What Is Startup Registration Process Online For New Businesses?

A startup is a small business that steps up to solve the real-life problems of customers. To apply for the Startup India registration, visit the startup India Scheme website.The startups represent small businesses that intend of disrupt industries along with transforming the whole world, and this is something that can be done at all scales. So, the founders of the startups have huge dreams and aspirations to give to society, something which it is needed, but has not been created so far, something innovative that can generate the eye-popping valuation, causing initial public offerings along with exponential returns on investment.

In this blog, lets find out how to register startup in India

The startups are serving as the budding companies and they have been founded to create the unique products/ services which are being brought up into the market, making everything irresistible as well as irreplaceable for the consumers. With the root of the startup in innovation, this type of entity will be remediating all the deficiencies that exist in the products/ services.

As this will disrupt the entrenched of thinking ways along with carrying out the business within the industries. So, this is the reason why there are so many the new businesses which can be considered as the distributors in their respective industries.

Do you have any startup ideas in mind? Are you looking for the most of desirable way to get into the initial stage of setting up your young company? If, yes, then keep reading the information in this blog to find ways to register a startup in India successfully.

This form of entrepreneurial venture exists in its nascent stage of operations and is typically formulated for solving real-life problems. So, through the inception of the startup, you will be in the position to meet as well as solve the real-life problems of the masses. Due to this, young businesses as startups will be attracting investors, and funders as they will be providing tremendous of growth chances. So, if you want to make an informed decision that can affect the inception along with the operations of your business entity, make sure to get information startup India registration online.

This scheme under startup India is launched way back in year 2016. This is under the action plan, comprising of 19 action points, according to guiding documentation for startup initiative.

Since the inception of the initiative: This particular startup India initiative scheme is being introduced on Jan 16, 2016. This serves as the unveiled of the action plan which is serving as the guiding documentation for the Startup India initiative.

Here is evidence of how successful this startup India scheme has been since it was launched:

There are 99000+ startups that have been identified by the Governmental authorities since the month of May, 2023

The online portal under this scheme is acting as an information and incubation platform to apply for Startup India certificate. Also, the stakeholders will be in the position of networking with one another. Gaining complete access to the resources, tools along with templates which would assist the budding & young entrepreneurs in taking upon whole process, successfully

What are perks to register company in startup India scheme?

Owing to the launch of the Startup India scheme, there has been a website as well as a mobile application which has been launched and anyone interested in registering a startup in India is required to fill up the form on site, along with documents. Thus, the whole of the procedure will be completely online.

The Governmental authorities will be extending the list of patent facilitators along with the trademarks. So, they will be extending the premium quality of the intellectual property rights solutions, which will include the quick assessment of the patent while paying low fees. So, the Government will be bearing the facilitator cost and the young company will be bearing just the statuary fees. Thus, by acquiring a startup India registration certificate, the business owner will be capable of enjoying around an 80% of reduction in the fees to file their patents.

Already there is 10, 1000 crores of funding has been established by the Governmental authorities for extending the funding to the startups in the form of venture capital. The Governmental authorities will be providing a guarantee to all the lenders for encouraging the banking institutions to extend the venture capital.

The startups will also be exempted from income tax for a consecutive period of 3 years once they seek company registration under Startup India from inter inter-ministerial board.

Since the business has a certificate, they can apply for tenders of Government. Also, there will be an exemption from the earlier experience. This is the criteria for other businesses, as they are required to provide answers to the tenders from the Government.

Under the company registration India scheme, the startups are exempted from taxes for 3 years. Another benefit is that individuals who will be investing within the capital gains of the venture fund set up by the Governmental authorities they will be seeking the exemption from capital gains. So, this will facilitate the startups to attract a greater number of investors.

Who can apply for startup India certificate?

Here are the types of businesses that are eligible to apply for company registration under the Startup India scheme:

What criteria to be met for company registration under startup India?

Here are the criteria to be met for company registration under Startup India

What are the required documents for a company registration startup in India?

What is startup company registration process in India?

Here is step by step overview to undertake the process for startup India registration

This is the initial stage of company registration. So, you will incorporate the business as a private limited company, partnership entity as well as the limited liability partnership form. This will require you to follow just the normal of steps about applying for company incorporation as well as seeking incorporation or partnership certification.

In the next step, the business owner needs to apply for registering the entity. This is done by visiting the website of Startup India registration along with clicking upon the register icon. Then create your profile and you will be capable of applying for acceleration/ incubator or mentorship programmes. Also, gain access to the grants, resources, and funding provisions. Schemes of Government along with accessibility to the market.

Moving to the further step of answering your question,” How can I register a startup in India”, you are now required to seek recognition from DPIIT, meaning the Department for Promotion of Industry and Internal Trade. And this facilitates the business to seek several of the perks for example accessing top-quality intellectual property, resources, tax exemption, funding access, and much more.

Under the startup recognition form, make sure to fill in all your details. This includes business details, complete address, details of authorized representatives, partner or director’s details, activities, and self-certification of startups.

Here you are required to upload all the paperwork to the site. The documents required for company registration have already been mentioned above.

Once you will be receiving recognition allotment number for business, the certification of recognition wil be having issuance once evaluation of paperwork is done. This process is taking around 2 working days, once you submit all the details online.

After filing the application & submitting the paperwork, the business owner will get the recognition number for the business. The recognition certification will be having the issuance once the documentation assessment is conducted within 2 days of submitting your details online

What is a benefit to acquire DPIIT recognition?

Subsequent to making the profile on the site for Startup India, the following stage is to profit from the acknowledgment from the Division for Advancement of Industry and Interior Exchange (DPIIT). This acknowledgment helps the new businesses in profiting benefits which incorporate getting to of great protected innovation administrations and different assets, straightforward twisting of organization, benefit of self-affirmation under climate and work regulations, decrease in the standards of public acquirement, openness to subsidize of assets, exception of assessment for continuous three years and exclusion on charge on speculation above honest evaluation.

How much are DPIIT startup Registration fees?

The regulatory authority DPIIT, is responsible for the promotion as well as the regulation of all policies that are concerned with the startup setup in India. The startup registration cost for many distinct types of business models is kept nominal which is RS 7499. This cost is all-inclusive of the professional charges. Our company employs a legal and taxation team that assists clients in the startup India registration process in Delhi NCR & all over India. If you need assistance in your new company registration online, then you can hire our professional to seek guidance & help for getting your startup registered in India.