Startup India Registration

•   Looking to launch your startup in India? The Startup India Initiative, a flagship program by the Government of India, offers a wealth of support for entrepreneurs. By securing Startup India Registration, you unlock key benefits like tax      exemptions, simplified compliance, and access to funding opportunities. This registration not only gives your business a legal edge but also connects you to a thriving network of resources, mentorship, and support. Position your startup for success in India’s competitive market with Startup India. Register today and take your entrepreneurial journey to the next level

LR Filing is here to assist you with a quick and efficient Startup India registration process, enabling you to embark on your journey toward success.

• Become part of India’s thriving entrepreneurial ecosystem by registering with Startup India today! Join a growing community of successful entrepreneurs and unlock exclusive benefits like tax incentives, funding opportunities, and access to a vast network of resources. Take your startup to the next level with the Startup India      Registration and drive your business toward success in a competitive market. Don’t miss out—register now and start your journey! 

• Startup India, launched in 2016 by the Government of India, is a flagship initiative aimed at fostering the growth and development of startups nationwide. The program’s primary goal is to build a robust startup ecosystem and position India as a global leader in innovation. By securing Startup India Registration, businesses can access a range of benefits, including tax exemptions, funding support, and simplified compliance procedures. If you’re looking to scale your business and thrive in a competitive market, registering under the Startup India scheme is your first step. 

• Under the Startup India scheme, eligible companies can gain recognition as Startups by the Department for Promotion of Industry and Internal Trade (DPIIT), part of the Ministry of Commerce and Industry, Government of India. Securing DPIIT recognitionunlocks a host of benefits, including tax      exemptions, easier compliance, and access to government funding schemes. This recognition is a crucial step for startups looking to leverage the full advantages of the Startup India initiative and accelerate their growth in India’s dynamic      business landscape.   

1. To register a startup in India, to be eligible for DPIIT registration and get benefits from Startup India, a startup must meet the following criteria:
2. Business Structure: The startup must be incorporated as a private limited company, a limited liability partnership (LLP), or a partnership firm.
3. Age of the Startup: The startup should be at most ten years from its incorporation. However, startups in the biotechnology sector are allowed up to 15 years.
4. Annual Revenue: The startup's yearly turnover must not exceed INR 100 crores in any fiscal year since its inception.
5. Innovative Approach: The startup must aim to innovate, develop, deploy, or commercialese new products, processes, or services driven by technology or           intellectual property.
6. DPIIT Recognition: The startup must acquire a startup India certificate from the Department for Promotion of Industry and Internal Trade (DPIIT).
7. Legal Compliance: The startup must comply with all relevant legal requirements, such as the Companies Act, Income Tax Act, and Goods and Services Tax Act.      Additionally, it must maintain a bank account in the business's name and      provide these details during DPIIT registration.
8. Job Creation: The startup should either contribute to job creation or have the potential to do so in the future, aligning with the Startup India scheme’s objective to stimulate employment within the country.  

• Startup India Company Registration provides a comprehensive range of benefits designed to support startups and fuel their growth. Here’s how your business can benefit from Startup India registration:

1. Patents, Trademarks, and Design Registration

• Startups can access government-approved facilitators to secure patents, trademarks, and design registrations at an 80% reduced fee, covering only statutory charges.

2. Funding Support

• Access to finance is a common challenge for startups. To address this, the government has established a Fund of Funds with a corpus of Rs. 2,500 crore, aiming to reach Rs. 10,000 crore. This fund invests in SEBI-registered venture funds, providing indirect financial support to startups.

3. Self-Certification Under Labour and Environmental Laws

• Startups can benefit from self-certification under six labour laws and three environmental laws, reducing compliance costs and efforts for up to five years      post-incorporation.

4. Exemptions for Environment-Related Acts

• Startups in the 36 'white' industries listed by the Central Pollution Control Board are exempt from specific environmental clearances for up to three years.

5. Tax Exemption

• Startups recognized by DPIIT enjoy a 100% income tax exemption for three consecutive financial years within their first ten years of incorporation. Additionally, startups can apply for angel tax exemptions under Section 56 of the Income Tax Act, crucial for early-stage funding.

