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What is startup India?
According to the current scenario, startups are becoming famous in India. In the matter of developing a better Indian economy and attract talented entrepreneurs, the Government of India has started and promoted the Startup India initiative to recognized and promote startups.
Process for Registration Under Startup India
Step 1:- Incorporate your business
First of all in Startup India Registration Process, you need to incorporate your business as a Private Limited Company or a Limited Liability Partnership, or a Partnership firm. You need to follow the normal procedure that guides you to fill out a form to get the registration.
Step 2:- Register under Startup India
Now you are required to register your firm or company as a startup in the Startup India scheme of the government. You are required to fill the form available for you on the Startup India website. You have to fill out all the details and upload a certain number of documents as well.
Step 3:- Eligibility criteria for startup India registration
- The company must form a private limited company or limited liability company
- The firm must get approval from the Department of Industrial Policy and Promotion
- The company must have a recommendation letter by:- Registration or Incorporation Certificate.
- The company must have innovative products
- The company must be new but not older than 5 years
- The turnover must not exceed over Rs. 25 crores
Step 4:- You are required to mention if you need tax exemption
In India, startups do not have to pay income tax for the first three years but to avail of such advantages, the company must be certified by the Inter-Ministerial Board(IMB). this is where companies registered with DIPP get relaxation as the registration is enough to get the advantages.
Step 5:- Self-certification of the following conditions
- You are an LLP, a Private Limited Company, or a partnership-firm.
- Your business must be incorporated or registered in India not prior to 5 years.
- Your company’s turnover should not more than Rs 100 crore.
- The company has to keep innovating something latest or making the existing system better.
- Your business should be a fresh idea and not a splitting up or reconstruction of an existing business.
Step 6:- Get your recognition number
- On the application of the startup registration, you will get a recognition number with immediate effect. You will get the certificate of registration or incorporation only after the authority goes through all your uploaded documents.
- You need to be careful while uploading the data, as any discrepancy in it can cause you a large fine of up to 50% of your paid-up capital of Rs 25,000 at very least.
- Now at this step, you know the Startup India Registration Process and eligibility criteria for a startup, enroll your company as well into the startup India scheme and reap all the benefits provided by the government. The Startup India Registration Fees start with Rs. 5,999 and get a free consultation from the experts of EntrepreneurCell.
Documents required for Startup India Registration
- Certificate of Incorporation/ Registration Certificate and PAN
- Mobile number and Email ID
- Company details such as sector, category, industry, regd. Office address etc.
- Partners/directors details such as Photo, gender, name, mobile no. Email ID, and full address
- Details of Authorised Representative such as Name, designation, mobile no, email ID.
- A brief about business and services/products and notes on innovations
- Revenue model and uniqueness of the product
- Video/Website/Patent/Deck/Pitch(anyone)
It is a very easy and simple step to follow for Startup India Registration thanks to various government initiatives. However, you can focus on your key area while we at EntrepreneurCell help you from start to finish right from incorporating your company to getting your startup recognition.
What are the benefits of the Shop and Establishment Act?
- A shop or establishment registration certificate acts as a legal entity proof that gives businesses the right to operate in a specific state.
- The certificate acts as legal proof to open a current business bank account.
- You can quickly reach out to the state government inspections which is on license and proper working of the business if you have the certificate.
- The Shop and Commercial Establishment Registration opens the gateway to the government benefits for small businesses which are set up by the department of industries and commerce.
Sample Certificate Of Startup India Registration
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Why Choose EntrepreneurCell for the Startup India
Entrepreneurcell is one of the remarkable and trustworthy companies which provides progressive services for Startup India Registration. We are committed to providing the following strategies to every food product business are as follow:-
- Startup India Registration in a very less time frame
- Full and extensive support in filling up Startup India Registration
- Get full assistance on getting the Startup India Registration
- Restrain through the whole registration procedure
- Answers for all your questions and concerns
These are some of our commitments, so what are you waiting for? Join hands with us to know more about our services and start your own Startup India Registration business in very little time and come in the market soon.
Frequently Asked Questions
According to the current scenario, startups are becoming famous in India. In the matter of developing a better Indian economy and attract talented entrepreneurs, the Government of India has started and promoted the Startup India initiative to recognized and promote startups.
- Certificate of Incorporation/ Registration Certificate and PAN
- Mobile number and Email ID
- Company details such as sector, category, industry, regd. Office address etc.
Usually It Takes 4 to 5 Working Days
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