Stpi Registration

Pre-Registration Steps Involved in Incorporating a Company and Setting up of a 100% Export Oriented Unit under Software Technology Parks of India (STPI)

Stage 1: Incorporation of Company Registration with Registrar of Companies, India

Time Frame 10-12 working days Documents to include: Form 1A - Name availability Form 1- Compliance letter from Company Form 18 - Registered Office of the Company Form 32 - List of Directors & address (in duplicate) 3 Copies of Memorandum & Articles of association of the Company Applicable fees

Stage 2 Application for Permanent Account Number (PAN) or Corporate TAX ID & Tax deduction Account Number (TAN) to withhold & remit the withholding taxes

Time Frame 7 working days Documents to include: List of Directors of the Company Application form in Form 49A (for PAN) Application form in Form 49B (for TAN) Copy of the Memorandum & Articles of association of the Company

Stage 2 Application for Permanent Account Number (PAN) or Corporate TAX ID & Tax deduction Account Number (TAN) to withhold & remit the withholding taxes

Time Frame 7 working days Documents to include: List of Directors of the Company Application form in Form 49A (for PAN) Application form in Form 49B (for TAN) Copy of the Memorandum & Articles of association of the Company

tage 4 Application to Software Technology Parks of India (STPI) to set up a 100% Export Oriented Unit (EOU)

Time Frame 22 working days Documents to include: Application Form in the prescribed form (2) Memorandum and Article of Association (3) Board Resolutions for setting up STP Unit and persons authorized to sign.

(4) Resume of Person Heading the operation / CEO (5) Detailed project report / Business plan consist of Company profile Promoters background Units Area of Expertise / Services offered Marketing Strategy / Marekting Arrangements Manpower plan Future plans Financials statement like : Cost of project & Means of finance Projected P&L A/c. Projected Balance Sheet Projected Cashflow / fund flow statement Export workings - (As per Transfer pricing guidelines where ever applicable) Other documents like Copy of FIRC's and letter filed with RBI for receipt of Foreign equity Copy of service agreement signed with parent company / clients/ PO with clients / Master service agreement Initial application processing fee of INR 2,500 and Advance service charges of INR 50,000 at the time of executing the legal agreement. Service charges to be paid annually as per the slabs given in the application

Stage 5 Application to Customs authorities to avail duty concessions by setting up a Private bonded warehouse

Time Frame 7 working days Documents to include: Application form - 4 copies Approval from STPI to set up 100% EOU Copy of TAX ID Copy of Importer Exporter Code Copy of Application filed with STPI for set up of EOU Banker's Certificate about the satisfactory account maintenance Lease Deed of the premises to be Customs bonded Floor plan - 4 copies duly attested by the CEO / authorised signatory B-17 bond to be executed by the Company to set up a Private bonded warehouse for an amount of 12.5% of the Capital goods to be imported Bank Guarantee to be provided by the Company for a value of 5% of the value as indicated in B17bond Copy of the Memorandum & Articles of association of the Company

Stage 6 Application with State authorities to obtain:

Time Frame 7 working days Documents to include: Relevant Application forms duly signed by the authorised signatory Copy of the lease agreement entered into for the office premises 4 Photographs of the proposed CEO / Director Copy of the Memorandum & Articles of association of the Company Applicable fees Profession tax registration for the entity: INR 2,500 payable annually Sales Tax Registration: INR 500 as fees & INR 5,000 to 10,000 as refundable deposit Department of Labour (Karnataka Shops & Establishments Act) - INR 250 to 25,000 depending on the number of employees employed as per slabs (attached)

Note: The time frame indicated can be reduced depending on the flow of documents. Steps Number 2,3, & 6 can be taken up simultaneously along with STPI registration. The fees indicated are as on date of publishing this information. The units needs to pay the actual amount as applicable at the time of registration with the respective department . The documents list given may vary and units needs to provide specific documents as requested by respective department.

This information is meant for the units who intend to register with STPI, this should not be used for any publication or circulation