How To Register Business Under Startup Registration India Scheme?

Startup India is an initiative started by the Government of India and this has been brought forward to nurture innovations as well as promote new businesses in the country for driving the most sustainable economic growth along with generation of the large-scale employment opportunities. So, through the adoption of this initiative, the Government aims to empower businesses for growth and development through innovation as well as design.

Read also this -: Is Startup Registration In India Mandatory To Setup New Business

What are objectives of startup India registration program?

The main goal of startup India movement is mentioned already. So, the action plan will be envisaging supporting of the startups as well as much more:

  • Improved infrastructure, which incorporates incubation centers
  • Facilitation of the IPR which incorporates convenient patent filing
  • Improved regulatory needs which include taxation advantages, convenient compliance, improvement in business setup, quickest mechanism, and much more
  • Objective of improving funding opportunities
  • Extending the widest networking database for business owners along with other stakeholders within the ecosystem of the startups.

    • What is eligibility criteria for startup registration in India?

    The startup must be in a position to meet the below-mentioned eligibility criteria for seeking the DPIIT recognition certification

  • Entity type

    • The entity's existence tenure as well as the operations of the company should not exceed greater than 10 years of the tenure from the existence.

  • Annual turnover

    • For seeking DPIIT recognition certification, the company should have an annual turnover of INR 100 crores for any of the fiscal years since the federation

  • Original entity

    • In order to get the DPIIT recognition certification, the organization should not have been incorporated through the splitting up/ recreation of the entity that already exists.

  • Innovation & scalability

    • The business entity that is working for the development/improvement of items, processes, or services. The entity should also have the most scalable of business model having extremely high creation in terms of employment/ wealth. So, the respective company should possess the potential to generate high employment or creation of wealth.

    Process of seeking DPIIT certification

  • Incorporating business entity

    • This plays a crucial role as the entity must be in the position of incorporating the entity as the PLC( private limited company), partnership firm, or LLC(Limited Liability partnership). Then only it will be liable for Startup Registration in India.

  • Registering Business with the Startup India Scheme

    • So, the businesses are required to be registered under this scheme to seek the DPIIT recognition certification

    Apply for Start-up Recognition

    The applicant unit is required to acquire access to startup India recognition portal for registering with startup India for seeking the recognition certification for start ups.

    Application for startup recognition

  • This involves the provision of extending all the details while applying for your startup recognition
  • Details of entity type
  • Enter details with respect to the entity nature, industry, sector, categorization, CIN( company incorporation number) as well as the date of registration
  • Business entity complete address
  • Authorized representative
  • Director/ partnership details
  • Intellectual property rights detailing
  • Funding detailing
  • Recognition identified from entity
  • Seeking startup recognition number
  • The DPIIT Recognition Certification is meant for the startups and it gets issued after application evaluation along with submission of the paperwork.
  • The DPIIT recognition certification for startups will be having the issuance once the assessment of the application is done as well as the submission of the documentation. Once the authority grants approval for the application as well as extending the unique startup recognition number, the business is liable for registration with taxation benefits.
    • Read also this -: Why New Businesses Should Enroll For Startup India Registration

    Take Assistance Ot Startup India Registration Consultants Online

    Do you wonder what is the process to register startup in India? If, yes, then make sure to take the startup India registration consultants ' help. The specialists will ensure that the whole of the application is filled with correct information, along with the right description of products/ services as well as the documentation.

    So, the team of experts will be assisting you in conveniently securing a startup recognition certificate, affordably as well as within a minimum duration.

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