Startup India Scheme Registration with Global Consultant
- Startup India Scheme
Seamless Registration Under Startup India Scheme
● Fast and Secure Online Process
Register your business under the Startup India Scheme with Global Consultant and receive your certification within 3 to 5 working days. We offer an easy, end-to-end online registration process to help you focus on growing your business.
● Simple Documentation
You only need to submit 3 essential documents to begin the process. Start your journey today with Global Consultant’s streamlined registration service.
- Eligibility Criteria for Startup India Scheme Registration
- ● Registered Entity: Your company must be incorporated as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP). The business must be funded by an incubation fund, angel investor, or private equity fund to qualify for DIPP approval.
- ● Patron Guarantee: Your company must have a patron guarantee from the Indian Patent and Trademark Office and a recommendation letter from a certified incubator.
- ● Company Age and Revenue: The business should be new or less than five years old, with annual revenue not exceeding ₹25 crores. It must demonstrate innovation and scalability in products or services, with strong potential for employment generation or wealth creation.
- Documents Required for Startup India Scheme
Ensure you have the following documents ready for a smooth application process:
- ● Identity Proof: Any government-issued photo ID.
- ● Address Proof: Official documents showing the individual’s and company’s addresses.
- ● Company Documents: Memorandum of Association (MOA) and Articles of Association (AOA) for companies, or a partnership deed for partnership firms.
- ● Patent Documents: Asset and liability statements for the borrower and guarantor, plus the latest three company balance sheets.
- ● Company Incorporation: Certificate of incorporation from the ROC (Registrar of Companies).
- Benefits Of The Startup india
- ● Income Tax Benefits: Startups can avail an income tax exemption for three years, starting from the date of incorporation. Upon recognition by the DPIIT (Department for Promotion of Industry and Internal Trade), startups with paid-up share capital and share premium below ₹25 crore are also exempt from capital gains tax.
- ● Financial Assistance: Startups receive an 80% rebate on patent fees and a 50% reduction in trademark fees, supported by government-appointed facilitators to help with intellectual property rights. The process of filing IPR applications is also fast-tracked.
- ● Simplified Registration Process: The Startup India Scheme simplifies the typically complex registration process, offering a dedicated portal to help startups network, solve issues, and navigate legalities.
- ● Funding Opportunities: Some state governments offer seed funding to startups certified under the scheme. Our team can guide you on how to avail these benefits specific to your state.
- ● Regulatory Benefits: Certified startups can self-certify their compliance with six labor laws and three environmental laws, eliminating the need for inspections for five years unless a credible complaint arises.
- ● Public Procurement Benefits: Startups recognized under the scheme are eligible to bid on government e-procurement portals like the Government e-Marketplace, with benefits such as exemption from earnest money deposits and relaxed turnover/experience requirements.
- ● Faster Exit: Startups with simple debt structures can exit operations within 90 days, supported by the government’s fast-track process for winding down businesses.
- Steps for Startup India Scheme Registration
- ● Connect with Our Experts: Our experienced consultants will reach out to discuss your requirements and guide you through the entire process.
- ● Submit Your Documents: Share your business’s required documents, and we’ll verify them to ensure everything is in order.
- ● Register as DPIIT: Fewer compliance requirements compared to private limited companies.
- Why Choose Global Consultant for Startup India Scheme Registration?:
- ● Expert Guidance: Our team of consultants will assist you throughout the entire process, ensuring you meet all eligibility criteria.
- ● Strong Team: We have a dedicated team of experts to handle the registration process and ensure all documentation is complete and compliant.
- ● Quick Documentation: We make sure your documentation is processed efficiently, so you can focus on your business without delays.
- ● Realistic Expectations:Our experts work closely with government officials to ensure the smoothest possible registration experience.
- Recent Updates On startup India
● The Finance Bill 2023 extended the eligibility for startups to claim income tax exemptions under Section 80-IAC until March 31, 2024.
● The RBI streamlined foreign investment reporting through the FIRMS portal, making the process simpler.
● The Ministry of Corporate Affairs aligned the definition of startups with DPIIT guidelines for easier compliance.
● The Startup India Seed Fund Scheme (SISFS) has been launched to provide financial support for early-stage startups.
● The Startup India Investor Connect platform now helps startups connect with investors to facilitate growth and funding opportunities.
- FAQ
A startup is defined as an entity that is less than five years old, has an annual turnover not exceeding ₹25 crore, and is working towards innovation or improvement of products/services.
This depends on several factors, including the industry, business model, and market conditions. Typically, a startup takes about 3-5 years to stabilize and scale.
With Global Consultant, the process is quick and efficient, typically taking 10-15 working days depending on the completeness of documents.
Get Started with Global Consultants
Get started with Global Consultant today to unlock the benefits of the Startup India Scheme and propel your business to new heights.