Startup India Registration
Ready to launch your startup in India? The Startup India initiative, introduced by the Government of India, offers a wide range of benefits to support emerging entrepreneurs. By registering with Startup India, you can access tax exemptions, funding opportunities, and simplified compliance, helping your startup thrive in a competitive market.
At Avian Filings, we make the Startup India registration process quick, easy, and efficient. Our expert team ensures that your business meets all legal requirements and secures the benefits of the Startup India Scheme, so you can focus on scaling your venture.
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Startup India Registration
What is the Startup India Scheme?
Launched in 2016, Startup India aims to build a vibrant startup ecosystem in India. Through the DPIIT registration, startups gain access to numerous benefits designed to encourage innovation, ease of doing business, and economic growth. Startup India registration is the gateway to a host of opportunities that can propel your business forward.
Eligibility for Startup India Registration
To qualify for DPIIT recognition and benefit from the Startup India Scheme, businesses must meet certain criteria:
- Legal Structure: The business must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership Firm.
- Age of the Startup: The startup should not exceed ten years from its incorporation date (15 years for biotech companies).
- Annual Turnover: The startup’s annual turnover must not exceed INR 100 crores since inception.
- Innovation Requirement: Startups must focus on innovation, technology-driven solutions, or intellectual property-based products or services.
- DPIIT Recognition: Startups must obtain official recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).
- Job Creation Potential: Startups should contribute to job creation or show potential for employment generation.
Key Benefits of DPIIT Recognition
When you register with Startup India, your business becomes eligible for a range of government-backed incentives, including:
- Tax Exemption:
- Income tax exemption for three consecutive years in the first ten years.
- Angel Tax Exemption for investments exceeding fair market value.
- Simplified Compliance:
- Self-certification for compliance with labor and environmental laws for up to five years.
- Relaxation from certain environmental clearances, especially for startups in ‘white’ industries.
- Public Procurement Opportunities:
- Eligible for public sector procurement without prior experience or turnover requirements.
- Patent and Trademark Benefits:
- 80% fee reduction for patent and trademark registration.
- Easy Exit Process:
- The Insolvency and Bankruptcy Code (IBC) allows startups to wind up operations within 90 days, offering an expedited exit strategy.
Documents Required for Startup India Registration
To apply for Startup India Registration, you must submit the following documents:
- Incorporation/Registration Certificate of your business entity.
- PAN (Permanent Account Number) of the company and its partners/directors.
- Proof of Funding (if applicable).
- Proof of Concept, such as a website link or pitch deck.
- Patent/Trademark Filing Details, if applicable.
- List of Awards or recognition certificates, if any.
- Authorization Letter from the company’s authorized representative.
Steps to Register with Startup India
The Startup India registration process involves several key steps:
- Incorporate Your Business:
- Register your business as a Private Limited Company, LLP, or Partnership Firm with the appropriate authority. Once incorporated, you will receive the Certificate of Incorporation.
- Register on the Startup India Portal:
- After incorporation, create a profile on the Startup India portal, where you’ll fill out necessary forms and upload documents.
- Apply for DPIIT Recognition:
- Log in to your profile on the Startup India website and submit an application for DPIIT recognition. This step ensures your business is eligible for all benefits under the Startup India Scheme.
- Receive DPIIT Certificate:
- Upon approval, you will receive your DPIIT recognition number and the official Startup India Certificate, confirming your startup’s eligibility and registration.
Why Choose Avian Filings for Startup India Registration?
At Avian Filings, we specialize in helping entrepreneurs navigate the Startup India registration process smoothly and efficiently. Our expert consultants ensure that all legal requirements are met, your documents are properly prepared, and your application is submitted correctly.
Key Benefits of Partnering with Avian Filings:
- Expert Legal and Compliance Assistance tailored to your business needs.
- Affordable Registration Fees for startups looking to benefit from government schemes.
- Dedicated Support at every step of the registration process.
Start Your Business Journey with Avian Filings
Join the Startup India movement and take advantage of the numerous incentives available to new businesses in India. Whether you are an innovative tech startup or a service-based enterprise, Avian Filings ensures that your Startup India registration is handled professionally and efficiently.
Contact Avian Filings today to register your startup and start unlocking the full potential of your business with Startup India’s government-backed benefits!