problem existing in society. A startup may also redevelop a current product or service into something better.
1
Company Age
Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.
2
Company Type
Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership.
3
Annual Turnover
Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation.
4
Original Entity
Entity should not have been formed by splitting up or reconstructing an already existing business.
5
Innovative & Scalable
Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment.
What we do for you
1. Start the business
Our experts at Sterling Tax Partners help to incorporate the Company, LLP or Partnership as per requirement
2. Creation of Profile
Profile of the Company should be created by our expert team on the website of Startup India with complete due diligence.
3. DPIIT Recognition
The next step after creating the profile on the Startup India Website is to avail the Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This recognition helps the startups to avail benefits like access to high-quality intellectual property services and resources, relaxation in public procurement norms, self-certification under labour and environment laws, easy winding of company, access to Fund of Funds, tax exemption for 3 consecutive years and tax exemption on investment above fair market value.
Application for DPIIT recognition will be filed by us only.
4. Issue of Certificate
We follow up with Department to get issue certificate of recognition as soon as possible. Generally, its take 5-7 working days after furnishing all the details.
Timeline
Day 1
Fill Online Application Form & Make Payment
Get Call For Further Information, Documents & Advice
Creation Of Login Credentials For The Company
Day 2-4
Review & Verification Of Documents Received
Creation Of Digital Signature Of The Company
Day 5-7
Review Information Of Startup & PitchDeck
Profile Completion On National Single Window
Day 8-9
Filing of An Application Using the Credentials
Government Processing Time
Day 10-15
Resolution Of Queries if any, Raised via Authorities
Dispatched Of Company DSC with Token
Insurance Of Stratup Certificate On email
Things To Know
An entity incorporated as a Private Limited Company, Partnership Firm or a Limited Liability Partnership can register themselves under the startup India scheme. The annual turnover of these business entities should not exceed Rs.100 crores, and they should have been in existence for up to ten years from the date of its incorporation/ registration. Such an entity should be working towards innovation, development or improvement of products or services or processes.
There are a number of benefits startups receive under the Startup India Initiative. Nevertheless, in order to avail of these benefits, an entity is needed to be recognised by the DPIIT as a startup.Startups are allowed to self-certify their compliance with six labour laws and three environment laws. This is allowed for a total period of five years from the date of incorporation/registration of the entity. Startups are allowed a three-year tax exemption and the best intellectual property services and resources solely built to help startups protect and commercialise their IPRs.
The most preferred business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and generally favoured by investors. However, it has stricter compliance and may have a higher cost of incorporation.Whereas incorporation cost is lower for LLPs and they tend to have relaxed compliance in comparison to the Private Limited Companies. In addition to that, LLPs have limited liabilities and are equally recognised by investors and all over the world.
To attract investors, not only do you need a stellar product with a scalable model, but you also need visibility. Make sure that your product receives healthy engagement and traction. You’ll need to register your startup on startup India and proactively seek out investors. Make sure you are able to effectively communicate your business idea to the investor and the sustainability of your business model.
Any entity that has at least one registered office in India can register itself on the hub, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.
Once the application is complete, and the startup gets recognised, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.
Generally, it takes around 2-4 weeks for the Startup India recognition certificate to be issued.However, the duration may vary depending on the completeness of the application and concerned authority.
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