Application to Software Technology Parks of India (STPI) to set up a 100% Export Oriented Unit (EOU).
Documents to be submitted includes:
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:
a. Company profile.
b. Promoter’s background.
c. Units Area of expertise/Services offered.
d. Marketing Strategy / marketing Arrangements.
e. Manpower plan.
f. Future plans.
g. Brief write up on the parent Company and the activities proposed to be carried out by the Indian entity. (In case foreign equity participation)
h. List of Capital goods proposed to be procured from abroad and within India.
i. Details of foreign collaborator (whether financial or technical)
j. Copy of floor plan of the Unit certified by an architect.
k. Copy of the rent agreement if any.
l. Copy of invoice of the Internet service provider.
Financials statement like.
a. Cost of project & Means of finance.
b. Projected P & L A/C.
c. Projected Balance Sheet.
d. Projected Cash flow/fund flow statement.
e. Export workings- (As per Transfer Pricing guidelines where ever applicable)
f. Financials for a 5 year period projecting income from operations, Capital expenditure & cash Flows.
g. Detail for aggregate foreign exchange comings & outgo for first 5 years.
h. Detail for estimated numbers of employees and wage bill for first 5 years.
Other documents like
a. 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.
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.
Once the legal agreement has been executed then a request letter has to be sent to STPI for issue of the Green Card.