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Startup India Registration

#DPIIT Recognition Certificate

Unlocking the Power of Startup Registration in India

India’s startup ecosystem is thriving, with innovation and entrepreneurship at the forefront of its economic landscape. As the nation fosters a culture of innovation and supports new businesses, one key avenue stands out as a game-changer for startups: startup registration under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT). This registration, offered by the Government of India, provides a plethora of advantages for emerging businesses.

Startup India Registration

Why Register as a Startup in India?

Startup registration in India is more than just a formality; it’s a strategic move that unlocks a host of benefits, making it an essential step for entrepreneurs and innovators. Here are some compelling reasons why startup registration should be a priority for any emerging business:

  • DPIIT recognition enhances a startup’s global profile. It can make it easier to attract foreign investments, partnerships, and customers, helping startups expand beyond Indian borders.

Here are the 10 most important benefits of Startup India Registration in India:

1. Access to Funding:

One of the most significant benefits of Startup India registration is the access to funding opportunities. Registered startups can avail various government schemes, including funding and financial assistance through the Fund of Funds for Startups (FFS) with a corpus of INR 10,000 crores, which provides equity funding support for early-stage startups.

2. Tax Exemptions:

Registered startups can benefit from several tax exemptions, including a three-year income tax holiday under Section 80 IAC of the Income Tax Act, and exemption from tax on capital gains invested in a notified fund or startup.

3. Ease of Compliance:

Startups under the Startup India scheme are subjected to simplified compliance norms, which include easier regulatory filings, and self-certification under labor and environmental laws, reducing the compliance burden significantly.

4. Government Tenders:

Startups registered under Startup India have preferential access to government tenders. They are exempted from prior experience and turnover criteria, making it easier for young companies to compete with established players.

5. Networking Opportunities:

Registered startups gain access to various networking opportunities through national and international startup events, conferences, and workshops organized by the government and private sector. These events provide a platform for startups to showcase their products and connect with potential investors, mentors, and customers.

6. Intellectual Property Rights (IPR) Support:

The Startup India program provides startups with expedited patent examination, reduced patent filing fees, and assistance through IP facilitators. This support helps startups protect their innovations and manage intellectual property efficiently.

7. Incubation and Industry Partnership:

Startup India facilitates connections with established incubators and industry partners. This includes mentoring, training, and workspace support, helping startups to develop their business models and scale operations effectively.

8. Credit Guarantee Fund:

The government provides a credit guarantee fund for startups through the National Credit Guarantee Trust Company (NCGTC) to help startups secure collateral-free loans, thus addressing the issue of lack of access to traditional financial institutions.

9. Faster Exit Process:

In case a startup needs to wind down, the Startup India initiative provides an easy and quick exit process. The Insolvency and Bankruptcy Code (IBC) has provisions for fast-track closure of startups, allowing them to close within 90 days of filing an application for insolvency.

10. Public Procurement Benefits:

Registered startups can avail various public procurement benefits. They are eligible for exemptions in certain categories and can participate in public procurement markets, allowing them to work on government projects and boost their growth.

These benefits collectively aim to foster a robust startup ecosystem in India, encouraging innovation, entrepreneurship, and economic growth. By reducing regulatory burdens and providing financial and technical support, the Startup India initiative creates a conducive environment for startups to thrive and succeed.

Relax don’t worry. This is an online process. “Simply focus on your work and leave the legal details to us.”

Startup India Registration

Startup India Registration

Service Covered

  • Drafting documents
  • Filing of forms with Authorities
  • Documented Follow-up
  • Business hours – CA support

How It’s Done

  • Purchase of plan
  • Upload documents on Vault
  • Drafting of documents
  • Submission of documents and applications to the Department
  • Receipt of Registration letter

Documents

1. Certificate of Incorporation / Registration Certificate and PAN

2. Email ID and Mobile number

3. Company Details (Industry, Sector, Category, Regd. Office Address etc.)

4. Directors/Partners Details (Name, Photo, Gender, Mobile No. Email ID, Full Address)

5. Details of Authorized Representative (Name, Designation, Mobile No. Email ID)

6. A Brief about business and products/services and notes on innovations

7. Revenue Model and Uniqueness of the Product

8. PatentTrademarks and/or Design registration

Timeline

 

  • Address Suite #1 Patel House Near Govt. Rest House Pen 402107

Office Details

Who can register with Startup India?
An entity incorporated as a Private Limited Company, Partnership Firm, or Limited Liability Partnership can register themselves under the Startup India scheme. The annual turnover of these business entities should not exceed 100 crores, and they should have been in existence for up to ten years from the date of their incorporation/ registration. Such an entity should be working towards innovation, development, or improvement of products or services, or processes.
What are the benefits of signing up with Startup India?
There are several benefits that Startups can receive from the Startup India Scheme. However, in order to avail of these benefits, an entity needs to be recognized by the DPIIT as a startup.Startups are allowed to self-certify their compliance with six labor laws and three environmental laws. This is allowed for a total period of five years from the date of incorporation/registration of the entity. Startups are allowed a three-year tax exemption and the best intellectual property services and resources are solely built to help startups protect and commercialize their IPRs.
What kind of business structure should I choose for my startup?
The most preferred business structures for a startup are Private Limited companies and LLP''s. A Private Limited company is legally recognized and generally favored by investors. However, it has stricter compliance and may have a higher cost of incorporation.Whereas incorporation cost is lower for LLPs and they tend to have relaxed compliance in comparison to Pvt. Ltd. Co. In addition to that, LLPs have limited liabilities and are equally recognized by investors all over the world.
What can I do to attract investors for a start-up?
To attract investors, not only do you need a stellar product with a scalable model, but you also need visibility. Make sure that your product receives healthy engagement and traction. You’ll need to register your startup on Startup India and proactively seek out investors. Make sure you can effectively communicate your business idea to the investor and the sustainability of your business model.
Can a foreign company register under the Startup India hub?
Any entity that has at least one registered office in India can register itself on the hub, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.
What is the difference between an accelerator and an incubator?
Startup incubators are typically institutions that help entrepreneurs develop their businesses, especially in the initial stages. The incubation function is usually carried out by institutions that have experience in the business and the tech world.Startup accelerators support early-stage, growth-driven companies. These programs usually have a timeframe in which individual companies spend anywhere between a few weeks and a few months working with a group of mentors who are educated and may also provide financial help.
For how long is a company recognized as a startup?
Any business entity that has completed 10 years from the date of its incorporation/registration, and has exceeded the previous year's turnover of 100 crores shall stop to be a startup on completion of 10 years from the date of its registration/incorporation. Can an existing entity register itself as a “Startup” on the Startup India Portal? Yes, as per the law an existing entity can register itself as a startup, provided that it meets the prescribed criteria for a startup. They will also be able to avail various tax and IPR benefits that are available to startups. The criteria are the same as those mentioned in the article above. Once the application is complete, and the startup gets recognized, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.
How do I know my registration is complete?
Once the application is complete, and the startup gets recognized, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.

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