How to Register Your Startup in India

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Step 1: Incorporation of the business

Incorporating your business in Limited Liability Partnership or a Private Limited company or a Firm. You must follow the ordinary procedures as a certificate of incorporation, Pan card and other compliance related to the particular type of business. Registration must be after or in 1st April 2016.

Step 2: Registering business with the startup India scheme

Registering for a startup is a very easy process. All you need to do is upload a form online with all requisite forms startup India website. The entire process is simplified and made online by the government.

Step 3: Documents required to be upload online (upload only .pdf format)

Recommendation letter from the following:

• Any patent filed and published in patent journals available online or offline.
• Incubators who are established in post graduation colleges in India.
• Support letter from one of the startups who is funded through central or state Government authorities or any incubator which is duly recognized by the government of India.
• Letter of funding which should not be less than 20% in equity by angel or incubation fund.

Incorporation certificate of the business:

• You must upload your certificate of the incorporation of your business.

A brief description of your business:

• A description of the innovation you included in your product.

Step 4: Choose if you would like to have tax benefits

After getting all the work done you need to go through one more step of getting an approval from the inter-ministry board. It totally depends upon the ministry that they will approve your application or not. Once they approve your application then you will able to register your startup with tax benefits. Startups recognized by DIPP can avail IPR related benefits without requiring any further license.

Step 5: Self-certify your documentation

You must self-certify all your documents before filing for the recognition. Check your company is qualifying all the required conditions to avail the benefits i.e within first 7 years you can apply, 25 crore turnover must not exceed, innovation in the product is must, the idea must not be copied, your business must not result from any reconstruction or splitting.

Step 6: Getting recognition number

You are all set to apply for the recognition and on applying you will be allotted with one unique recognition number. Certificate of recognition will be issued after going through the documents submitted by you. Remember, always take much care while uploading the documents, if it is found that you have upload forged document or some documents were required but you forget to upload then you shall be liable for the fine of 50% of the paid-up capital of your startup with Rs.25000 minimum fine.

Step 7: Other areas to look over

• Patents, trademark, copyrights, design etc.

You need to pay only 80% of the fees on applying any of these i.e patent, trademark, copyright or design etc. Only some of the facilitators are qualified by the government of India to provide this discount.

• Funding

One of the major difficulty in front of these startups is that they lack in funding. The government of India with this initiative is providing them with funding so that they may not face any challenge in running their business effectively and efficiently.