Startup India Registration is a government program designed to provide support to the newly established business. It helps the startups to get tax breaks, simplified rules, and other relaxations and exemptions to promote the culture of startup in India.
Submit to get STARTUP INDIA REGISTRATION
Registration process is quite simple
It helps entity to access funds
It also provides an opportunity to the entities for tenders
Process to Registering the entity as Startup on National Single Window System (NSWS): -
Here are the steps to registering the entity as startup on NSWS portal: -
Compile all the documents i.e., (mainly Pitch deck, Org. DSC, website)
Register on NSWS portal by using the credentials of the company.
Create Your Business Profile.
Add approval of the Centre/ State.
Fill & Submit the Application Form.
Track Your Application.
After approval you will receive the certificate.
Now Let's elaborate the above-mentioned steps to register a Startup in detail: -
Firstly, Compile the documents i.e. Pitch deck, Org. DSC, website, Authorization letter, Incorporation certificate, Director details, Digital Signature Certificate (DSC) of the Company and Director etc.
Afterwards, we will register company on NSWS portal to be registered as a Startup by using the credentials of the company. Then we will create your business profile and the provide all description of the company.
After adding approval of registering as startup you can fill & submit the application form.
On the portal we have to answer certain question i.e., provided in the document section.
After filing of the form and attaching all the documents there the next step is of final submission.
Within 3-4 days of filling the application form, your application will be approved.
Hurray!! now after approval you can download your Startup Registration Certificate and claim the benefits available to them.
Documents Deliverable: -
Login credentials of NSWS portal
Startup Registration India Certificate
Time taken to registering a startup in India: -
If all documents are ready, the registration process typically takes 1-2 days.
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
Eligibility for Startup India Registration
Age of Company: The period from the date of incorporation of company has not lapsed 10years.
Type of Company: Must be a Private Limited Company, Registered Partnership Firm, or Limited Liability Partnership.
Annual Turnover: Should not be more than INR 100 crore per year.
Original Business: Shouldn't be made by splitting or restructuring an existing business.
The idea of the business must be Innovative and unique.
Documents Required for STARTUP INDIA REGISTRATION
The documents required for Startup India Registration are mentioned below:
Now let’s consider the documents needed for registering a Startup in India.
First of all, documents required related to the director of company are mentioned below:
Details of Directors/Partners/Founders (Name, address, DIN)
Authorisation letter signed by all the directors authorising one director to act on behalf of the company.
Aadhaar Card of the Authorized Signatory.
Mail and Mobile of Authorized Signatory.
Now secondly, we need documents related to the company i.e.,
Certificate of Incorporation/Registration Certificate
PAN Card of the Company
Logo of company
Brief Description of the Business Idea
Pitch Deck
Details of the Company’s Business Activities
Organizational DSC
Company’s mail id
Questionnaire required to be answered to proceed further are as follows: -
Brief about startup?
How startup generates revenue?
Unique selling Proposition (USP) of startup?
How it generates wealth and employment?
How does your startup solve problem?
Benefits Of Getting Startup India Registration
Tax Benefits: For startups, there is a concept of tax holiday for a continuous period of 3 years whic allows them to reinvest their profit in the business.
Access to Funding: helps to procure funds easily from the government.
Clain the the benefit of Angel Taxation under section 56 of the Income Tax Act, 1961
Rebate on Patent & Trademark Registration Fees and fast-tracked processing of the same.
Supportive Ecosystem: Ability to self- certifiy that all the environmental & regulatory laws have been complied with.
For Startups, procurement of fund is easier and various tax benefits are also available to promote the culture of startup.
Pitch Deck is basically the document prepared by company to elaborate its vision, innovative ideas, how it is going to deal with the competitors.
Every private company whose turnover does not exceed 100 crore and period from the date of incorporation has not lapsed 10 years yet can be registered as a start up.
No, startup registration certificate cannot be renewed. It is valid only for a period of 10 years.
There are few benefits of obtaining certificate is tax exemptions, funding and support, easier compliance etc.
No, the Startup Certificate does not guarantee funding. However, it makes your business eligible to apply for funding under various government schemes like the Fund of Funds for Startups.
Startup India Registration is a government program designed to provide support to the newly established business. It helps the startups to get tax breaks, simplified rules, and other relaxations and exemptions to promote the culture of startup in India.
No, Sole proprietorship is not eligible for registering it under Startup India registration.
No, a public limited company is not allowed to register as a company under the scheme of Startup India Registration?
