STPI Registration
STPI Registration In India
STPI stands for software technology parks of India. It is a recognized government agency established in India in year 1991, controlled and maintained by ministry of Communication and information technology. It is considered as 100% tax free zone for software experts. STPI’s are formed by the government in order to boost the computer software and other allied IT products in the country. They are 100% tax exempted export oriented units registered under section 10 of the income tax act, 1961. It enjoys 100% tax incentives, duty free import and 100% foreign equity & CST reimbursements on every transaction. Government specified some rules & regulations for STPI registration & it should be properly followed for better
management.
The following rules & regulations should be followed at the time of STPI registration –
Following can become a STP member :
STPI Registration In India
Complete company profile
Estimate of capital goods requirement
Capital structure
Earnings from export
Different areas of expertise
Foreign collaboration
What Is Included In Our Package?
Eligibility Consultation
Document Preparation
Application Drafting
Government Fees
Things To Take Care While Filing STPI Registration?
You must take care of the following things while filing STPI registration –
1 Application form should be filled in a prescribed format
2 Memorandum of Association (MOA)
3 Articles of Association (AOA)
4 Complete details of CEO
5 Project details & business plan
Documents Required For STPI Registration
The documents required for STPI registration are as follows –
Application form to be filled in the prescribed format.
Memorandum of association
Articles of association
Board resolution in order to setup STP unit and persons authorized to sign & submit the application form
Biodata of person heading the unit operation/CEO
Project report/Business plan comprises of –
Financial statements -
Company profile
Promoter’s background
Marketing strategy
Expertise unit area/services offered
Manpower plans
Future plans
Rent agreement copy
Invoice copy of the internet service provider
List of proposed capital goods to be acquired from abroad & within India.
Short description on the parent company and the activities proposed to be carried out by the Indian entity (In case of foreign entity
participation)
Details of financial or technical foreign collaborator
Cost of project
Source of finance
Projected P&L
Projected balance sheet
Projected cash flow statement
Projected fund flow statement
Export workings (as per transfer pricing guidelines wherever applicable)
Aggregate details of foreign exchange inflow & outflow for first 5 years
Estimated details of number of employees & wage bill for first 5 years
Other documents including copy of service agreement signed with –