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- Department of Industrial Policy and Promotion (DPIIT) Certificate of Recognition for Startups: DPIIT-Recognized Startups are eligible for the following benefits:
- Intellectual Property Rights (IPR) benefits
- Relaxation in public procurements norms
- Self-Certification under Labor and Environmental Laws
- Faster exit for Startups
- Fund of Funds for Startups (FFS)
- Inter-Ministerial Board Certificate for Tax Exemptions: The recognised Startups incorporated on or after 1st April 2016 that are granted an Inter-Ministerial Board Certificate are exempted from income-tax for a period of 3 consecutive years out of 7 years since incorporation.
- MSME Registration: This will help you reap several benefits from the government including credit at low interest rate, incentives on products for exports, excise exemption, statutory aid such as reservations, and the interest on the payments delayed due to unavoidable circumstances.
- Import-Export Code (IEC): It is mandatory for companies and businesses to obtain this code to start a business that deals with import and export in the Indian Territory.
- Digital Signature Certificate: A digital equivalent (that is electronic format) of physical or paper certificates.
- Shops and Establishment License: A state -based registration required while establishing a hotel, shop, or any commercial place.
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