STARTUP INDIA REGISTRATION
| Basic | Advance |
|---|---|
| ✔ Registration Certificate | ✔ Registration Certificate |
| ✔ Recognition Certificate | |
| ✔ Professional Consultancy |
Startup India Registration
Startup India Registration in India – Comprehensive Guide by Bharat eFiling Point
Starting a business in India is an exciting venture, and registering under the Startup India initiative can unlock numerous benefits designed to help new entrepreneurs grow and succeed. Startup India Registration is a government-backed program aimed at promoting innovation, providing funding opportunities, and simplifying compliance requirements for budding startups.
At Bharat eFiling Point, we assist entrepreneurs and new businesses through every step of the Startup India Registration process, ensuring a smooth and hassle-free experience.
What is Startup India Registration?
Startup India Registration is a formal recognition given by the Department for Promotion of Industry and Internal Trade (DPIIT) to eligible startups. This registration offers access to various government schemes including tax exemptions, funding support, intellectual property rights benefits, and easier compliance procedures.
Eligibility Criteria for Startup India Registration
To qualify as a startup under the Startup India scheme, a company or LLP must:
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Be incorporated or registered in India as a private limited company, partnership firm, or LLP.
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Have been operational for less than 10 years from the date of incorporation.
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Have an annual turnover not exceeding INR 100 crore in any preceding financial year.
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Work towards innovation, development, or improvement of products, processes, or services, or aim for scalable business models with a focus on technology or intellectual property.
Benefits of Startup India Registration
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Tax Exemptions: Startups can avail tax benefits, including a three-year tax holiday in the initial years.
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Funding Support: Access to government-backed funds such as the Fund of Funds for Startups (FFS).
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Simplified Compliance: Relaxed norms for public procurement, self-certification under labor and environmental laws.
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Intellectual Property Rights (IPR) Benefits: Fast-tracking of patent applications and reduced fees for IP registrations.
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Networking Opportunities: Access to mentorship, workshops, incubation centers, and startup events organized by the government.
How to Register Your Startup under Startup India?
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Incorporate Your Business: Ensure your business is legally incorporated as a Private Limited Company, LLP, or Partnership.
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Apply for DPIIT Recognition: Submit an online application on the Startup India portal along with necessary documents like incorporation certificate, PAN, and a detailed description of your innovation or business model.
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Self-Certification: Register for self-certification compliance under labor and environmental laws if eligible.
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Get Recognition Certificate: Upon approval, receive a DPIIT recognition certificate which can be used to avail various government benefits.
Why Choose Bharat eFiling Point for Startup India Registration?
At Bharat eFiling Point, we provide expert assistance in Startup India Registration with a focus on accuracy, timeliness, and legal compliance. Our services include:
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Consultation on eligibility and documentation.
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Preparation and submission of online registration forms.
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End-to-end support during the application process.
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Guidance on how to maximize benefits under the Startup India initiative.
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Post-registration compliance and advisory services.
Conclusion
Registering your business under Startup India can significantly accelerate your entrepreneurial journey by providing you with crucial support and incentives. With Bharat eFiling Point by your side, you can navigate the registration process efficiently and position your startup for long-term success.
Proprietorship vs Partnership vs LLP vs Company (Pvt Ltd)
| FEATURES | PROPRIETORSHIP | PARTNERSHIP | LLP | COMPANY |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | Sole Ownership | Min 2 Partners Max 50 Partners | Designated Partners | Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders For One Person Company 1 Director 1 Nominee Director |
| Registration Time | 7-9 working days | 7-9 working days | 7-9 working days | 7-9 working days |
| Promoter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
| Documentation | MSME, GST Registration | Partnership Deed | LLP Deed, Incorporation Certificate | MOA, AOA, Incorporation Certificate |
| Governance | - | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | Transferable |
| Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 | Form 11, Form 8, ITR 5 | ITR 6, MCA filing, Auditor'sappointment |
Documents Required for Startup Registration in India
For Startup India Registration, the following documents are required:
- Proof of Registration: A copy of the Certificate of Incorporation or Registration issued by the Registrar of Companies (RoC) or relevant authority, confirming the legal existence of the entity.
- Contact Information of Partners, Promoters, or Designated Partners: This includes names, addresses, Director Identification Number (DIN)/Designated Partner Identification Number (DPIN), email IDs, phone numbers, and the company’s Corporate Identification Number (CIN)/Limited Liability Partnership Identification Number (LLPIN).
- Details of the Company’s Activities: A brief description of the business plan, including the type of innovation or improvement the company is working towards, how the business plan will be achieved, and details on the Unique Selling Point (USP) that distinguishes the company from others.
- Details of Intellectual Properties: Information on all Intellectual Property Rights (IPRs) applied for or owned by the startup, such as patents or trademarks.
- Digital Signature Certificate (DSC): For the authorized representative of the company, LLP, or partnership firm to sign electronic documents submitted for registration.
- Authorization Letter: For the authorized representative, if applicable, to act on behalf of the company, LLP, or partnership firm during the registration process.
- Proof of Funding: If the startup has received any funding, details and proof of such funding need to be provided.
