Startup Registration Service

Navigating the complexities of startup registration can be a crucial step for your business’s growth. Our dedicated Startup Registration Service simplifies the process, helping eligible entities secure official recognition from the Department for Promotion of Industry and Internal Trade (DPIIT) in India. This recognition is your key to unlocking a wide array of government benefits and support, propelling your innovative venture forward.

Is Your Business Eligible?

To qualify as a Startup and receive DPIIT recognition, your entity must fulfill the following conditions:

• • Company Age: Your business’s period of existence and operations should not exceed 10 years from the date of its incorporation/registration.
• • Company Type: It must be incorporated as a Private Limited Company, a Registered Partnership Firm, or a Limited Liability Partnership (LLP).
• • Annual Turnover: Your annual turnover should not have exceeded Rs. 100 crore for any of the financial years since its incorporation.
• • Original Entity: Your entity must not have been formed by splitting up or reconstructing an already existing business.
• • Innovative & Scalable: Your work should demonstrate innovation, development, or improvement of a product, process, or service, and/or possess a scalable business model with high potential for wealth and employment creation.

Our Streamlined Recognition Process

We guide you through every step of the online application for DPIIT recognition via the official National Single Window System (NSWS) portal:
1. Online Application: We assist in making the online application through the portal setup by DPIIT: https://www.nsws.gov.in
2. Document Preparation & Submission: We help you compile and submit all necessary documents accurately to ensure a smooth application. The approval process typically takes 2-7 working days, though it can vary based on DPIIT processing times and document completeness.

Essential Documents Required for DPIIT Recognition:

• Copy of Certificate of Incorporation or Registration.
• Copy of Memorandum of Association (MoA), LLP/Partnership Deed, Board Resolution.
• A comprehensive write-up detailing the nature of your business, highlighting its innovative aspects, how it addresses a problem, your unique solution, and its scalable revenue-generating model (including potential for employment generation or wealth creation).
• PAN Card of the entity.
• PAN, Aadhaar, and Contact details of all directors (for private limited companies) or partners (for LLPs and partnerships).
• Contact Details of the Entity (Mobile Number & Email ID).
• Authorisation letter of the authorised representative of the company, LLP, or partnership firm.
• Proof of funding, if any.
• Patent and trademark details, if any.
• List of awards or certificates of recognition, if any.
• Proof of concept like pitch deck/website link/video (for validation/early traction/scaling stage startups).

Unlocking Key Benefits for Your Recognized Startup

DPIIT recognition provides significant advantages designed to support and accelerate your startup’s journey:
• Tax Exemptions:
    o Section 80-IAC (Income Tax): Avail a tax holiday for 3 consecutive financial years out of your first ten years since incorporation.
• Intellectual Property (IP) Benefits:
   o Reduced Fees: Enjoy an 80% reduction in the cost of filing patents and a 50% rebate on Trademark fees.
   o Fast-Tracking: Patent applications filed by startups are fast-tracked for examination.
   o Facilitator Support: The government covers all facilitator fees for patents, trademarks, or designs, with the startup bearing only the statutory fees.

• Simplified Compliance: Startups are allowed to self-certify their compliance with six labor laws and three environment laws, reducing regulatory burdens and avoiding inspections (unless there’s a credible complaint).

• Access to Funding Support:
     o Startup India Seed Fund Scheme (SISFS): Potential eligibility for financial assistance from the Rs. 945 crore outlay scheme.
     o Funds of Funds for Startups (FOF) Scheme: Eligibility to avail funding from the Rs. 10,000 crore FOF scheme, which invests in SEBI-registered venture funds.
     o External Commercial Borrowings (ECB):Recognized startups can avail loans from foreign investors up to $3 million annually through simplified RBI compliance.

• Priority Government Tender & Procurement:
     o Exemptions: Gain exemption from prior experience or turnover criteria and security deposits when filing tenders.
     o Market Visibility: Opportunity to list Startup products on the Government e-marketplace (GeM) for enhanced market visibility.

• Easy Winding Up: In case a business does not succeed, recognized startups benefit from an expedited winding-up process under the 2016 Insolvency and Bankruptcy Code, which can be completed within 90 days.

• Networking & Mentorship: Access to the Startup India Hub, which offers networking opportunities with investors, mentors, accelerators, and other stakeholders, along with learning resources and programs.

Why Choose Us for Your Startup Registration?

Partnering with J B Financial Advisors ensures a smooth and beneficial Startup registration experience:
• Expert Guidance: Navigate complex requirements with our in-depth knowledge and tailored support.
• Streamlined Process: We handle everything from document prep to submission, ensuring efficiency and accuracy.
• Save Time & Effort: Focus on your core business while we manage the intricate registration journey for you.
• Maximize Benefits: We help ensure your application positions you to leverage all eligible government incentives.

Don’t let the intricacies of registration hold back your innovative vision. Choose J B Financial Advisors to secure your DPIIT recognition efficiently and unlock the full potential of your startup. Contact us today for a consultation!