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The startup registration India was introduced by the central government through the Startup India Scheme in the year 2016. The primary objective of this scheme is to encourage the establishment of start-ups in India. Under the Start-Up India scheme, the government has taken essential steps in order to build a robust startup ecosystem. It is a move towards making India a country of job creators in lieu of job seekers. All the programmes of the StartUp India Scheme are managed by the Department for Industrial Policy and Promotion (DPIIT). The Startup India scheme has broadened the scope of economic and social development by creating various job opportunities to escalate the Indian economy.
In this article, we will learn about the startup registration process, startup registration India.
A startup essentially refers to a newly established form of business, usually started by one member or a small group of individuals. What distinguishes it from other types of businesses (such as Sole Proprietorship, Partnership or a Company) is that a startup offers a new product or a service that is not being circulated elsewhere. Startups are characterized by their innovative properties which enable investors to show interest in the business. Startups may develop a new product/service or redevelop the current one into something better and refurnished.
A startup registration India is no cakewalk, and you may need to consult professionals so as to not face penalties in the later phase. This blog will assist you and guide you to the eligibility, documents and criteria for a startup registration process.
Given below are the advantages of doing a startup registration India:
Given below are steps for the procedure of startup registration India:
Owing to various government initiatives in favor of startups, it is becoming a viable option for entrepreneurs nowadays. Even though it is very easy to register as a startup, it is advisable to consult a certified professional so as to avoid the burden of fines unnecessarily. It hampers your company productivity and does not let you focus on the key aspects. We at Taxzona Consultancy help you right from incorporating your company to getting your startup recognition. In addition to this, we make sure to update you on the company profile while filing your compliances. Do visit our website to know more about startup services.
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The annual turnover of these business entities should not exceed 100 crores.
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