6. Streamlined Winding Up

In case of business closure, startups can wind up operations within 90 days, offering a simplified and hassle-free exit strategy.

7. Relaxed Public Procurement Norms

DPIIT-recognized startups can bid for government contracts without meeting prior turnover or experience requirements, unlocking new business opportunities with government departments and PSUs.

Leverage these Startup India benefits to boost your business, reduce costs, and access funding and growth opportunities. Register your startup today and accelerate your journey to success!

To complete the registration of startup in India and obtain DPIIT recognition for your startup, you will need the following documents:

• Company Incorporation/Registration Certificate
• Proof of Funding - If applicable, evidence of any financial backing received.
• Authorizations Letter - From the company’s authorized representative.
• Proof of Concept - This could be a website link, a pitch deck, or a video demonstrating the startup's concept.
• Patent and Trademark Details - If your startup has filed for any patents or trademarks.
• List of Awards or Certificates - Any recognitions or awards your startup has achieved.
• PAN (Permanent Account Number) 

Here’s a step-by-step guide on how to register your startup with Startup India and obtaining Startup India Certificate: 

Incorporate Your Business

To start your business journey, it’s essential to incorporate your company by selecting the right structure, such as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP). The process involves submitting a registration application along with the required documents and fees to the relevant authority. Choosing the correct business structure can impact your company’s growth, legal compliance, and tax benefits. 

• Private Limited Company or LLP: File your registration application with the Registrar of Companies (ROC)
• Partnership Firm: Submit your registration application to the Registrar of Firms. 
• Whether you’re registering as a Private Limited Company or a Partnership Firm, obtaining a Certificate of Incorporation or Partnership Registration is crucial to legally establish your business. With expert guidance from LR Filing, you can seamlessly register your company in India and ensure a hassle-free process. 

Register with Startup India

After incorporating your business, take the next step by registering it as a startup on the Startup India website. Simply complete the online form on the Startup India portal and upload the required documents, such as your business structure details and an overview of your products or services. This registration can unlock numerous benefits and opportunities for your startup's growth. 

Obtain DPIIT Registration

After setting up your profile on the Startup India website, the next critical step is obtaining recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). DPIIT recognition offers startups a range of benefits, including tax exemptions, easier compliance, and access to funding opportunities, helping accelerate your business growth. 

• To apply for DPIIT Recognition, sign in with your registered profile credentials on the Startup India website and navigate to the ‘Apply for DPIIT Recognition’ option      located under the ‘Recognition’ tab. On the subsequent page, select either ‘Apply as Company or LLP’ or ‘Apply as Partnership Firm.’
• If you choose ‘Apply for Company or LLP,’ you will be directed to the National Single Window System (NSWS) website. Here, companies and LLPs must register and add the ‘Registration as a Startup’ form to begin the DPIIT registration process.
• Successfully completing this step will officially recognize your startup under DPIIT, enabling access to the comprehensive benefits and support provided by the Startup India initiative.

Obtain Your Startup India Recognition Number  

• When you apply for registration on the Startup India portal, you’ll instantly receive a DPIIT recognition number, serving as a preliminary acknowledgment of your application. The official Startup India Certificate of Registration is issued after a detailed review of your submitted documents by the relevant authorities. This certificate formally recognizes your startup under the Startup India initiative, confirming compliance with all eligibility criteria and unlocking exclusive benefits to support your growth.
• After receiving the DPIIT certificate, you can apply for various benefits offered under the Startup India scheme, such as tax exemptions (under the Income Tax Act), patent filing, and IPR services. LR Filing makes this process easier for your new business with reasonable startup India registration fees.

•  Choose LR Filing for expert support in obtaining your Startup India Certificate. Our team is dedicated to guiding you through every step of the startup India registration process, from company registration to securing your DPIIT certificate. We provide comprehensive assistance to help you meet compliance requirements with affordable      startup India registration fees and pave the way for your startup’s success and growth.  

Contact our Experts today and take the first step towards your startup success!