The 7 Steps to Register Your Startup in India

Startups are playing a pivotal role in shaping India's economic landscape, and the government, led by Prime Minister Narendra Modi, is actively promoting and supporting the startup ecosystem. If you're an entrepreneur looking to embark on the exciting journey of launching your startup in India, this comprehensive guide by LegalRaasta will walk you through the essential steps of registering your startup.

Step 1: Incorporate Your Business

Before diving into the world of startups and registering your startup in India, you need to establish your business as a legal entity. You can choose to incorporate as a Private Limited Company, Partnership Firm, or a Limited Liability Partnership (LLP). Follow the standard procedures for business registration, including submitting the registration application and obtaining the Certificate of Incorporation/Partnership registration.

Private Limited Company or LLP: File the registration application with the Registrar of Companies (ROC) in your region.

Partnership Firm: File the application for registration with the Registrar of Firms in your area.

Read also this -: What is best tactic for quicker & stress free startup registration in India

Step 2: Register with Startup India

Startup India, an initiative by the Government of India, offers various benefits to registered startups. The registration process is streamlined and can be done online. Here's a step-by-step guide:

- Visit the [Startup India website](https://www.startupindia.gov.in/).

- Click on the 'Register' button.

- Fill in your name, email ID, mobile number, password, and click 'Register.'

- Enter the OTP sent to your email and provide details like the type of user, startup stage, etc.

- Click 'Submit' to create your Startup India profile.

Step 3: Get DPIIT Recognition

Department for Promotion of Industry and Internal Trade (DPIIT) recognition is a crucial step for startups, offering benefits like intellectual property services, relaxation in procurement norms, tax exemptions, and more. Follow these steps:

- Log in to the Startup India website with your registered profile.

- Click on 'Apply for DPIIT Recognition' under the 'Recognition' tab.

- You'll be redirected to the National Single Window System (NSWS) website.

- Register your company on NSWS, add the 'Registration as a Startup' form, and fill the 'Startup Recognition Form.'

Step 4: Recognition Application

Completing the 'Startup Recognition Form' requires providing detailed information about your startup. Here are the key details that should be included

- Entity details

- Full office address

- Authorized representative details

- Directors/partner details

- Startup activities and self-certification

After filling the form, accept the terms and conditions and click 'Submit.'

Step 5: Documents for Registration

Prepare the necessary documents for the DPIIT recognition application. These include:

- Incorporation/Registration Certificate

- Proof of funding (if any)

- Authorization letter of the authorized representative

- Proof of concept (pitch deck/website link/video)

- Patent and trademark details

- List of awards or certificates

- PAN Number

Step 6: Recognition Number

Upon successful application, you'll receive a recognition number for your startup. The certificate of recognition is usually issued within 2 days after submitting the details online.

Step 7: Explore Additional Benefits

Being a recognized startup opens doors to various benefits:

Patents, Trademarks, and Design Registration: Access facilitators recommended by the government with an 80% reduction in fees.

Funding Support: Explore the Startup India Seed Fund Scheme (SISFS) for financial assistance.

Self Certification Under Laws: Self-certify under labour and environment laws, reducing compliance costs.

Tax Exemption: Enjoy a three-year income tax exemption (certification by Inter-Ministerial Board required).

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

Conclusion

Registering your startup in India is now a streamlined process, thanks to the Startup India initiative. By following these seven steps and leveraging the associated benefits, you can set your startup on a path to success. LegalRaasta is here to assist you at every stage, ensuring a smooth and compliant registration process for your entrepreneurial venture. Start your journey today and contribute to the vibrant startup ecosystem of India!

Location: India

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