What Are Steps To Register Startup In India?

Many individuals do have some innovative business ideas but they do not have a clue about setting up their business or how to convert their unique and innovative idea into a business venture. So, this means even budding and enthusiastic business people have no idea about how to register startup in India.

There are few of the individuals who are not even knowing whether their organization is falling in startup category or not. Apart from that, certain individuals do not even know whether their business falls in the category of a startup or not. So, keeping all these things in mind, this blog post is here to help you explain the eligibility criteria of what a business needs to be to be called a startup along with the procedure of registering your company.

Read also this -: What all advantages businesses will receive from Starup Registration in India

Considering all such things, this blog post will be assisting you in this particular of regard. Also, there is explanation of the eligibility criteria of what it means to be startup and process of registering your organization as one.

Before diving deep into the dynamics of the eligibility of a startup, and its procedure, let's try to understand what exactly it means to be called as startup:

Definition of startup

The startup is considered the business entity/ organization that exists in the nascent stage & is typically characterized by uncertainty as well as risk. So, such organizations will be formed when the founders will be finding something negative within the system that they already work in as well as intending to solve the problems through the creation of a new organization of their own.

Legal requirements & protocol to register startup in India

The startup registration procedure in the country has already been streamlined. Once the entity holds the eligibility to be recognized as a startup, it is required to register itself on the website. Once the form filling is done, the business is also required to attach the recommendation letter. So, this recommendation letter will be rendered through:

  • Incubator from the university attesting to business innovative module
  • Recommendation letter rendered through incubator that has been funded/ recognized through Governmental authorities in DIPP format
  • A recommendation letter from the state/ central Government

    • Step-By-Step Procedure To Register Startup In India

  • Startup incorporation

    • Any type of unregistered business entity is not in the position of qualifying as a startup business under the Government’s scheme. So, the initial step for gaining recognition for your startup is the incorporation of business with the concerned authorities.

  • Registration on the startup India portal

    • The next step will be registering the entity on the portal of Startup India. So, for this purpose, you need to conduct the submission of the requisite details as well as enter the contact details for the purpose of OTP verification. The contact details will include the registered of contact number along with the email address.

  • Creation of complete profile

    • Fill in all your details for example existing stage of startups, details of directors/ partners as well as the authorized representative, and much more. Also, extend information about the business plan, and intellectual property along with all the business activities.

  • Fill application for DPIIT identification

    • Click upon DPIIT recognition on the portal along with the form that will be appearing on the screen. Fill out as well as submit all the forms along with the scanned copies of the prescribed paperwork.

  • Seeking DPIIT recognition certification

    • The DPIIT will assess the application thoroughly and ultimately will issue the recognition certification to the startup.

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

    New Business Recognition Is Easy Now With Startup Registration India Help!

    In today’s time, both the innovation as well as the entrepreneurial ship will be rewarded. So, the recognition as well as the incentives that the Government of India has extended to startups will be verifying such facts. When startup registration in India is done, then it will hold compliance advantages as per the environmental along labor laws. So, this process of startup registration India assists in winding up the businesses within three months of duration.

    Also, the startups will get around 80% of the rebate on filling all patents along with providing innumerable of investment opportunities.

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