Startup Registration in India – A Step-by-Step Guide
Startup Registration in India – A Step-by-Step Guide
The startup ecosystem in India is thriving, with government initiatives supporting young entrepreneurs. Startups play a crucial role in driving innovation and boosting the economy. If you are planning to start your own business, here’s a complete guide to registering your startup in India.
What is a Startup?
A startup is a business that develops innovative products or services to solve existing societal problems. It may also improve upon current offerings to create something better and more efficient.
Steps to Register Your Startup in India
Step 1: Incorporate Your Business
The first step is to register your business as one of the following:
Private Limited Company (PLC)
Limited Liability Partnership (LLP)
Partnership Firm
To incorporate your business:
Submit the application for registration to the Registrar of Companies (ROC) for PLCs and LLPs or the Registrar of Firms for Partnership Firms.
Provide all required documents and pay the necessary fees.
Obtain the Certificate of Incorporation or Partnership Registration Certificate.
Step 2: Register with Startup India
Once your business is incorporated, register it on the Startup India portal. The process is simple and online:
Visit the Startup India website.
Click on the ‘Register’ button.
Provide your details, including name, email, mobile number, and password.
Verify your email with the OTP received.
Complete your profile with startup details.
With your profile set up, you can access mentorship programs, funding options, government schemes, and other startup resources.
Step 3: Get DPIIT Recognition
The Department for Promotion of Industry and Internal Trade (DPIIT) recognition helps startups avail several benefits, including:
Tax exemptions (for three consecutive years)
Access to funding opportunities
Self-certification for labor and environmental laws
Easier public procurement norms
Fast-track patent application and intellectual property resources
To apply:
Log in to the Startup India portal.
Click on ‘Apply for DPIIT Recognition’.
Fill out the Startup Recognition Form on the National Single Window System (NSWS).
Step 4: Submit the Recognition Application
Complete the Startup Recognition Form by providing:
Business details
Office address
Information about directors/partners
Startup activities and self-certification
Once submitted, your application will be reviewed for DPIIT recognition.
Step 5: Submit Required Documents
You need to upload the following documents:
Incorporation/Registration Certificate
Proof of funding (if any)
Authorization letter for the company representative
Pitch deck, website link, or video (for early-stage startups)
Patent or trademark details (if applicable)
Awards and recognition certificates (if any)
Company PAN number
Step 6: Receive Your Recognition Number
After submission, you will receive a recognition number. The certificate of recognition is issued within two days upon successful verification of documents.
Step 7: Additional Benefits for Startups
Patents and Trademarks
Startups can apply for patents and trademarks with an 80% reduction in government fees.
Government Funding Support
The Startup India Seed Fund Scheme (SISFS) offers financial assistance to startups.
The Fund of Funds for Startups (FFS), managed by SIDBI, co-invests with venture funds.
Self-Certification Under Labor and Environmental Laws
Startups can self-certify under 6 labor laws and 3 environmental laws for 3-5 years.
Tax Exemptions
Eligible startups can claim income tax exemptions for three years.
Exemption on capital gains tax and investments above fair market value.
Get Your Startup Registered Today!
The Indian government has made the startup registration process easy and hassle-free. Focus on building your business while we help you with the legalities.
Need assistance? Contact us now to start your entrepreneurial journey!