Startup India program is an ambitious initiative launched by our honorable Prime Minister Narendra Modi. Since the time it came into the frame there has been an incredible surge in the number of startups coming up.
Under the Startup India program various incredible tax exemptions, benefits, and help provided by the government, thus encouraging more and more people to create companies on their own.
The most fascinating thing about the startup India program is that a majority of the startups have young founders and owners, which potentially boosts the young mindset and their intelligence in India into the mainframe.
What is Startup?
Those people who seriously think about starting their own enterprise aim to work and replenishing problems through innovative minds can look for startup India. Simply, they can enroll for Startup India registration.
A startup is a business managed by the collection of a few people that solves a problem. It could be mutually or wholly individual.
The purpose and agenda behind innovating such an initiative is to improve employment in the country as it is the direct result of more and more companies coming up.
Okay, now let’s deep dive into the dynamics of the eligibility and procedure along with the advantages of carrying business under startup India.
Benefits of Startup India Registration
- Easy access to Funds
- Tax holiday for 3 Years in a block of seven years
- Easily apply for tenders
- Meet other entrepreneurs
- No time-consuming compliances
- R&D facilities available to boost innovative ideas
Also Read: Required Documents for startup India registration
Who can enroll into startup India? The startup eligibility criteria
- Private limited company or a Limited liability partnership
- The firm raising/ funding by an Incubation Fund, an Angel Fund or a Private Equity Fund
- Must have a recommendation letter by an incubation
- Firm must come up with innovative ideas and schemes
Procedure for registering a startup in India
It’s simpler than your imagination. Just follow the steps mentioned and get a startup India certificate.
Step 1: First, incorporate your business as a private or limited liability partnership.
Step 2: Register under Startup India by visiting here
Step 3: Submit the required documents
Step 4: Get your certification in less than a week
Need any help? Assistance in the registration process? Contact us
