What is best tactic for quicker & stress free startup registration in India?

Since earlier times, startups in the country have faced so many challenges with regard to funding as well as regulatory restrictions. The Governmental officials in India have identified the potential of the business entities for creating jobs, expansion on economic front as well as innovation and this will be causing the improvement in investment for supporting the ecosystem of the startup. So, this is resulting in the creation of the flagship initiative for catalyzing the innumerable business opportunities in the country and promoting this culture under startup India registration scheme. This is a government-led program in the country that is aiming for promote entrepreneurship as well as support startups. So, it is extending many different advantages for example tax exemptions, simplification of regulatory of compliance, quick tracking patent assessment, accessing funding, and much more. So, this is the initiative that is not only streamlining the market entity but will also enhance competition through the reduction of operational complexities.

Read also this -: How Much is Startup India Registration Fee

Key highlights of Startup India Scheme

  • 180,000+ startups registered in India by end of 2023
  • 140+ billion capital funding invested in between 2014- HI-2023
  • 22000+ Active startup investors by end of 2030
  • 110+ Indian Unicorns
  • $ 500 billion combined valuation of India startups
  • 759 million active Internet users

    • Protocol to register startup in India

    The first and foremost step to register a startup in India is business incorporation. Here is a detailed guide on how to start a business in India

  • Choosing right structure

    • On the basis of needs, as well as growth projections, the first is to choose in between a private limited company, public limited, joint venture, wholly-owned subsidiary as well as a branch office.

  • Submission of paperwork

    • There is a need of the collection of paperwork which will include the digital signature certificate, form SPICe+, DIN director of identification number, drafted memorandum as well as AOA( article of association).

  • Application for name approval

    • The MCA, ministry of Corporate Affairs will be reserving a unique of name for seeking unique company name facilities.

  • Filing for company incorporation

    • Completion of the SPICe+ forms upon MCA portal through attachment of all the crucial of paperwork, payment of fees as well as submission of application to register startup in India.

  • Seeking PAN & TAN

    • After receipt of certification of incorporation, you will be seeking PAN, tax deduction as well as TAN for collecting taxes

  • Securing appropriate licensing

    • On the basis of the nature of business, acquiring the most appropriate of licenses as well as the registration, like import/ export code, MSME registration as well s the software licensing agreements.

  • Opening bank account

    • Make sure to set up the most dedicated of bank account for seeking financial transactions, and extending essential paperwork, PAN, TAN, passport, and visa details from authorized individuals.

  • Tax Registration

    • Obtaining GST, through GSTR -5 filing to comply through taxation laws of India

    Read also this -: How To Register Business Under Startup Registration India Scheme

    Hire top consultants to register startup in India!

    Do you want to register a startup in India? If yes, then all you have to do is to register a startup in India consultants from Legal Raasta, for completing the entire of the licensing protocol for facilitating the procedure seamlessly without having any influence of the business incorporation.

    Get ready to adopt the first step towards startup India registration within just 3- 7 working days with the help of leading legal & tax consultants.

    Location: India

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