Start-ups are the new trend in India. These companies can be Private Companies or Public Companies or LLP. This type of company can be started with a single person or small group of members who come together with a new idea or renovate the existing idea and market them, so this is what start-ups are.
Start-ups are small and innovative. They are always open to new challenges, adapt to changes in market conditions, and adopt new technologies for the betterment of the business.
The benefit of getting registered as a start-up is that you are exempted from tax for 3 years if you have a certificate from Inter-ministerial Board(IB). For Research and development start-ups, 7 new research stations have been set up for encouraging operations. Investors are also eligible for capital gains exemptions.
In order to register your company as a start-up, first, you need to incorporate your company as a private company or public company, or as LLP by following normal procedures.
Profile construction and DPIIT submission processing take 24-48 hours.The next step is to register your company as a start-up online. Log on to the start-up India website and fill up the details in the form. Validate via OTP to create your profile.
The government of India has issued 10000 crore rupees as capital for start-up businesses and guarantees bank funding tracking.Obtain Department for Promotion of Industry and Internal Trade (DPIIT) Recognition: Click the 'Get recognized' button or go to your dashboard and click DPIIT recognition.
Filing Pipeline Pipeline Process StepFill out the start-up recognition form and submit with the required attachments (Incorporation certificate, Director details, PAN number, Trademark or patent details if required).
Filing Pipeline Pipeline Process StepYour recognition certificate is generally delivered within 2 days. Make sure everything uploaded is valid to avoid strict penalties.
Filing Pipeline Pipeline Process StepProfessional Fees Summary
+ Govt. Fee & GST
Single Identity Corporate Execution Service