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Startup India Registration

"GST registration is essential for legal business operations and unlocking tax benefits."

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Startup India Registration

Ready to start your business in India? A flagship program of the Indian government, Start-up India aims to empower and assist business owners like you. Many advantages, such as tax exemptions, streamlined compliance procedures, and a range of funding opportunities, are available to you by registering with Start-up India. This startup registration helps you grow and thrive in a cutthroat market by connecting you to a strong network of resources and support systems in addition to legally establishing your company.

The Start-up India Scheme

The Indian government's Startup India initiative aims to support the expansion and advancement of companies throughout the nation. The main goal of the Startup India program, which was introduced in 2016, is to develop a flourishing startup ecosystem and establish India as a world leader in innovation. Startups can get numerous advantages by completing the Indian startup registration process.

Startups' DPIIT Registration

The Department for Promotion of Industry and Internal Trade (DPIIT), a division of the Ministry of Commerce and Industry, Government of India, has the authority to designate qualified enterprises as Startups under the Startup India program. A startup is entitled for a number of incentives described in the Startup India initiative after it receives DPIIT recognition.

A start-up must fulfil the following requirements in order to be registered in India, be eligible for DPIIT registration, and receive advantages from Startup India:

i) Business Structure: The startup needs to be set up as a partnership business, limited liability partnership (LLP), or private limited company.
ii) Startup Age: The startup should have been incorporated no more than ten years ago. Startups in the biotechnology industry, however, have a maximum of 15 years.
iii) Annual Revenue: In every financial year since its founding, the startup's annual turnover cannot surpass INR 100 crores.
iv) Innovative Approach: The startup's goal must be to use technology or intellectual property to invent, develop, implement, or market new goods, services, or processes.
v) DPIIT Recognition: The Department for Promotion of Industry and Internal Trade (DPIIT) must provide the startup an India startup certificate.
vi) Legal Compliance: The business must abide by all applicable laws, including the Income Tax Act, the Companies Act, and the Goods and Services Tax Act. It must also keep a bank account in the company's name and supply these data when registering with the DPIIT.
vii) Job Creation: The start-up should support the goal of the Startup India program, which is to increase employment in the nation, by either creating jobs now or having the capacity to do so in the future.

Benefits under startup India scheme

Design registration, trademarks, and patents

A government-approved list of facilitators is available to start-ups who need to obtain patents for their inventions or trademarks for their company. Startups can save 80% on fees by working with these facilitators, which just pay the statutory charges.

Financial Assistance

Numerous companies encounter difficulties obtaining funding because of their inexperience, lack of security, or inadequate cash flows, all of which present a significant risk to possible investors. The government has established a fund to address this, with an initial corpus of Rs. 2,500 crore and a four-year target of Rs. 10,000 crore. By investing in the capital of SEBI-registered venture funds, this fund, acting as a Fund of Funds, indirectly supports companies with funding.

Self-certification in accordance with labor and employment laws

Startups can lower the burden of compliance and related expenses by self-certifying compliance with certain labor and environmental standards. For three to five years after incorporation, start-ups are permitted to self-certify under three environmental regulations and six labor rules.

Acts Concerning the Environment Exemption

Under three specific legislation, start-ups in the 36 industries that the Central Pollution Control Board has designated as "white" are exempt from some environmental approvals for a maximum of three years.

Tax Exemption

During the first 10 years after formation, startups that have received DPIIT recognition are eligible for an income tax exemption for three consecutive financial years. Additionally, under Section 56 of the Income Tax Act, entrepreneurs can petition for an exemption from angel tax. This is especially advantageous for early-stage companies that receive external equity investments at valuations higher than their fair market value.

Simplified Winding up

Startups that must stop operations have a hassle-free exit strategy because they can shut down their operations within 90 days of submitting their application.

Relaxed Guidelines for Public Procurement

Startups approved by DPIIT are exempt from the usual requirements for prior turnover and experience, allowing them to compete in public procurement. This creates a lot of commercial prospects with ministries, government agencies, and public sector projects.

Startup India Registration

Register Your Company

Start by incorporating your company. A Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP) are some of the structures from which you might pick. This entails sending a registration application to the relevant authority together with the required paperwork and payment.
i) LLP, or private limited company: Submit your application for registration to the Registrar of Companies (ROC).
ii) Partnership Company: Send the Registrar of Firms your application for registration.
A Startup Certificate of Incorporation or Partnership registration, attesting to the legal establishment of your company, is required for both forms of registration.

Sign up with Startup India

You can register your company as a startup on the Startup India website after it has been incorporated. You must provide specific documents, such as a synopsis of your goods and services and information about your company structure, along with a completed form on the Startup India page.

Register for DPIIT

Obtaining recognition from the Department for Promotion of Industry and Internal Trade (DPIIT) is a crucial next step after creating your profile on the Startup India website. As said earlier, DPIIT recognition is very beneficial to entrepreneurs.

To apply for DPIIT Recognition, go to the "Apply for DPIIT Recognition" option under the "Recognition" page on the Startup India website after logging in with your registered profile credentials.

