Why New Businesses Should Enroll For Startup India Registration?

India has already been part of the ecosystem of startup hubs globally. In fact, the country is ranked 3rd with as high as more than 90,000 startups as well as 107 of the unicorn organizations worth $ 30 million. So, the Government of India has been taking the initiative of promoting the Startup India program that has been assisting aspiring and ambitious entrepreneurs. Infact, Indian Governmental authorities have already simplified the whole of the startup Indian registration procedure.

So, there are several of the advantages of enrolling for the startup registration in India process:

  • Financial aids

    • Most of startups are relying upon the patents. So, this implies that they will be producing or rendering the most exceptional of the offerings. So, once the registration of the patents is done, they are required to seek the heavy cost. So, the process of registering the patent as well as the related items is fast. So the Governmental authorities will be paying the cost of the facilitator with regard to seeking the patent.

  • Income tax privileges

    • The startups will be provided with several of lucrative perks with regard to the Income taxation provisions. So, once the startup is recognized, then it is liable to apply for tax exemption as per section 80 IAC, Income Tax Act. So, once the clearance is attained for exemption from taxes, the startup would be in the position of seeking tax exemptions for 3 of the consecutive financial years and this is for the ten years after the incorporation. Once the startup is recognized, you can apply for the tax exemption as per the Income Tax Act.

  • Registration perks

    • This is under the provision of Startup India registration, then it has become convenient to apply for the process of registering. So, one meeting arrangement will be accomplished for establishing the Startup India program. So, there is a single of the doubt as well as the problem-solving approach.

  • Governmental tenders

    • According to the Startup India registration provision, many of the advantages have been extended with regard to the public procurement tasks, and this entails to seeking tenders from the Governmental authorities. Also, relaxation has been rendered owing to the prior experiences, or the criteria for the turnover.

  • Extensive chances for networking

    • There are chances of networking and this is implying to the opportunities for taking up several of the startup stakeholders at the specific of destination as well as the timings. So, the Governmental authorities will be rendering the opportunities for carrying out 2 of the startup fests, on an annual basis, at the national as well as the international level, facilitating the stakeholders to have a meeting before setting up their establishment. So, to register startup in India, there will be an organization of the intellectual property awareness programs along with the workshops.

    Who all holds eligibility for startup registration in India?

  • Private Limited Company /LLP/Partnership Firm
  • Businesses extend unique & innovative offerings, whether products or services
  • Company has a business model with a high potential for employment enervation OR
  • Turnover does not exceed Rs. 100Crore
  • The company has a business model with a high potential for wealth creation
  • PLC/ LLP or partnership firm
  • Organizations providing innovative items/ services
  • When the startup registration is not greater than 10 years
  • Organizations with the business model have increased employment potential
  • Turnover not more than INR 100 crore
    • Read also this -: What are schemes, advantages & features of Startup Registration in India

    Companies' business models have increased potential for wealth creation

    Are you wondering how to get started with your startup registration in India? If yes, you can take the assistance of the legal experts who will be ensuring that your application filing is done with the most accurate information, description of the products, and submission of prescribed documentation. The legal advisors are always willing to help you seek the startup registration certification at the most affordable cost and within less than one week. Also, there will be provision of end-to-end startup registration help where the team will be taking care of entire of the entire application as well as the documentation process. This makes sure all information furnished by the applicant is accurate, updated as well and verified.

    So, with the help of the registration consultants, get ready to increase the chances of getting your new business recognized in a fast & convenient way.

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