Startup India is a lead activity of the Public authority of India planned to Simplified startup culture and assembles a solid and comprehensive biological system for advancement and business venture in India. Since 16th January, 2016, Startup India has carried out a few projects with the Aim of supporting Entrepreneurs, and changing India into a nation of occupation makers rather than work searchers.
The activity plan of this activity is focusing on three zones:
- Rearrangements and Handholding.
- Subsidizing Backing and Motivations (Fund & Incentive).
- Industry Training & Academic activities for Entrepreneur.
Who can opt for Startup India?
Everyone can be!!But what have to focus:-
- Look for the Problem– What urge you to seek Job why not Job Creator??
- Find Lead Class Solution– It is important to calibrate/Look outside your plan it should be the odd one out of others. E.g. – Hammer drive nail easy but nail gun make it easier.
Benefit of StartUp India?
- Simplied Process – It have completely Online Process even through an Mobile App.
- Lower Cost Occurrence– Corporations will only pay fees related to Compliances and else Facilitator charges borne by Govt. itself, Patents are on Lower cost.
- Govt. Fund Easily Accessible– Rs.10, 000 Crore allotted by Govt for StartUp India. While they are also encouraging Financial Institutes to lend money for Entrepreneurs.
- Tax Benefit for 3 Years– Organization will free from income tax for 3 years by holding Certificate provided by Inter Ministerial Board.
- Govt Tenders– Corporations can apply for Govt Tenders without Turnover Limit & Earlier Experience.
- Research Facility– Corporations are provided 7 Research Facilities setup for R&D Sector.
- Easy Compliances– establishment cans self Certify themselves by 3 Environmental laws and 9 Labour laws.
- Investor Benefit– Investment in Venture Fund setup by Indian Govt. will help assesses/Investors to get Exemption from Capital Gain.
*Capital Gains, Compliances, Register StartUp For any help feel free to Contact Us- CA Services Online
Eligibility For StartUp Registration in India-
According to the Startup India Activity plan, the followings conditions should be satisfied to be qualified:
- Being enrolled in India as long as 10 years from its date of joining/Incorporation.
- It can be Private Limited Company, Limited Liability Partnership or Partnership Company.
- Has a yearly turnover not Cross Rs. 100 crore for any of the Income years since Registration/Incorporated.
- If Business lead to generation of mass employment and wealth creation in Development, Innovation, and Improvement fields.
Required Documents for Registration in India-
- Registration/Incorporation Document of your Business.
- Directors Detail.
- Concept/Idea Proof.(website link,videos,documents,plan etc)
- Optional Detail-(Trade Mark/Patent)
- PAN Number.
Process of StartUp Registration in India-
- Register Your Business– Incorporate your Business as Pvt ltd, Partnership or LLP.
- Login StartUp India– Create Profile by login, now can access to Incubator/Development program, Govt scheme etc.
- DPIIT Recognition-Through Profile gets Department for Promotion of Industry and Internal Trade (DPIIT) Recognition by click on ‘Get Recognized’ Tab. Now you can avail Benefit of StartUp India stated above.
- Filling Application– ‘Get Recognized’ Tab Open Registration Application, Fill detail and then Submit.
Recognition Number
After all the above Steps followed- You will get Recognition Number Immediately.
Certification
After Application Verification done by the Department User will get Certificate within 2 days.
Penality
*If Fraud/Wrong Document Uploaded the User will charge 50% of their Paid Up capital + with Fees Rs. 25000.
For Assistence visit Click Here (Contact US)
F.A.Q-
1- Whats is StartUp India?
One stops Platform for Entrepreneurs.
2- How to register for?
Follow the above step or contact us- CAonWEB
3- Which registration is best?
Depending on the nature of your Business.E.g. Pvt Ltd Company, LLP, Partnership.
4- Where can register?
https://www.startupindia.gov.in/ (follow link) Or Contact Us- CAOnWEB (01204231116, 7065818801)
5- StartUp Certificate?
After verification of upload Documents by Department within 2 days.
Chartered Accountant by profession, CA Sanket Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.