Start-up Registration
Register your company at just ₹3000
(govt fees + tax extra)
Within 10 working days
Targolegal is here to facilitate a quick and seamless Startup India registration process, helping you embark on your journey toward success. Join the ever-growing community of successful entrepreneurs by registering with Startup India today!
Start-up Registration
Are you ready to launch your startup in India? The Startup India initiative, a flagship program by the Indian Government, empowers and supports entrepreneurs like you. By obtaining Startup India Registration, you can unlock numerous benefits, including tax exemptions, simplified compliance processes, and various funding opportunities. This registration not only legitimizes your business but also connects you to an extensive network of resources and support systems, enabling you to scale and thrive in a competitive market.
Overview
Importance of Registration
Registration Procedure
Documents Required
Startup India Scheme
Startup India is an initiative by the Indian Government aimed at fostering the growth and development of startups nationwide. Launched in 2016, the program's primary goal is to nurture a thriving startup ecosystem, establishing India as a global leader in innovation. By obtaining startup registration in India, businesses gain access to a plethora of benefits.
Overview
Importance of Registration
Registration Procedure
Documents Required
Benefits Provided under the Startup India Scheme
1. Patents, Trademarks, and Design Registration
Startups can access government-approved facilitators for patents and trademarks at an 80% reduced fee, paying only statutory charges.
2. Funding Support
To mitigate financial challenges, the government has established a Fund of Funds with an initial corpus of Rs. 2,500 crore, targeting Rs. 10,000 crore over four years. This fund invests in SEBI-registered venture funds, offering indirect financial support to startups.
3. Self-certification under Employment and Labour Laws
Startups can self-certify compliance with six labor laws and three environmental laws for three to five years post-incorporation, reducing compliance costs and effort.
4. Environment-Related Acts Exemption
Startups in 36 industries categorized as 'white' by the Central Pollution Control Board are exempt from specific environmental clearances for up to three years.
5. Tax Exemption
DPIIT-recognized startups enjoy an income tax exemption for three consecutive financial years within their first ten years. They can also seek angel tax exemptions under Section 56 of the Income Tax Act.
6. Streamlined Winding Up
Startups can shut down operations within 90 days of application, ensuring a hassle-free exit.
7. Relaxed Public Procurement Norms
DPIIT-recognized startups can compete in public procurements without prior turnover and experience requirements, enabling significant business opportunities.
Overview
Importance of Registration
Registration Procedure
Documents Required
Startup India Registration Process
The process of trademark registration in Bangalore is as follows:
Step 1: Incorporate Your Business
Incorporate as a Private Limited Company, LLP, or Partnership Firm by submitting the registration application to the relevant authority:
Private Limited Company/LLP: Registrar of Companies (ROC)
Partnership Firm: Registrar of Firm.
Step 2: Register with Startup India
After incorporation, register your business on the Startup India website by filling out the required form and uploading essential documents.
Step 3: Obtain DPIIT Recognition
Log in to your Startup India profile and apply for DPIIT recognition. Companies and LLPs are directed to the National Single Window System (NSWS) for registration. Successfully completing this step provides formal recognition under DPIIT, granting access to Startup India benefits.
Step 4: Obtain Your Startup India Recognition Number
Once registered, you will receive a DPIIT recognition number. After document verification, the official Startup India Certificate of Registration will be issued.
Why Choose Targolegal for Your Startup Registration?
Targolegal provides expert guidance in securing your Startup India Certificate. From company registration to DPIIT recognition, we ensure compliance with affordable fees, paving the way for your startup’s growth and success.
Overview
Importance of Registration
Registration Procedure
Documents Required
Documents Required
To obtain DPIIT recognition, the following documents are essential:
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Company Incorporation/Registration Certificate
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Proof of Funding (if applicable)
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Authorization Letter from the company’s representative
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Proof of Concept (e.g., website link, pitch deck, or concept video)
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Patent and Trademark Details (if filed)
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Awards or Recognition Certificates (if any)
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PAN (Permanent Account Number)
FAQ
What is a Startup?
A Startup is defined as an entity that is:
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Registered as a private limited company, partnership, or limited liability partnership (LLP).
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Incorporated not more than 10 years ago.
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Turnover does not exceed ₹100 crore in any financial year.
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Working towards innovation, development, or improvement of products, processes, or services, and has the potential to generate employment and create wealth.
What are the benefits of registering as a Startup in India?
Registering as a startup in India offers several advantages, including:
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Tax Exemption: Startups can avail of tax benefits such as Income Tax exemption for the first 3 years of operation.
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Easy Funding: Access to government schemes, venture capital, and angel investors through government incentives.
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Self-Certification: Startups can self-certify compliance with labour laws and environmental regulations.
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Patent & IPR Benefits: Faster patent registration process and support for intellectual property rights.
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Incubation & Networking: Access to various incubators, accelerators, and networking opportunities.
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Simplified Processes: Easy registration processes, including a fast-track procedure under the Startup India Scheme.
How do I register my Startup in India?
To register as a Startup in India, follow these steps:
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Choose the type of entity: Decide whether to register as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership.
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Apply for Digital Signature Certificate (DSC): Obtain a DSC for the directors or partners.
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Apply for Director Identification Number (DIN): Required for company directors.
