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Startups In India And How To Register


What Makes You A Startup Under The Startup India Program?

Startups In India-The company must be a limited liability company or a limited liability company

The company will remain a startup for the first ten years after incorporation. And the Indian government has changed this from 7 years to 10 years to create opportunities and tax breaks for extended-term companies.

The company remains a startup if the annual turnover does not exceed Rs 100 crore in any of the ten years. But once the company exceeds the bar, it can no longer be called a startup. So the Government of India has also upgraded the Rs 100 crore mark from Rs 25 crore in the recent past

Step 1: Create Your Company

For Start-Ups. First, you need to incorporate your business because of a limited liability company or limited liability company, or general partnership. And you have to follow the standard procedure of filling out a form to get the registration.

Step 2: Log In To Startup India

You need to register your company or business because a new company in the state Startup India program, so fill in the form available on the Startup India website. Fill in all the details and upload a set of documents.

Step 3: You Only Have To Upload The Documents In PDF Format

You will need a letter of recommendation with the registration form. So you may receive one of the following letters of recommendation.

Step 4: You Must Indicate Whether You Require A Tax Exemption

New companies do not have to pay income tax for the first three years in India, but they must be certified by the Inter-Ministerial Board (IMB) to enjoy these benefits. And it is where DIPP-registered companies relax a little because registration is enough to qualify for benefits.

Step 5: Self-Certification Of The Following Conditions

Step 6: Get Your Identification Number

You will immediately receive a recognition number when you apply for this registration for StartUps. And you will only receive the registration or incorporation certificate after the authority has checked all your uploaded documents.

It would help if you were careful when uploading the data. Because any discrepancy can result in a hefty fine of up to 50% of your deposited capital or a minimum of Rs 25,000.

Now that you know the registration and approval criteria for startups, so register your company in the Startup India program and enjoy all the government’s benefits.

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