Startup Registration
Startup Registration in India
Choose Your Plan to Get Started Now...
Intro
₹ 12,999/-
All-inclusive Price for Startup Registration
- Expert Consultation
- Drafting & Filing Online application
- 24/7 - Call & Chat Support
- Frequent Updates through your account
Base
₹ 17,499/-
All-inclusive Pricefor Startup Registration with Trademark Registration
- Expert Consultation
- Drafting & Filing Online application
- 24/7 - Call & Chat Support
- Frequent Updates through your account
Got Queries?
As per the following timeline, your selected plan will be processed
Day 1-3
We collect necessary information & documents.
Day 4-6
We prepare all the requirements for application.
Day 7-8
We proceed to submit the application with Authority Online.
Finally
Government processing time.
Startup Registration: An Overview of the Startup India Scheme
India’s Startup India initiative aims to catalyze the startup culture in the country and create a robust innovation and entrepreneurship ecosystem. Since its launch on 16th January 2016, Startup India has launched several initiatives to support entrepreneurs and transform India into a country of job creators instead of job seekers.- A better regulatory environment, including tax benefits, more efficient ways of setting up a company, faster exit mechanisms, and more. – Enhanced infrastructure, including incubation centres, are the perks of startup registration.
Young Indians today have the conviction to venture out independently, and a conducive ecosystem lets them watch their ideas come to life. In today’s environment, we have more Startups and entrepreneurs than ever before, and the movement is at the cusp of a revolution. However, many Startups do not reach their full potential due to limited guidance and access.
What are the benefits of Startup Registration?
Tax Exemption
An entity registered under this scheme is eligible to apply for a tax exemption under section 80 IAC of the Income Tax Act. And also that meets the following requirements can avail tax exemption for 3 consecutive financial years out of the first 10 years from incorporation: (1) It should be a Private Limited Company or Limited Liability Partnership. (2) It should be incorporated between 1st April 2016 and 1st April 2021.
Exemption from angel tax
Tax exemption benefits are available to Startup India recognized entities from investment funds received as angel capital. The exemption is only granted if the paid-up share capital and share premium are not more than Rs. 25 Crore after the proposed share issue. The entity must fulfill certain conditions to qualify for this exemption.
Fee rebate for trademark and patent applications
Startups registered under this scheme can receive a rebate on government fees associated with filing a trademark application of 50%. You can also get up to 80% off patent applications with fast-tracking of applications.
Self Certification
For five years from the date of incorporation, startups can self-certify their conformity with six labour laws and three environmental laws.
List of Documents Required for Startup Registration
- Business Incorporation Proof
- PAN Card of the Business
- MoA & AoA ( if applicable)
- Directors or Partners with their contact info & photographs
- Website or any social media links
- Details of the Investor (if any)
- Intellectual Property Registration (pending too)
- Annual Statement & ITR of the Company/firm to claim tax exemption.
Here Are Some Frequently Asked Questions
What are the stages in Startup Registration?
Step 1: Incorporate your Business
First, you need to incorporate a Private Limited Company, a Partnership firm, or a Limited Liability Partnership. Then the business must be registered as a startup on the Startup India website after the required information is filled on the website. Your Startup India profile will be created.
Step 2: Get DPIIT Recognition
Once a Startup India profile is created, the next step is to obtain Department for Promotion of Industry and Internal Trade (DPIIT) recognition.
Step 3: Recognition Application
After signing up on the website, fill out the startup recognition application and click on submit.
Step 4: Recognition Number
A recognition number will be issued to you immediately upon applying. All of your documents will be examined after submitting all the details online. This usually takes about two days after submitting the details.
What qualifies as a “Startup” for Government schemes?
An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be considered a “Startup” –
a) up to 10 years from the date of its incorporation/ registration, and
b) If its turnover for any of the financial years has not exceeded INR 100 crore, and
c) It is working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.
The entity should not have been formed by splitting up or reconstructing a business already in existence. A proprietorship or a public limited company is not eligible as a startup.
Should the Startup edit the existing application or submit a new one?
Do I qualify for tax benefits once the certificate arrives?
As a result of registering under this program, your entity is eligible to receive tax advantages; however, you will need to apply separately through the Startup India portal to obtain these benefits.