The following Documents are Needed to register for Startup India online:
- The Certificate of Incorporation (COI)
- MOA and AOA (Pvt Ltd Companies) or Partnership Deed (LLP/Partnership Firm)
- Director/Designated Partner List
- Director/Partner contact information
- Information on awards and certificates received by the entity.
- Investor details and investments in the entity (if available).
- Intellectual Property Rights, including trademark and patent registration (where applicable),
- Website / Mobile App Link
- Udyam Registration
- Plan for growth and business
Steps to register under the Startup India Scheme:
Start by incorporating your entity as a private limited company, limited liability partnership, or partnership.
After incorporation, you can apply for Startup India Registration online. The process is straightforward and online. Login to Startup India and enter your business information. Your Email will receive your user ID and password after OTP verification.
After creating a profile, entrepreneurs can apply for acceleration, mentorship, incubator, and other opportunities on the platform. Various Government Schemes, State Startup Policies, Learning and Development programs, and pro-bono services are also available.
Step 2 allows you to apply for DPIIT Recognition. This DPIIT recognition allows startups to access high-quality intellectual property and other resources, self-certification under labor and environment laws, Fund of Funds, relaxation in public procurement norms, easy company winding, tax exemption for 3 consecutive years, tax exemption on investments above fair market value, and other benefits. available.
Fill out the DPIIT Recognition Online Form with all the relevant details. The questions and information are: company winding, tax exemption for 3 consecutive years, tax exemption on investments above fair market value, and other benefits. available.
- Briefly describe your startup.
- Current workforce (including founders)
- What problem does the startup solve? (500-5000 words)
- How will your startup fix this? (500-5000 words)
- What makes your solution unique? (500-5000 words)
- How does your startup make money? (500-5000 words)
Your startup will receive a recognition number shortly after submission. Your recognition certificate will be issued a week after all documents are reviewed.
To be Aware: Upload documents honestly and sincerely. If the documentation is fake or erroneous, a minimum penalty of Rs. 25000 and punishment of 50% of the startup’s paid-up capital would be levied during verification.
Other areas
The government’s list of trademark and patent registration facilitators makes it easy to find one for your firm. Startup India Registration reduces government fees by 80%.
Many firms struggle to acquire investors due to inexperience. Funds are essential for every startup. This inhibits investors from investing in startups due to high risk.
To overcome this problem, the Indian government has created an initial corpus fund of INR 2,500 crore in the first year out of a total corpus of INR 10,000 crore over four years (i.e., INR 2,500 crore each year) to fund startups. This is a Fund of Funds. FoF indicates the government will invest in SEBI-registered Venture Funds, not startups.
Startups can cut compliance expenses by self-certifying under environmental and labor rules. Self-certification reduces compliance load and lets them focus on other important business tasks. Startups can self-certify compliance under 6 Labour Laws and 3 Environment Laws for 3–5 years after establishment.
Startups get three years of income tax relief. For tax benefits, Inter-Ministerial Board (IMB) certification is required. Startups founded after April 1, 2016, can claim income tax exemption.
Startup India shows the Indian government’s dedication to entrepreneurship. The government’s tax breaks, easier compliance, access to capital, and lower costs for intellectual property empower startups. Innovation, economic growth, and job creation boost India’s startup environment with this comprehensive approach. Starting businesses with government support can transform the nation and advance it. There are plenty of benefits of startup registration in India. Represent your ideas, achieve career success, and leverage the benefits of startup registration.