Importance of Startup India Registration


Importance of Startup India Registration

"Call Our Business Plan Experts at +91-72999-72500"

Startup India Registration helps entrepreneurs start their own business with ease by simplifying compliances, funding and mentoring. The scheme also facilitates the process of patent filing, and gives a number of other benefits.

Eligibility

In order to be eligible for the Startup India Registration, an enterprise should be engaged in activities that have been linked with innovation, development, deployment or commercialisation of new products and even services driven by technology or intellectual property. The company must also be incorporated as a Private limited or an LLP or a registered partnership firm and should not have a turnover that exceeds Rs. 100 crore for any of the financial years since the date of its incorporation. The entity should also be a genuine and original business venture with the aim of creating jobs or wealth.

Benefits of Startup India Registration

One of the key benefits of startups registered under the Startup India scheme is that they can enjoy tax benefits for three years post recognition. In addition to that, they can make use of the Government e-Marketplace to sell their products and services to various government departments. They can also self-certify compliance with labour and environmental laws.

Another important advantage of Startup India registration is that it opens up access to numerous government schemes and funding options designed to support and encourage them. To apply for Startup India, one must register as a private limited company or a partnership firm with the Ministry of Corporate Affairs (MCA). Besides that, it provides them with enhanced visibility and credibility, which makes it easier for them to capture the attention of venture capital firms and angel investors.

 

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