STPI Registration
The STPI (Software Technology Parks of India) category of business establishments anywhere in India, are mainly and exclusively confined in the field of Information Technology Industry, Computer Software, Software Development, and IT Enabled Services (ITES), essentially as an Export Oriented Units (EOUs). Though these STPI companies are established for 100% export oriented units, these are also allowed to do business in the domestic Indian market up to 50% of their total exports. The STP scheme of India is devised for giving extensive growth opportunities in the information technology sector of India to the Indian and Foreign companies, through providing certain substantial concessions in diverse Duties, Levies, and Taxes. Most of the companies and business corporations registered under this STPI category are engaged in the development and export of computer software items, and diverse professional services using communication links or physical media. These STPI units can also undertake professional and commercial trainings, regulate the IT business through Licensing, and serve as the connecting intermediary link between the customers and the Governmental authorities. As is with all other types of companies, we provide punctilious and expeditious services for stpi registration anywhere in India, to Indian and Foreign Investors, as our well-informed and broadly experienced professionals know very well the concerned stpi rules, stpi regulations, and the stpi registration process followed.
Significant Rules For STPI Registration
The software technology parks of India are permitted to be established exclusively for the desired development in the sector of information technology, and promote foreign exchange earnings and foreign direct investments in India. Export of computer software items, professional software services, offering and regulating IT enabled services, commercial training, and intermediation services between public and governmental authorities, etc., are the outstanding services of stpi units. Therefore, all significant rules for stpi registration are confined to these requirements.
To set up an stpi unit anywhere in India, the requirements are the following:
- STPI Application Form well Filled in up, and duly Signed by Authorized Persons
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Board Resolution for setting up an STP unit, and Names of Persons Authorized
- Latest Resume of the person in-charge of all Operations/CEO
- Detailed Business Plan or Project Report, which includes all present and future planning
- All Requisite Financial Statements and Documents
- Necessary Contractual or Agreement Documents
- Initial Application Processing Fee of Rs. 2,500/-
- Advance Service Charges of Rs. 50,000/- payable at the time of executing the legal agreement
STPI Registration Procedure
The right and proper registration of stpi units, is mandatory, and these are registered under the provisions of the Companies Act, 1956. The stpi registration process and procedures are same as in the cases of other company registrations in India. The above-mentioned application form and necessary documents are to be submitted to the Registrar of Companies (ROC) concerned in the region, where the proposed stpi unit is to be operated. Our service organization in connection with its business alliances provides the following essential and expert services for stpi registration and establishment:
- Comprehensive and Expert Advice and Information about setting up STPI Units
- Rules, Regulations, and Terms & Conditions applicable for a company registration under STPI or SEZ
- Drafting of all requisite documents, contracts, and agreements
- All mandatory Compliances with Regulating Authorities
- Representation before governmental authorities
