What is Startup Registration: Register Startup in Bangalore

Startups in India are growing rapidly along with their popularity. Prime Minister Narendra Modi has begun this scheme Startup India with various goals to promote and develop Startups in India. Its foremost objective is to build a strong connecting network that is helpful for the growth of startups and also aims to enrich and enlighten startups through technology and innovation. These startups mainly help the growth of the Indian economy. This blog gives you an idea oh what is Startup Registration and how one can register a startup in India!

What is Startup Registration?

Startup Registration in India isn’t a separate process from registering a business, but rather an additional step to gain benefits. Entrepreneurs first incorporate their company and then register with the Startup India program. This unlocks advantages like tax breaks, simplified compliance, and easier access to intellectual property protections. It’s a crucial step for startups to secure government support and thrive in the Indian market.

Steps for Startup Registration

• Step 1: Incorporate your Business
  • First and foremost it is quite important that one must incorporate one’s business as a Private Limited Company, Limited Liability Partnership firm or partnership firm.
  • The registration of a startup is the same as the way of registering any other company. It is mandatory to follow all the procedures that are required for registering the startup.

• Step 2: Register with Startup India
  • To get registered as a startup under the Startup India scheme it is instructed to visit the Startup India website and click on the register button.
  • It is very necessary to follow the instructions provided on that website like providing the applicant’s name, address, email ID, etc. once the profile is created, etc.

• Step 3: Get DPIIT Recognition
  • The next step is creating a profile on the Startup India website to get the Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This recognition definitely helps startups in various ways.

• 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 authorized representative of the particular startup company, Limited Liability Partnership (LLP), or Partnership firm.
  • Proof of concept like website link or video Patent and trademark details, if any
    • Certificates of recognition of the particular startup (if any).
    • Permanant Account Number (PAN) of the startup.

• Step 5: Recognition Number
  • After completing the above steps, the recognition number will be provided.
  • The certificate of recognition will be issued once all the examination and analysis of the submitted documents is done.
  • It is usually done within two days once the form is submitted.

What is Startup Registration benefits?

In order to get benefits, it is mandatory for the startup to get recognition from the DPIIT (Department for Promotion of Industry and Internal Trade).

• Startups have a great benefit in that they are allowed to self-certify their compliance with six labor laws along with three environmental laws.
• This is allowed only for a total period of five years from the date of recognition and incorporation of the entity.
• Startups are exempted from tax for 3 consecutive financial years.
• The best intellectual property services and resources solely. Completely help startups by protecting and commercializing their intellectual property rights.

Hence, now it is very clear that startup registration is very helpful for entrepreneurs and give them great benefits after getting registered. It is also to be kept in mind that in order to get the benefits, the startup must have the DPIIT recognition.

Conclusion

In conclusion, what is startup registration is a process that unlocks a treasure trove of benefits for entrepreneurs in India. By registering and obtaining DPIIT recognition, startups gain access to tax exemptions, simplified compliance procedures, and valuable intellectual property protections. This supportive ecosystem empowers startups to focus on innovation and growth, ultimately contributing to India’s economic prosperity.

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