- Pitch Deck of the Business: A presentation outlining the business model, market opportunity, product/service offerings, team, and financials. This document is not mandatory but recommended to give a comprehensive overview of the startup.
- Letter of Recommendation: From an incubator, investor, or any other recognized body under the Startup India initiative, if available. This is not a mandatory document.
- Letter of Funding from Angel Investor: If applicable, to demonstrate financial backing from investors.
It’s important to note that all documents required for Startup India registration must be in PDF format. Additionally, startups are encouraged to highlight their USPs and, if they choose, submit voluntary documents like a video pitch to better illustrate their business model and operations.
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Startup India FAQ’s
Who is eligible for Startup India?
To register with Startup India, an entity must meet specific criteria.
Is Startup India a scheme?
Does the government give funds to startups?
The easy availability of financing is a critical issue for entrepreneurs looking to expand their Startups. Due to a lack of funding, many business concepts stay on the ground. To address this issue, the Indian government has established a few Schemes through which the government provides financial aid to entrepreneurs. Startups can use these funds for research and development, marketing, and other activities to help them grow their business.
Can a foreigner enter into partnership under the LLP Act and get that LLP registered with Startup India?
Yes, a foreign national can enter into partnership under the LLP Act and get that LLP registered on our website. It can even get recognised by the DIPP.
Would a One Person Company (OPC) be eligible to avail benefits under the Startup India initiative?
Yes. One Person Companies are eligible to avail benefits under the Startup India initiative.
My entity does not have a PAN. Would I be allowed to register it as a ‘Startup’ on the Startup India portal?
Yes, an entity without a PAN can be registered as a Startup on our website. However, it is advised that a valid PAN of the entity is provided at the time of registration
What is the time-frame for obtaining certification of Inter-Ministerial Board for availing tax exemption post successful application?
The Inter- Ministerial Board meeting typical takes place once a month. The cases in the meeting are processed in a serial order. The communication regarding the decision is sent to the registered email address of the Startup.
To regularly follow updates of the IMB meetings, you may refer to the IMB notifications on our website by clicking here.
How would the Inter-Ministerial Board review the applications received for the purpose of tax exemption?
The Board shall review the supporting document(s) provided to ascertain if the entity qualifies as an eligible business for availing tax.
Startup India Registration in State
Startup India Registration In Maharashtra
Startup India Registration In Karnataka
Startup India Registration In Tamil Nadu
Startup India Registration In Gujarat
Startup India Registration In Uttar Pradesh
Startup India Registration In Rajasthan
Startup India Registration In Punjab
Startup India Registration In Madhya Pradesh
Startup India Registration In Odisha
Startup India Registration In Chandigarh
Startup India Registration In Uttarakhand
Startup India Registration In Jharkhand
Startup India Registration In Madhya Pradesh
Startup India Registration In Odisha
Startup India Registration In Chandigarh
Startup India Registration In Uttarakhand
Startup India Registration In Jharkhand
Startup India Registration In Chhattisgarh
Startup India Registration In Haryana
Startup India Registration In Andhra Pradesh
Startup India Registration In Assam
Startup India Registration In Jammu And Kashmir
Startup India Registration In Andhra Pradesh
Startup India Registration In Assam
Startup India Registration In Jammu And Kashmir
Startup India Registration In Delhi
Startup India Registration In Telangana
Startup India Registration In West Bengal
Startup India Registration In Kerala
Startup India Registration In Goa
Startup India Registration In Bihar
Startup India Registration In Puducherry
Startup India Registration In Himachal Pradesh
Startup India Registration In Arunachal Pradesh
Startup India Registration In Manipur
Startup India Registration In Meghalaya
Startup India Registration In Mizoram
Startup India Registration In Nagaland
Startup India Registration In Sikkim
Startup India Registration In Tripura
Startup India Registration In Lakshadweep
Other Bharat eFiling Point – Business Registration Services
How to Run a Startup India Registration in India – A Complete Guide for New Entrepreneurs
Starting a new business in India is an exciting opportunity, and registering under the Startup India initiative is a strategic step to unlock government benefits and support. This comprehensive guide walks new entrepreneurs through the entire process of running a Startup India Registration, ensuring they take full advantage of the incentives and resources available.
What is Startup India Registration?
Startup India Registration is a government-recognized status granted by the Department for Promotion of Industry and Internal Trade (DPIIT) to startups that meet certain eligibility criteria. It enables startups to access financial benefits, simplified regulatory norms, tax exemptions, and various other support schemes aimed at nurturing innovation and entrepreneurship.
Step-by-Step Process to Run a Startup India Registration
1. Incorporate Your Business
Before applying for Startup India Registration, your business must be legally incorporated in India as one of the following:
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Private Limited Company
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Limited Liability Partnership (LLP)
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Partnership Firm
This is a crucial step as the Startup India recognition is only granted to registered entities, not to sole proprietorships or unregistered firms.
2. Meet Eligibility Criteria
Ensure your business meets the eligibility conditions set by DPIIT:
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The company should be less than 10 years old from the date of incorporation.
