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IEC Code
There is a 100% tax exemption U/S
10A of the Income tax Act, 1961 with respect to profits earned
by 100% Export Oriented Unit upto 31-03-2009 registered with
the software technology parks of India (STPI)
Application to Software Technology Parks of India (STPI) to
set up a 100% Export Oriented Unit (EOU).
Documents to include:
- Application Form in the
prescribed form.
- Memorandum and Article of
Association.
- Board Resolution for
setting up STP Unit and persons authorized to sign and
submit the application form.
- Resume of person heading
the operation/CEO.
- Detailed project report/
Business plan consist of:
- Company profile.
- Promoters background.
- Units Area of
expertise/Services offered.
- Marketing Strategy /
marketing Arrangements.
- Manpower plan.
- Future plans.
- Brief write up on the
parent Company and the activities proposed to be carried
out by the Indian entity. (In case foreign equity
participation)
- List of Capital goods
proposed to be procured from abroad and within India.
- Details of foreign
collaborator (whether financial or technical)
- Copy of floor plan of
the Unit certified by an architect.
- Copy of the rent
agreement if any.
- Copy of invoice of the
Internet service provider.
- Financials statement like.
- Cost of project & Means
of finance.
- Projected P&L A?C.
- Projected Balance Sheet.
- Projected Cash flow/fund
flow statement.
- Export workings- (As per
Transfer Pricing guidelines where ever applicable)
- Financials for a 5 year
period projecting income from operations, Capital
expenditure & cash Flows.
- Detail for aggregate
foreign exchange comings & outgo for first 5 years.
- Detail for estimated
numbers of employees and wage bill for first 5 years.
- Other documents like
- Copy of service
agreement signed with parent company / clients/ PO with
clients/ Master service Agreement.
- Initial application
processing fee of INR 2,500
Advances services charges of INR 50,000 at the time of
executing the legal agreement. Service to be paid annually
as per the following slabs.
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| 1. |
Exports upto Rs.50.00 lacs per annum |
Rs
15,000/ per annum |
| 2. |
Exports above Rs.50.00 lacs per annum but upto Rs.300.00
lacs |
Rs.50,000/ per annum |
| 3. |
Exports above Rs.300.00 lacs per annum |
Rs.1,00,000/ per annum |
Annual charges for 3 years are
payable in advance. At the time of signing the Legal
undertaking, the unit is required to pay additional fees as
per the turnover achieved if achieved if achieved turnover in
more than the projected turnover. Note: Once the legal
agreement has been executed then a request letter has to be
sent to ht STPI for issue of the Green Card.
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