Startup Registration in India: Register your Startup

It is very clear that the Startups in India are becoming very popular. The government running under the leadership of PM Narendra Modi has begun with various goals to promote and develop Startups in India. It mainly intends to build a strong connecting networks that is helpful for the growth of startups.

It basically aims to enrich and enlighten the startups through technology and innovation. This scheme mainly helps for the growth of Indian economy. Under the Startup Registration in India, many entrepreneurs who are establishing new startups have witnessed and experienced many benefits. These are the 5 main steps that to be followed in order to get the startup registered, which will be cracked in this blog.

What is Startup Registration in India?

Startup India offers a streamlined process for entrepreneurs to register their businesses in India. By registering with the Department for Promotion of Industry and Internal Trade (DPIIT), startups can benefit from various advantages, including tax exemptions, easier access to capital, and relaxed regulatory compliances.

The registration process itself is fairly straightforward and can be completed online. To get started, you’ll typically need to choose a business structure, obtain a Director Identification Number (DIN), and file incorporation documents.

How to setup a startup with Startup Registration in India?

Steps to register the startup with Startup India
  • Step 1: Incorporate your Business
    • First and foremost one must incorporate one’s business as a Private Limited Company, Limited Liability Partnership (LLP) firm or partnership firm.
    • The registration of a startup is same as the way of registering any other company. It is mandatory to follow all the procedures that is required for registering the startup.
  • Step 2: Register with Startup India
    • To get registered for the startup under the Startup India scheme it is instructed to visit the Startup India website and click on the register button.
    • And further, it should be followed as per given instructions like providing the applicants name, address, email id etc.
    • Once the profile is created, the applicant can look into various government schemes for the incorporation of Startup.
  • Step 3: Get DPIIT Recognition
    • The next step as soon as creating the profile on the startup India website is to get the Department for Promotion of Industry and Internal Trade (DPIIT) recognition.
    • This recognition helps the startups in many ways like access to the high-quality intellectual property services and various resources, gives relaxation in public procurement norms, provides self-certification under labour and environment laws, etc.
  •  Step 4: Documents for Registration
    • Incorporation or the Registration Certificate of the startup.
    • Proof of funding of the startup (if any).
    • Authorisation letter of the authorised representative of the particular Startup company, LLP or Partnership firm.
    • Proof of concept like website link or video patent and trademark details, if any.
    • List of awards or certificates of recognition of the startup (if any).
    • Permanant Account Number (PAN) of the startup.
  • Step 5: Recognition Number
    • After completing the above steps, the recognition number is provided.
    • The certificate of recognition will be issued once all the examination of the submitted documents is done.
    • It is usually done within two days after the form is submitted.

Conclusion

In conclusion, startup registration in India offers a promising path for entrepreneurs looking to establish and grow their businesses. By following the five steps outlined above, which include incorporating your business, registering with Startup India, obtaining DPIIT recognition, submitting required documents, and receiving your recognition number, you can unlock the valuable benefits associated with this government program.

Startup registration in India streamlines the process, grants access to helpful resources, and fosters an environment that encourages innovation and economic development.

With the help of professional services like 24efiling, navigating startup registration in India can be a smooth and efficient experience.

FAQs
1. What is Startup Registration in India?

Startup Registration in India is the procedure by which a new company venture can gain recognition and access to numerous incentives provided by the Government of India’s Startup India programme. This effort intends to stimulate entrepreneurship and innovation by making it simpler for companies to comply, giving financial support, and other incentives.

2. Who is eligible to register under Startup India?

A company must meet the following requirements to be eligible for Startup India Registration:
• The business should be set up as a Private Limited company, a partnership firm, or a LLP.
• It must be less than ten years old as of the date of formation.
• Its annual revenue for any fiscal year since its inception shall not exceed INR 100 crore.
• The entity should be working on product innovation, development, or enhancement, or have a scalable business model with a strong potential for job creation or wealth creation.

3. How can a startup register under the Startup India initiative?

Startups may register for the Startup India programme by taking the following steps; Go to the startup India portal, complete the application form, documents must be submitted, startup recognition number.

4. What benefits do startups receive after registering under Startup India?

Startups who register with Startup India receive a variety of incentives, including: tax advantages, simplified compliance, financial assistance, intellectual property support, networking and collaboration and, government tenders.

5. How long does it take to get Startup India recognition?

The time it takes to get recognized by startup India might vary. Depending on the amount of applications and the verification procedure, it might take anything from a few weeks to a few months.

6. Can foreign startups register under Startup India?

Only Indian firms were allowed to register under Startup India. Foreign startups were not eligible for Startup India perks.

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