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Annual turnover should not exceed INR 100 crore in any financial year.
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The business should focus on innovation, development, or improvement of products, processes, or services, or have a scalable and technology-driven business model.
3. Prepare Required Documents
You will need:
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Certificate of Incorporation
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PAN Card of the company
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Description of your business, including innovation or problem solving approach
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Details of directors/partners with their identification documents
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Other relevant licenses or approvals, if applicable
4. Apply Online on the Startup India Portal
Visit the official Startup India website and create an account. Complete the online application form for DPIIT recognition by uploading the required documents and providing detailed information about your business model and innovation.
5. Verification and Issuance of Recognition Certificate
After submitting your application, the DPIIT reviews your details and documents. Upon approval, you receive a recognition certificate that officially classifies your business as a startup under the Startup India scheme.
Running Your Startup Post-Registration
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Utilize Government Benefits: Once registered, you can apply for tax exemptions, funding through government schemes, and intellectual property rights benefits.
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Maintain Compliance: Keep all your company filings and statutory compliances up to date to maintain the benefits and recognition.
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Leverage Support Ecosystem: Participate in startup events, mentorship programs, and incubation initiatives promoted under the Startup India umbrella.
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Expand and Innovate: Use the credibility and resources gained to attract investors, build partnerships, and scale your business operations.
Common Challenges and How to Overcome Them
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Documentation Errors: Prepare documents carefully or seek professional help to avoid rejections.
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Eligibility Misunderstandings: Confirm eligibility before applying to prevent wasted time.
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Compliance Management: Consider hiring consultants or using software tools to stay compliant with ongoing government regulations.
Why Choose Bharat eFiling Point for Startup India Registration?
Bharat eFiling Point offers expert guidance throughout your Startup India Registration journey. From incorporation to application submission and compliance management, our services ensure that you meet all requirements efficiently and can fully benefit from the government’s startup initiatives.
Conclusion
Running a Startup India Registration is an essential process for entrepreneurs looking to grow their innovative ventures with government support. Following this guide will help you navigate the steps with clarity and confidence, setting a strong foundation for your business success.
Office Setup and Team Requirements to Run a Startup India Registration in India
Starting and running a registered startup under the Startup India initiative involves more than just incorporation and government recognition. To effectively manage operations and leverage the benefits of the program, entrepreneurs need to establish an appropriate office setup and build a competent team tailored to their business needs.
Office Setup for a Startup India Registered Company
The office setup for a Startup India registered company can vary widely depending on the industry, business model, and scale of operations. However, there are some common considerations that every startup should keep in mind:
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Location: Choose a location that suits your business type and budget. Many startups begin in co-working spaces or home offices to minimize overheads before expanding to dedicated office premises.
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Infrastructure: Basic office infrastructure should include computers/laptops, high-speed internet, telecommunication systems, and office furniture to create a productive workspace.
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Technology: Since many startups are tech-driven, investing in appropriate software tools for communication, project management, accounting, and customer relationship management is essential.
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Legal Compliance: Ensure that the office premises comply with local zoning laws, fire safety regulations, and other statutory requirements to avoid any legal issues.
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Virtual Office Options: For startups focusing on remote teams or digital products, a virtual office can provide an official business address and professional communication services without physical office costs.
Team Requirements to Run a Startup India Registered Company
Building the right team is critical to the success of any startup. For a Startup India registered business, the team size and composition largely depend on the business domain, but typically includes:
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Founder(s) and Core Management: The founders usually take charge of key business functions such as strategy, product development, marketing, and finance.
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Technical Team: For tech startups, developers, engineers, and IT specialists are essential to build and maintain the product or service.
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Operations and Administration: A small team handling day-to-day operations, vendor management, and administrative tasks ensures smooth functioning.
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Sales and Marketing: Professionals dedicated to sales, digital marketing, customer acquisition, and branding help grow the business and increase market presence.
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Finance and Compliance: Accountants or finance managers who handle bookkeeping, taxation, and regulatory compliance are important, especially to maintain the benefits of Startup India Registration.
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Advisors and Mentors: Many startups also engage external consultants, legal advisors, or mentors to guide them on business strategy, compliance, and fundraising.
Key Points to Remember
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Initially, startups may operate with a lean team and gradually expand as business needs grow.
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Focus on hiring multi-skilled individuals who can handle multiple roles in early stages.
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Use technology to automate repetitive tasks, allowing your team to focus on core business functions.
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Keep documentation and regulatory compliance up to date to maintain your Startup India status and avail all related benefits.
Conclusion
Proper office setup combined with a skilled and motivated team forms the backbone of a successful Startup India registered company. At Bharat eFiling Point, we understand these requirements and can guide you through not only the registration process but also help you plan your operational setup and team structure effectively to maximize growth and efficiency.
Startup India is a vital government scheme launched on 16th January 2016 to provide financial assistance and mentorship to entrepreneurs. Additionally, it provides entrepreneurs with a platform for networking with industry experts, investors, and other stakeholders. The scheme also encourages research, development, and technology transfer in the country. This scheme helps create more jobs in the country and boost economic growth.