Start-up India Registration
What Is Start-up India Registration?
Start-up India Registration is an initiative by the Government of India to foster entrepreneurship and innovation. Under this scheme, start-ups can register to access various benefits, including tax exemptions, simplified regulations, funding support, and other incentives aimed at helping new businesses thrive.
By registering under the Start-up India Initiative, your business becomes eligible for a range of resources, including networking opportunities, intellectual property support, and government grants.
Types of Start-up India Registration
- Private Limited Company Start-ups: Businesses incorporated under the Companies Act, 2013.
- Limited Liability Partnerships (LLPs): LLPs registered under the LLP Act, 2008.
- Partnership Firms: Start-ups formed through a partnership agreement.
Significance of Start-up India Registration
- Tax Benefits: Eligible start-ups enjoy a 3-year income tax holiday under Section 80-IAC.
- Simplified Processes: Exemption from labor inspections and other regulations.
- Funding Opportunities: Access to government-backed venture capital funds.
- Networking Support: Participation in global and national start-up events.
- IPR Assistance: Reduced fees and expedited processes for patent and trademark applications.
- Market Reach: Opportunities to work on government contracts without prior experience.
Documents Required for Start-up India Registration
- Incorporation/Registration Certificate of the company/LLP.
- PAN card of the entity.
- Detailed business plan or pitch deck.
- Directors’/Partners’ Aadhaar cards and PAN cards.
- Bank account statement of the entity.
- Proof of funding (if applicable).
- Details of intellectual property (patents or trademarks, if any).
- GST registration (if applicable).
Process of Start-up India Registration
- Business Incorporation: Incorporate your business as a Private Limited Company, LLP, or Partnership Firm.
- Create an Account: Sign up on the Start-up India portal.
- Upload Documents: Submit all required documents, including a detailed business plan.
- DPIIT Recognition Application: Apply for recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).
- Approval: Receive DPIIT Certificate of Recognition upon successful verification.
- Access Benefits: Avail tax exemptions, government funding, and other benefits.
Eligibility for Start-up India Registration
- Business Age: The entity should not be older than 10 years.
- Type of Entity: Must be a Private Limited Company, LLP, or Partnership Firm.
- Turnover Limit: Annual turnover should not exceed ₹100 crores.
- Innovation: The business must work towards innovation, development, or improvement of products/services.
- Original Entity: The start-up should not be formed by splitting up or reconstructing an existing business.
Cost of Start-up India Registration
- Registration Cost:
- Incorporation fees for a Private Limited Company: ₹5,000–₹10,000.
- LLP registration fees: ₹1,000–₹2,000.
- Partnership firm registration: ₹1,000–₹2,000.
- Professional Fees: Charges for legal and consultancy support vary.
- Additional Costs: Fees for intellectual property registration and GST (if applicable).
How to Check Start-up India Registration Status?
- Visit the official Start-up India portal.
- Log in with your credentials.
- Navigate to the “Application Status” section.
- Enter your application/reference number.
- View the current status of your registration.
Why Choose My Startup Solution for Start-up India Registration?
- Expert Guidance: Experienced professionals to guide you through the registration process.
- Customized Support: Tailored solutions for your start-up’s specific needs.
- Hassle-Free Process: We handle documentation, application, and follow-ups for you.
- Legal Expertise: Assistance with business structure selection and compliance.
- Affordable Services: Competitive pricing with no hidden charges.
- Timely Updates: Regular updates on application status and approvals.
Why Start-up India Registration Is Important?
- Legal Recognition: Establishes your start-up as a legitimate business entity.
- Tax Relief: Enjoy significant tax savings during initial business years.
- Investor Confidence: Increases trust among potential investors and lenders.
- Growth Opportunities: Access to government schemes, funding, and global exposure.
- Ease of Doing Business: Simplified regulatory framework for start-ups.