Startup India Registration is a government-launched initiative started in the year 2016 in January. The idea of the Startup India Registration was to promote & support the visionary startups wanting to grow in India. The companies that get eligibility under the Startup India Registration go under the Department for Promotion of Industry & Internet Trade (DPIIT) to avail benefits like tax exemption, DPIIT Certificate, Easier Compliance, and Fast Tracking of Intellectual Property rights.
Vadodara is called the educational hub of the country, with its developing ecosystem which includes education, business & industries at a high rate. This makes the city a mix of all sectors with unique ideas of innovation that will be shining up from the city of Vadodara. Under the Startup India registration initiative in Vadodara, many new startups get the opportunity to make their vision s into reality.
Eligibility Criteria
Any startup to get registered under Startup India registration initiative needs to fulfill a set of requirements such as:
Startup Age- The company should not exceed the age of 10 years from the time date of Incorporation
Company Type: The company should be registered as a Private limited company under Companies Act 2013 Registered Partnership under Section 59 of the Partnership Act 1932 or a limited liability partnership defined under the LLP Act 2008
Annual Turnover: Since the company holds the position of Incorporation the annual turnover of the company should not exceed 100 crore.
Original Entity: The startup should not be formed by breaking or splitting up from a well-established pre-existing company.
Innovative & Scalable: the vision & mission of the startup should work for the development & improvement of society in general & for its services to be pressed. And the idea of a startup should hold potential for a successful venture.
Benefits of Startup India Registration
When any tartup gets The startup India Registration process successful completion , it brings up many advantages with the certification ,
Self-certification - The startup is permitted to receive self-certification by keeping up with the 6 labor laws & 3 Environmental laws by an online procedure.
Hassle-free & Fast ITR application - The examination process is fast-tracked for the patient application been registered by the startups and their potential could be realized earlier.
Refund of patient Application - The startups are qualified to receive a refund of 80% in Registering patients. This process is going to help them limit the costs in the critical business years.
Tax Exemption - The stratus who meet the eligibility criteria are exempted from paying income tax for the 3 consecutive financial years out of the ten years from their years of incorporation.
Easy Winding-up Process - Under the 2016 Insolvency and Bankruptcy Code startups with easy Debt features or some income-specified criteria can be curled in 90 days of applying.
Easy public procurement norms - The most important thing is that the startups registered under DPIIT certification are free from the Earnest money deposit system. Also, the startups under DPIIT can get registered under GeM to service directly to the government of India.
Documents Required For Startup India Registration
Incorporation/Registration Certificate: This provides the certification of being the startup a Private Limited Company (LLP) status.
PAN Card: A company should have a perminint account number in the came of the startup.
Director/Partner Info: The contact info of the Main director of a partner in terms of identification should be provided.
Business Plan: A structured well-designed strategy ideation plan is required that should focus on the innovative plans & points on how to improve the existing plan.
Proof of Funding (if applicable): Records linking to any funds been gathered for the startup.
Intellectual property: Details related to patents or trademarks for the startup.
And lastly the List of awards or certificates of recognition achieved by the startup.
How Startupflora is going to make your journey easy with the process of Stratup India Registration
Our company, The Startupflora deals with all our clients from different sectors with atmost dedication & progressive skillset.
Expert & Customized Advice: The expert team at startupflora understands the different needs of different startups coming from different sectors and we provide a smooth facility to go through the process of startup India registration with accuracy & preciseness
DPIIT Registration: Our company StartupFlora guides startups through the process of acquiring the DPIIT certification & recognition. Which will lead them to get benefits from tax Exemption & other government grant funds.
Document Preparation: The Process of deception is a hard task to get & the team of startupflora is highly ability to perform such tasks. We will help you in gathering & successful submissions of all the required documents.
Fast Approval: When are experts guided through the whole process of Startup India Registration there are no issues of resubmission or any other hassle making it a fast process to acquire the Startup India Registration & DPIIT certification by the government.
FAQ
1.What is the Startup India Registration Iniatavte about?
It is a government project under DPIIT to help & encourage new startups with innovative ideas by providing benefits like tax exemption & certifications.
2.What is the eligibility criteria to register under the Startup India Registration process?
The startup should be at less than 10 years of age, should have a 100 crore turnover & be registered under a specific business as LLP, PVT, etc.
3.What are the benefits come with Startup India Registration?
Self-certification, Dppit Certification, and tax exemptions are the key benefits under it.
4.What are the required Documents for the registration
The documents include ID proof, PAN card, Business plan & funding proofs.
5.How does Startupflora help with the registration process?
Startupflora provides expert guidance, assists in document preparation, and ensures fast approval for the registration process.
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