The Ultimate Guide to Startup India Registration: Everything You Need to Know
It is always wonderful to be a start up which as all the prospects and risks that attend any business venture. The government of India has come up with start up India to inspire more individuals to start their own businesses by giving them incentives such as tax reliefs, grants and ease of doing business. If you are intending to Register a Startup Company in India then this startup India registration tutorial will guide you through the process of concern of Startup India registration, hiked advantages of it and how to manage the professional startup India registration advisors for making the process easier.
What is Startup India?
Startup India is an umbrella mission launched by the Government of India in 2016 with the focus on entrepreneurial eco-system innovation. It is – through the provided resources and incentives – designed to assist startups to compete effectively within the market.
Advantages of Startup India Registration
Tax Exemptions: The Startup India program also provides certain policies where the startup can get the incomes tax exemptions up to three consecutive financial years. This eliminates costs and enables organizations to recycle their profits back into expansion.
Easier Compliance: Some of the compliance burdens are eased by the program where startups will be allowed to self-certify under labor and environmental laws.
Funding Opportunities: Startups that register stand a chance to benefit from the Startup India Fund of Funds that enables the startups to be funded from venture capitalists and angel investors.
Government Tenders: New companies can submit bids for government contracts without previous experience since Startup India registration enables the firms.
Intellectual Property Support: The government has introduced incentives that include supporting faster processing of patent applications and a 80% rebate on the patent filing fees.
Networking Opportunities: Startups obtain certain privileges to enroll at networking events, mentorship sessions, and workshops mainly because of the connections they form.
Startup India: Eligibility Requirements
Before applying for Startup India registration, it is essential to ensure that your business meets the eligibility criteria:
Business Age: The entity cannot be more than 10 years from the date of its incorporation as determined from the articles of incorporation.
Type of Entity: It must be a Private Limited Company, Partnership Firm, or an LLP company.
Annual Turnover: Any annual turnover of the business should not cross ₹250 crores.
Innovation or Improvement: The business should be involved in product development or improvement or in enhancing services and has the capability for creating employment or wealth.
Original Entity: It was important so that the startup is not a result of a spin off or a rebuild of an existing business venture.
How to get Startup India Registration
Follow these steps to successfully complete online registration for Startup India:
1. Incorporate Your Business
2.The initial requirement is to obtain the registration from the Ministry of Corporate Affairs (MCA) at least as a Private Limited Company, Partnership Firm or LLP. Ensure you have all necessary documents, such as:
3.Certificate of Incorporation
4.PAN card
5.Address proof of the business
6.Register with the Startup India Portal
New user must register on the official Startup India website (www.startupindia.gov.in) to get access to the application form. Once registered, fill in the required details about your business, including:
Name of the entity
Industry type
Stage of the business
Details of the founders
Submit the Application
Then you have to go to the user login section and enter your account information and click on the Application for DPIIT Recognition. Fill in the application form with the following details:
Business description
Nature of innovation
Revenue model
Business plan
4. Upload Supporting Documents
You will need to upload documents such as:
Incorporation/registration certificate In case of companies incorporated or registered under any law for the time being in force in India, the incorporation /registration certificate.
An incubate letter from an incubator or any industry association
Descendants of the Brand name, year of registration, patent number and trademark information if any.
Explanatory work done on ‘bow the startup fits into the innovation criteria’.
5. Await Approval
After you have processed and submitted the application, the same is forwarded to the Department of Promotion for Industries and Internal Trade (DPIIT). Once you acclaimed them , you will be rewarded a certificate of recognition.
The Role and Function of Startup India Registration Consultants
Although the process of registering for Startup India is quite easy, one might need some time to do it and also to submit quite many documents. This is where startup India registration consultants come in But first, free setup to live, creative and financial testing of new and unique business ideas. These professionals offer:
Expert Guidance: A consultant is up to date with the eligibility criteria and the type of documentation that may be needed hence making sure that the form is filled well and any necessary documentation is submitted.
Time-Saving Solutions: They do all the paperwork, thereby freeing the business personnel to concentrate on business undertakings.
Compliance Assurance: To avoid your business being rejected, consultants make sure that all legal requirements have been fully adhered to.
Post-Registration Support: Some offer GST registration services besides trademark filing and legal compliance among others.
Some of the most frequent issues people face while filing for Startup India registration include
Incomplete Documentation: Overlooking or submitting the wrong documents results to rejection or undue time delays.
Misunderstanding Eligibility Criteria: Applicants frequently misunderstand some of the criteria, and this is why their applications may fail.
Technical Issues: At some point, first-time users can find it slightly complex to move around the online portal.
Why to choose Services Plus for the Startup India Registration?
At Services Plus, we provide startup company registration services for Indian companies with a one-stop solution for the business. Our services include:
Hassle-Free Registration: Our professionals prepare all of the necessary documents and file them on a client’s behalf.
Customized Solutions: We specialise in providing solutions that will suit your new business most.
Affordable Packages: We have provided economical solutions without a compromise in the quality of our products and services.
Dedicated Support: This team gives constant support in that we have to meet all the legal and regulatory measures.
Conclusion
Calling your startup under Startup India is a huge advancement towards opening up growth streams and availing government opportunities. Following the above mentioned steps and consulting experienced startup India registration consultants will help in avoiding any hiccups to the whole process.
Services Plus presents you with all the information you need about online registration of startup India as well as the procedures on how to register a startup company in India. Don’t wait any longer – start the journey to your perfect business now!
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