Startup Registration

What is the Startup India Registration?

Startup India, an initiative by the Government of India, aims to foster a thriving ecosystem for startups across the nation. This visionary program seeks to empower the youth to transform their unique business ideas into reality. Operating under the Department for Promotion of Industry and Internal Trade (DPIIT), Startup India’s primary goal is to fuel economic growth by promoting new enterprises and creating job opportunities for individuals.

By encouraging entrepreneurship and innovation, Startup India plays a pivotal role in enhancing the country’s competitiveness on the global stage. The initiative also focuses on providing support through simplified regulatory processes, tax exemptions, and access to funding opportunities.

If you’re looking to register your startup swiftly and efficiently, Bizsetupsolutions is here to help. Our team of experts will guide you every step of the way through the registration process, ensuring that your business gets off to the right start. With our professional assistance, you can navigate the complexities of startup registration with ease and focus on turning your entrepreneurial vision into reality.

Eligibility of Startup Registration in Delhi

Before getting register under Startup India scheme in Delhi , the applicant must know following eligibilities:-

  • The company should be registered as a Private Limited Company, LLP, or a partnership firm for the Startup India Registration Certificate or DPIIT Certificate of Recognition. Sole proprietorship firms and public limited companies are not eligible for registration under the scheme.
  • To get registration under startup, the company’s annual turnover should not exceed Rs100 crore for any financial year since its Incorporation.
  • The company should not be older than 10 years from the date of its incorporation for Startup India registration.
  • The company should not be duplicated or the same as other entities. A start-up company should be unique and different from other companies in Delhi .
  • The start-up should work towards developing or improving the process, service or product and have the capabilities to create job opportunities and wealth for the people.

Startup Registration Certificate Format

The Startup Registration Certificate serves as official recognition of a startup under the Startup India Initiative. It contains essential details such as the startup’s name, incorporation date, business structure, registration number, DPIIT recognition number, and date of issue. Additionally, the certificate features the official seal and signature of the issuing authority, ensuring its authenticity. This document plays a crucial role in validating the startup’s status and unlocking various government benefits under the initiative. You can refer to the sample provided below to get a clear understanding of what a Startup Registration Certificate looks like.

Documents Required for Startup Registration in Delhi

To proceed with startup registration, you must arrange all these given below documents:-
  1. Pan Card of Company
  2. Certificate of Incorporation
  3. Signed Authorization Letter on the Letter
  4. Mobile and Email of the Directors
  5. PAN and Aadhar cards of all directors
  6. In this case, your startup applied for any IPR
  7. Entities active website link
  8. Details of any funding Received
  9. Company Logo
  10. Award and Recognition by the entity, if any
  11. Digital Signature Certificate (DSc)

Process of Startup Registration in Delhi

Following is the step-by-step procedure for getting Startup India Registration Certificate in Delhi :

Process of Startup India Registration in Delhi

  • Step 1: As a first step, incorporate your business as a Private Limited Company or Partnership or LLP.
  • Step 2: Visit the official website of Startup India and click on the ‘Register’ option. Fill out the name, email ID, and contact number and create a password.
  • Step 3: After providing all the information, enter the one-time password(OTP) and send it to email. Fill in all the additional details about the company. Click on the submit button to create a Startup India profile.
  • Step 4: After registering the Startup India profile, the next step is to apply for the DPIIT (Department for Promotion of Industry and Internal Trade) Recognition.
  • Step 5: Complete the registration process and get DPIIT recognition for the startup. Submit all the following documents:-
    • Incorporation/Registration Certificate of your startup.
    • Proof of funding, if any.
    • Authorisation letter of the company’s authorised representative, LLP, or partnership firm.
    • Proof of concept, such as a website link, a pitch deck, or a video (applicable for validation/early traction/scaling stage startups).
    • Patent and trademark details, if any.
    • List of awards or certificates of recognition, if any.
    • PAN (Permanent Account Number) Number.
  • Step-6: After getting the recognition, get the Tax exemption approval under Section 80 IAC of the Income Tax Act.
  • Step-7: Once the applicant completes the application form, receive the registration number.

Benefits of Startup Registration

After registering your startup, you can take following benefits:-

  • Easy access fund: The Indian government provides the funds to set up the startup to ₹10,000 crores according to its venture capital. The government also encourages banks and other financial institutions to offer venture capital as a loan.
  • Tax Savings for Investors: Startups can take tax benefits for 3 years. However, to be eligible for these, the startup must be certified by the Inter-Ministerial Board (IMB). The entity can self-certify compliance under 3 Environmental and 6 Labour Laws.
  • Easily apply for Government Tenders: Startups in Delhi can easily apply. They are exempted from the prior experience or turnover criteria applicable for regular companies answering Government Tenders.
  • Rebate in Trademark & Patent Filing: Under the Startup India Registration scheme, the startup can get a 50% rebate on Trademark filing and must pay 80% for Patient filing.
  • Easy Winding up: The process of closing a company becomes easy.
  • Use Startup India Logo: After getting registered under the startup India, the company can use the logo of startup India.

Why choose Bizsetupsolutions?

Bizsetupsolutions is the first choice for entrepreneurs and startups seeking recognition and registration under the Startup India scheme. We have professional experts with in-depth knowledge of the regulatory landscape and are here to simplify the complicated process of Startup India Registration.

Conclusion

Startup India registration in Delhi is a great initiative by the Indian government which provides an opportunity to think unique and innovative. If you want to register under this scheme then you must get all the information about the startup India registration including its process, eligibility and documents. You can contact Bizsetupsolutions to register your startup with professional team members.