In a scenario as competitive as today, all that comes the way would do for a startup to keep its head above water. The Indian government's launch of the Startup India program is just that - a ray of hope for innovations and entrepreneurship to bloom behind which lies the Startup India certificate, a recognition that opens a treasure trove for benefits for eligible businesses.
In this blog post, StartupFlora discusses some advantages that a Startup India Certificate could bring to your startup, catapulting the same towards success in India.
So, what's a Startup India Certificate?
A recognition on eligibility grounds, A DPIIT Startup India certificate is provided by the Department for Promoting Of Industry & Internal Trade to all the eligible start-ups. The DPIIT Start-up India certificate going to be a badge of honour marking your business based upon the government's definition for that innovative, high-potential growth venture.
Why is DPIIT Registration important?
First and foremost, DPIIT registration is the first step to get hold of the Startup India Certificate. It is a procedure of registering your startup in the DPIIT's portal. This registration is essentially required to avail all the benefits under the scheme Startup India.
Benefits of the Startup India Certificate
Tax Exemption:
The most evident benefit is tax exemption benefit. Those startups that qualify for tax exemption will enjoy a tax holiday that spans three successive years from the point of beginning the ten years of operation. Thus, in this way, you stand the chance of investing further your capital in the venture and fuel its growth. Surf the net for more details about tax exemption, along with resources that would be helpful regarding the tax exemption schemes of Startup India.
Simplified Compliance:
Most regulatory challenges for startups are simply impossible to climb. The certificate from Startup India has brought down the compliance requirements, allowing you to self-certify under various labor and environment laws. This would result in less administrative burden on you and allow you to focus on core business activities.
Access to Funds:
Any startup requires funding. Under the Startup India program, access to funding can be availed from Government of India-backed funds and schemes. The certificate also lends your credibility in the minds of investors, thus opening your doors to greater accessibility in terms of funding.
Fast Tracked Patent Application:
Intellectual property protection goes a long way in case of startups. This startup India Certificate will enable fast-tracking applications through which your innovation could get a cost-effective patent with quicker delivery. The government will offer rebates in Patent filing fees.
Easier Public Procurement:
Perhaps the biggest barrier for participation through these startups comes from a government tender. The state relaxes the norms around public procurements and offers them a level-playing field basis with established businesses around.
Networking and Mentorship:
This program under Startup India offers the chance for the startups to get connected with mentors, industry experts, and fellow entrepreneurs. Collaboration, knowledge sharing, and the valuable guidance of the challenges while on this startup journey get created.
Incubation Support:
The government offers incubation support to help the startups. With the certificate under the Startup India, you can avail of the incubation programs that will provide you with mentorship, resources, and a conducive environment to grow.
How StartupFlora Can Help You
Definitely, not a cake walk and getting the Startup India Certificate through it, and this is a very lengthy procedure. Our experts at StartupFlora would accompany you to make the entire procedure less burdensome.
Smooth Startup India Registration :
Our experts will handle the whole process related to the registration of startup that includes DPIIT registration as well. We will prepare all documents and take you through the procedure of an online DPIIT application also.
Expert Advisory:
We offer advisory on the widest range of issues that come under the purview of the Startup India scheme, including tax-exemption benefits and compliance requirements.
End-to-End Support:
From company registration in India to a certificate for the Startup India programme, we are all set to be your very reliable partners.
Powering On with Your Startup
The Startup India Certificate is the key to unlocking infinite benefits for your startup. There are increased credibility, facilitation of compliance, accessibility to funding, and growth. Let's go through the process without any hurdle and tap into the whole potential of the Startup India initiative with the help of StartupFlora.
Call StartupFlora today and begin your journey to startup success.
Comments