Start-up India Programme was implemented through the Department of Industrial Policy & Promotions (DIPP), Government of India. Start-up India Scheme is one of the wonderful initiatives of the Government of India created to focus on Simplification and Handholding, Funding Support and Incentives, Industry-Academia Partnership, and Incubation.
To register a startup below conditions must be fulfilled in order to apply for startup India.
The business must be registered must be registered as a
The startup registration process in India can be done 100% online. Here is how startup registration the online process is done:
File application at Startup India Schemein with supporting documents such as Certificate of Incorporation / Registration Or alternatively, get it done through experts to save your time and headache. Simply click here and get an instant response.
You can do it yourself if you are aware of how to prepare material and resources that an application requires. Another option is go-to experts. The cost varies in the market. Best to check service provides and decide. CAonWeb guarantees the lowest price and excellent service when it comes to the online service providers in India.
It is not mandatory for anyone to register a startup at Government initiative. But the objective or say the idea of registering under startup India scheme is to avail the benefits of tax exemption, connecting with a network of other businesses, VC’s, incubators, receiving Government grants, and so on.
To register a startup under the Startup India Scheme, a business entity must full fill the following conditions:
1. The following forms of business are eligible
2. The turnover of the business for any of the financial years since incorporation is not more than 25 crores
3. Business must be of much nature that it will help in contributing to the economy through innovation, environmental protection, employment generation, and wealth creation.
4. It is not formed by the restructuring of a business which already exists.
Please note that business shall cease to be a Start-up on the following conditions:
However, in the case of biotechnology sector startups, an entity shall cease to be a Startup on completion of ten years from the date of its incorporation or if its turnover for any previous year exceeds 25 crores.
To apply for startup registration you must be either a company registered under companies Act 2013 or LLP or registered partnership firm. The cost of incorporating the company starts at 3000.
Generally 15-25 days to register a startup under online startup India registration
A private limited company cost starts from 3000. It varies from which services provider you take the service.
You can connect with a network of incubators, angel investors and VC in startup India portal to understand the process
As per the guidelines of DIPP, a recognized start-up gets several benefits such as:
The best way is to first draw a roadmap of what your plan is. Make projections to see what all resources you need and accordingly plan a structure. You can go find CA services online or startup mentors who can help you with this.
Focus on the business roadmap, get some numbers flowing and make a good write up on your projections. Any profit-making projects attract investors. Also having a great founding team that is balanced and experienced in required domains.
Any entity having at least one registered office in India is eligible to register