You will be taken to the National Single Window System (NSWS) website if you select "Apply for Company or LLP." To start the DPIIT registration procedure, businesses and limited liability partnerships need to register and add the "Registration as a Startup" form.

Get Your Recognition Number in Startup India

You will be given a DPIIT recognition number as soon as you submit an application for registration. This is a first acknowledgement that your application has been received. Following a comprehensive evaluation of all the documentation you submitted, the appropriate government will award the official Startup India Certificate of Registration. This Startup India certificate certifies that your startup satisfies all required eligibility and compliance requirements, serving as your official acknowledgement under the Startup India initiative.

After obtaining the DPIIT certificate, you can apply for a number of Startup India program benefits, including IPR services, patent filing, and tax deductions under the Income Tax Act.

Documents for registration

i) Your startup's incorporation or registration certificate.
ii) A letter of authorization from the company's, LLP's, or partnership firm's authorized representative.
iii) A proof of funds, if any
iv) A proof of concept, such as a pitch deck, website link, or video (for a startup in the validation, early traction, or scaling stages).
v) If applicable, patent and trademark information.
vi) List of honors or recognition certificates, if applicable.
vii) PAN card

  • FAQ
1. What is a start-up in India?

In India, a company is considered a start-up if:
i) It is incorporated as a limited liability partnership (LLP), partnership firm, or private limited company.
ii) Less than ten years existence after the incorporation date.
iii) A yearly turnover of no more than INR 100 crores.
iv) Seeking to develop, innovate, or enhance goods and services with scalable business models.

Among the main advantages are:
i) Self-certification: Regarding environmental and labor regulations.
ii)Tax exemptions: Subject to certain restrictions, income tax exemptions are granted for the first three years.
iii) Simple exit options: A streamlined winding up and closure procedure.
iv) Government Programs: Obtaining capital through government-supported programs such as the Fund of Funds for Start-ups (FFS).
v)Benefits of IPR include accelerated patent application processing and lower patent fees.

To gain recognition for your startup, take these actions:
1. Register your company: Your Company must first be incorporated as a partnership, LLP, or private limited company.
2. Submit an application for honors: Use the official Startup India portal (startupindia.gov.in) to submit an application. The following documents are required:
a) A partnership deed or certificate of establishment.
b) A synopsis of the product or service and the business model.
c) A brief explanation of your startup's innovative features.
3. Self-certification: To ensure adherence to environmental and labor regulations.
4. Submit application: Following submission, the application will be examined and, if qualified, your startup will be acknowledged.

You must fulfill the following requirements in order to be considered for startup recognition:
i) Your company ought to be creative, scalable, and focused on creating new goods and services.
ii) It must be younger than ten years old.
iii)The annual turnover should not exceed INR 100 crores.
iv) You need to be incorporated as a partnership, private limited company, or limited liability partnership.
v) You can't have copied an already-existing company plan.

In India, the procedure for registering a startup usually entails:
1. Incorporation: Register your business as a partnership, LLP, or private limited company.
2. To submit forms online, get a Digital Signature Certificate (DSC).
3. Request a Director Identification Number (DIN) for the directors of the business.
4. Depending on the sort of business, register for GST (if applicable) and any other licenses that are required.
5. Use the Startup India platform to submit an application for startup recognition.

i) An income tax exemption for three of the seven years following the date of formation (as long as the turnover doesn't surpass INR 100 crores) is one of the tax perks available to recognized startups in India.
ii) Exemptions from taxes on capital gains from startup investments.
iii) Angel investors are eligible to seek tax deductions under Section 80IAC of the Income Tax Act.

A number of government programs are available in India to assist entrepreneurs in raising capital,
i) Including the Fund of Funds for entrepreneurs (FFS), which offers funding to businesses via accredited venture funds.
ii) Early-stage enterprises can receive funding under the Startup India Seed Fund Scheme.
iii) Programs and incentives supported by the government to encourage entrepreneurship and innovation in startups.

To apply for cash and grants from the government:
1. Create an account with Startup India.
2. Use the Startup India portal to verify your eligibility for the different schemes.
3. Send a proposal to the appropriate program or financing organization.
4. Verify that your startup satisfies all requirements, including those for innovation, scalability, and job generation.

A government program called Startup India Hub aims to help mentors, investors, and businesses network, collaborate, and share expertise. It offers the following services:
i) Business advisory.
ii) Possibilities for networking with investors and other companies.
iii) Access to a range of government programs and assets.

Yes, foreign businesses that fulfil the requirements stipulated by the government for startup recognition are able to register as startups in India. According to Indian law, foreign entities must abide by the rules governing foreign direct investment (FDI).

i) Fast-tracked trademark and patent registration is advantageous for startups.
ii) Lower costs for services related to intellectual property, such as filing patents.
iii) Encouragement of IPR commercialization through government initiatives.

For startups, the government has established a Fast Track Exit Scheme that enables companies to shut down operations rapidly.
1.Making a declaration for the business's winding up is the first step in the procedure.
2.Fulfilling legal obligations, including shutting accounts and paying debts.