Start up India registration

Step-by-Step Guide to Startup India Scheme Registration | Fincto.io

The Startup India Scheme is an Indian government initiative promoting innovation, entrepreneurship, and growth for startups. By registering, startups can access various benefits and incentives, promoting business growth and sustainability. This guide outlines the registration process, eligibility criteria, required documents, and benefits, with Fincto.io as a trusted partner.

Step-by-Step Startup India Scheme Registration

Initial Consultation

Experts consult businesses to understand their requirements

Document Submission

Verify eligibility criteria by submitting required documents

Register as DPIIT

Team assists in registering startup as DPIIT under the Startup India Scheme

Eligibility Criteria for Startup India Scheme

Startup India Scheme eligibility requires meeting criteria

Company must be incorporated as a private limited company, partnership, or limited liability partnership
Startup requires patron guarantee from Indian Patent Office and incubator recommendation
The company should be a brand-new or five-year-old company with annual revenue below ₹25 crores
Entity prioritizes innovation, product development, process improvement, and employment-generating services

Startup India Scheme: Required Documents

Loan application documentation process involves:

Identity Proof

Any legal photo ID provided by the government

Address Proof

Official documents confirming the individual and the company addresses

Company Documents

Memorandum of Association (MOA) and Articles of Association (AOA) for the company, or a partnership deed for a partnership firm

Patent Documents

Statements of the borrower and the guarantor assets and liabilities, along with the company three most recent balance sheets

Company Incorporation Documents

Company registration certificate from the Registrar of Companies (ROC)

Benefits of Startup India Scheme

Income Tax Benefits

Startups eligible for three-year income tax exemption and capital gains tax exemption under Section 56

Financial Benefits

Rebate on Intellectual Property Rights (IPR) costs, expedited application processes, and government-paid IPR facilitation

Registration Benefits

Startup networking opportunities simplified through simplified registration procedures

Funding Benefits

State provides seed funding for certified startups under Startup India Scheme

Regulatory Benefits

Self-certification for six labor and three environmental laws with fewer inspections

Public Procurement Benefits

Government e-Marketplace for selling to departments

Faster Exit Benefits

Implementation of expedited operations closure within 90 days

Checklist for Startup India Scheme

Startup India Scheme eligibility requires meeting criteria.

Incorporate as a private limited company, partnership firm, or LLP
Obtain a patron guarantee from the Indian Patent and Trademark Office
Secure a recommendation letter from an incubator
Be a new or not more than five-year-old venture with annual revenue below ₹25 crores
Focus on innovative, high-potential employment and wealth creation services

Application Procedure for Startup India Scheme Registration

Incorporate the Company

Apply for Startup India Scheme

Apply for Startup India Scheme through Fincto.io after incorporation, completing paperwork online

Why Choose Fincto?

Expert Guidance

Business experts guide, ensure eligibility compliance, and assist with company registration

Quick Documentation

Our team assists with documentation for a smooth process.

Realistic Expectations

Ensure seamless government interaction, efficient guidance.

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