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Startup India Registration in Nungambakkam - Filingpoint


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DPIIT (Department for Promotion of Industry and Internal Trade) introduced the Startup India scheme to encourage innovation within businesses. The scheme allows startups to avail of several advantages including exemption from income tax, money earns exception and eased norms with regard to public procurements. To be recognized as a Startup, the firm/entity must be working towards development or improvement of products/services and have a scalable business model with high potential for wealth creation and employment generation.

Startup recognition is granted to entities that are incorporated as private limited company or as a registered partnership firm or a limited liability partnership. They must not be more than 10 years old and should not have been formed by splitting up or reconstruction of existing commerce. They should also have a turnover of less than Rs 100 crore in any financial year since their incorporation/registration and should not have been allotted Alternate Investment Funds or Angel Tax relief under Section 80IAC or Section 56 Relief for Investors.

To apply for DPIIT registration, the firm/entity must submit a letter of recommendation from an established business, an overview of the cutting-edge good/service that they are offering and a short description of their business model. They must also provide details about their funding, such as the amount of seed capital raised and the type of investment received. Once the application is approved, the company will be issued with a certificate of recognition by DPIIT. For more information on Startup India Registration in Nungambakkam, please get in touch with us.

Contact Filingpoint Startup India Registration Expert +91 72999 72500

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