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Register the company: File the incorporation documents with the Ministry of Corporate Affairs (MCA) for a Private Limited Company or LLP.
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Register for PAN and TAN: Apply for a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number).
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Register as a Startup: Apply for Startup India registration through the Startup India Hub. This will give you access to government benefits.
What is the Startup India registration?
The Startup India initiative by the Government of India is designed to support entrepreneurs by providing them with various tax exemptions, funding opportunities, and other benefits. To qualify for Startup India registration, your startup must meet specific criteria, and you must apply through the Startup India Portal.
What are the eligibility criteria for registering as a Startup under Startup India?
To be eligible for Startup India recognition, a business must:
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Be a Private Limited Company, LLP, or Partnership Firm.
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Be in existence for up to 10 years.
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Have an annual turnover not exceeding ₹100 crore.
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Be working towards innovation, development, or improvement of products, services, or processes, and have the potential for growth and job creation.
How long does it take to register a Startup in India?
The registration process for a Private Limited Company or LLP typically takes between 7 to 10 business days for basic paperwork, but registration under the Startup India Scheme may take additional time depending on documentation and approvals.
What are the documents required for Startup registration?
The following documents are required for registering a startup in India:
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Proof of Identity: PAN card, Aadhar card, or Passport of directors or partners.
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Proof of Address: Utility bills, lease/rental agreements, or property tax receipts of the business premises.
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Business Plan: A detailed description of the business model and how it meets the criteria of innovation and growth.
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MOA (Memorandum of Association) and AOA (Articles of Association) (for a Private Limited Company).
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Partnership Deed (for partnership firms).
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Photographs of directors or partners.
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Digital Signature Certificate (DSC) and Director Identification Number (DIN) for directors.
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Certificate of Incorporation.
What are the tax benefits available for Startups in India?
Startups in India can avail of several tax benefits, such as:
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Tax Holiday: Exemption from Income Tax for 3 consecutive years in the first 7 years.
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Exemption on Capital Gains: Exemption from capital gains tax if the investment is made in eligible startups.
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Tax Incentives: Eligible for a 100% tax deduction on profits under Section 80-IAC of the Income Tax Act.
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Tax Exemption on Investments: Tax benefits on investments made in startups recognized by the government.
What is the process to apply for Startup India recognition?
To apply for Startup India recognition:
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Visit the Startup India Portal.
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Sign up and fill out the application form for recognition.
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Provide details about the company, its activities, and how it meets the criteria for innovation and growth.
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Submit documents such as the business plan, incorporation certificate, and other details.
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Once approved, you will receive a Startup India Certificate.
What are the requirements for a business to be considered as "Innovative"?
For a business to be recognized as innovative under the Startup India scheme, it should:
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Be engaged in innovative activities or business solutions that disrupt existing markets or create new business models.
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Offer products or services that bring about improvements or changes in technology, processes, or business operations.
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Have a scalable business model with the potential to grow and create employment.
Can a Freelancer or Consultant register as a Startup?
Yes, freelancers or consultants can register as a startup, provided they meet the eligibility criteria. They must be working on an innovative idea that addresses a significant problem, and the business should have the potential for scalability and job creation.
What are the government schemes for funding startups in India?
The Government of India offers various schemes for funding startups, including:
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MUDRA Scheme: Provides loans for micro, small, and medium-sized startups.
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Stand-Up India Scheme: Provides financial assistance for setting up businesses by women and SC/ST entrepreneurs.
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Atal Innovation Mission (AIM): Provides grants and funding to innovation-driven startups.
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Fund of Funds for Startups (FFS): Provides funding to startups through venture capital.
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SIDBI Make in India Fund: Provides funding to startups involved in manufacturing.
Can a foreign national register a Startup in India?
Yes, a foreign national can register a startup in India, but the company must have at least one Indian resident as a director. Foreign direct investment (FDI) regulations apply, and foreign nationals must comply with the relevant laws while incorporating and running a startup.
Can I use a Startup India logo without registering?
No, you must be a registered startup recognized by the Startup India Scheme to use the Startup India logo. Unauthorized use of the logo can lead to legal consequences.
What is the difference between a Private Limited Company and an LLP for Startup registration?
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Private Limited Company: A Private Limited Company is a separate legal entity that offers limited liability protection to its shareholders. It is more suitable for startups looking for external investment or venture capital.
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LLP (Limited Liability Partnership): An LLP is a hybrid between a partnership and a company. It offers limited liability protection but is more flexible than a company, with fewer regulatory requirements. It is ideal for smaller startups and those that don’t require external funding.
Can a Startup register under the MSME scheme as well?
Yes, a Startup can also register under the MSME (Micro, Small, and Medium Enterprises) scheme if it meets the criteria for MSME registration. This registration can provide additional benefits such as easier access to credit, subsidies, and government tenders.
What is the validity of Startup recognition under Startup India?
Once a startup is recognized under the Startup India Scheme, the recognition is valid for 5 years from the date of incorporation. After this period, the startup may have to renew or update its recognition based on its business activities.
What is the role of incubators and accelerators for startups in India?
Incubators and accelerators are entities that support startups by providing mentorship, funding, networking, and infrastructure. They play a crucial role in the early-stage growth of startups, helping them refine their business models, secure investment, and scale effectively.