Every thing about Register a startup in India

 

Step-by-step Guide: How to Register a Startup Company in India?

The first thing that we should understand is what a startup is. A startup is a business started by a single or a group of people. It is different from other existing businesses in the same domain.  Startups offer new types of services or products that do not exist in India or any other country.

 Now startup is popular among peoples. It's not difficult to register in    India.

When Prime Minister Narendra Modi came into power he started the Startup India initiative. Indian government makes it easy in terms of compliance, reduction in tax for 3 years, etc

 Now it's easy to register a startup in India.

The steps are given below

 Incorporation of your business

To register a company as a startup firstly you just need to register your business as a private limited company or LLP and depend upon your business.

You must complete the procedure of registering a new form like the certificate of Incorporation partnership deed Permanent Account number or other requirements.

You can form LLP or pvt ltd. just submitted an ROC in your area. You should submit the applicable documents and fees to the registrar of firms.

Involvement in making in India program.

The process continues with registering your company as a new enterprise. You may now register a business online from the comfort of your home thanks to the Startup India Scheme, which has made the procedure fast, easy, and simpler. To register online go to the Startup India website. You may apply for different types of mentorship programs.

and incubator. you should prepare yourself for other challenges that will come from time to time in your startup journey. Access all the resources like a government startup program and policies that are announced by a state government or central government.

Document submitted in PDF format only.

You need to submit all documents in PDF format only. In addition to registration, you will need a letter of recommendation. You are just essential to these letters listed below. To register a startup in India.

• Reference letter from Incubators India well known post graduate college. Format of authorization by DIPP(Department of Industrial Policy and Promotion) 

• Recommendation letter from an incubator that is the government of India.

• A letter in DIPR format from any incubator. Incubators should be recognized by the government. 

    Acquire DPIIT Certification

  You just need to create your profile on the Startup India website 

          The DPIIT acceptance is the next step. there are many ways that startups get profitable through government resources. you just need to gain access to high-quality intellectual services public procurement and different certifications under Environmental and labor laws. Access all these and get the benefit of tax exemption for three years and access to government resources that are provided by the Indian Government to the Startup founders.

Obtain the Number of  Identification

A certificate of approval will be given after the applicant has completed the necessary paperwork and self-certified, and the appropriate authority has verified it. Every document that is provided needs to be accurate. If any applicant Uploads the wrong or unethical documents. The 50% of the startup's paid-up capital, or a minimum amount of Rs. 25,000, will be deducted from the applicant's award. this is basically a penalty. After receiving the number. Candidate can submit the for trademarks and patents.

Through government facilitators.

Advantages of registering a startup in India.

Nowadays startups are very popular in India and getting popular since 2014. When Prime Minister Narendra Modi came into power as prime minister of India. The prime minister founded  (the Startup India program) by which India can grow rapidly. Startup India aims to promote startups and build a startup Environment in India.

The purpose of Startup India help Entrepreneurs by developing technology and creativity. Startup India helps entrepreneurs to get funding from banks and government financial institutions as loans or as rewards depending upon the startups and how it affects the country in terms of growth and opportunity.

 

To register a startup you can connect with Agarwaltaxcon a financial services firm in Delhi.

The government provides many facilities or resources that are listed below.

Advantage of tax benefits- According to Startup India's rule startups get benefits for three years in tax exemption’

Opening a bank account-its very easy to open a bank account and get loans through the bank because now you are authorized by the government of India.

[Reference from- Vakil search, Especia, Clear tax, Startup India].