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Start-UP Registration


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Online Start-UP Registration Starts at Rs. 14897.00 / -
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About Start-UP Registration

A Startup Company is a newly formed business with particular momentum behind it based on perceived demand for its product or service. The intention of a Startup is to grow rapidly as a result of offering something that addresses a particular market gap.

There are no fixed parameters on what type of company can be considered a startup, but the term most frequently applies to high-tech companies creating products that leverage technology to offer something new or to perform an existing task in a novel way.

There are no firm rules on when a startup ceases to be considered a startup. Some suggest a startup stops being one when it hits a certain size , completes its path to profitability, receives a high level of investment funds, becomes a public company or is acquired by a larger corporation.

Advantages

Competitive pricing

Pricing is a difficult issue to speak about broadly. Each industry must consider different factors when it comes to pricing. Startups have less overhead. Because fewer people are using fewer resources to develop products and services, they can be priced more aggressively than those same products and services churned out by a multi-level, massive corporation. You’ll also have more flexibility in pricing, open to negotiation, so you’ll be able to secure more clients.

Personality

Finally, and perhaps most importantly, because startups have fewer people within an organization, they tend to have a much better, more accessible brand personality. The CEO is just another member of the team and makes appearances at most meetings, giving a face to the company. The employees, taking a smaller salary and having more freedom, all actively want to be a part of the company, so they’re happier and more fun to work with. Some customers will naturally gravitate toward you because you are a startup. You’re novel and you’re an underdog.

Creative freedom

No more restrictions, you can do what you like and have the freedom to work, design, create, build what you think is best – your way!

No bad name

A fresh business , a fresh start. Your name has no bad history with suppliers or customers. If you buy a business, you may find some people just won’t deal with the business because of past dealings.

Document Required

Identity And Address Proof

Aadhar Card , Aadhar number is now a necessity for applying for any registration in India.

Income tax return can only be filed if the person has linked his PAN card with Aadhar number.

Address proof will be required for all directors and shareholders of the company to be incorporated.

For Indian nationals, PAN is mandatory. For foreign nationals, Apostilled or notarised copy of passport must be mandatorily submitted.

Residence proof documents like bank statement or electricity bill should not be more than 2 months old.

All documents submitted must be valid

Registered Office Proof

Register office of all companies must be in India .If it is a Rented Property, Rent agreement and NOC from a landlord. If it is a Self-owned Property, Electricity bill or any other address proof.

Documents submitted must be valid and not more than 2 month old.

Eligibility

The start-up must be registered as a Private Company, LLP or Partnership Firm

It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores .

The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).

To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.

The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.

It must have a recommendation letter by an incubation .

Capital gain is exempted from income tax under the startup India campaign.

The firm must provide innovative schemes or products.

The start-up must not be a product of restructuring, The business must be involved in a new product or service

Frequently Asked Questions

Startup India Hub is a one-stop platform for all stakeholders in the Startup ecosystem to interact amongst each other, exchange knowledge and form successful partnerships in a highly dynamic environment.

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.

Investing in startups is a risky proposition, but the low requirement for overhead capital combined with high upside potential, makes it lucrative for investors to put their bets on startups.
The Thomson Reuters Venture Capital Research Index replicated the performance of venture capital industry in 2012 and found that overall venture capital has returned at an annual rate of 20% since 1996 – far outperforming modest returns of 7.5% and 5.9% from public equities and bonds respectively.

Any entity having atleast one registered office in India is welcome to register on the hub as location preferences, for the time being are only created for Indian states. However, we are working on international relations and will soon be able to enable registration for stakeholders from the global ecosystem.

Yes. An entity without a PAN can be registered as a Startup. However, it is advised that a valid PAN of the entity is provided at the time of registration, as each entity is separately taxable person.

It is advised that only one mobile number of the authorized representative of the entity is provided at the time of registration. The portal and the mobile app would be sending an OTP on the mobile number provided for the user to complete authentication and registration process

Yes. On successful registration, you would be able to download a system generated verifiable certificate of recognition.

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