Eligible Startups can be exempted from paying income tax for 3 consecutive financial years out of their first ten years since incorporation.
The Government of India gives special preference in buying from Startups businesses through Govt. tenders.
Investments into eligible Startups by Accredited Investors, Non-Residents, AIFs, closely held listed companies may also be exempted under Section 56 (2) (VIIB) of Income Tax Act, 1961.
Startups can self certify the compliance under 6 Labour Laws and 3 Environmental Laws for 5 years from the date of incorporation.
The startup can raise funds & capital through the fund of funds initiative by Startup India. DIPP has proposed to release Rs.10,000 crore for Startups.
Fast tracking of Startup Patent application, Upfront 50% discount on Trademark fees, 80% Rebate on Patent filing fees.
Website OR Company Profile Deck (Any One)
Details of investment in Plant & Mahcinery, Equipments etc. is required
Incorporation Certificate with GST Certificate is required.
A copy of PAN & Aadhar Card of Proprietor/ Partners/ Directors /Company is required
Brief Write up on how the business is working towards: innovation, employment, wealth creation
MoA & AoA / LLP Agreement or Partnership Deed as applicable is required