Startup Registration
Startup Registration in India: Launch Your Business with Guidance
What is a Startup?
In India, a startup is a young, innovative business that holds high potential for growth and wealth creation. The Startup India initiative recognizes businesses that meet specific criteria, including:
- Innovation: The core business revolves around a new idea, process, or service with the potential to disrupt its sector.
- Scalability: The business model should allow for rapid growth and expansion.
- Job Creation: The startup has the potential to create significant employment opportunities.
- Legality: The business operates within the legal and regulatory framework of India., offering them a range of benefits and support.
Benefits of Startup Registration:
Eligibility for Startup Registration
- Business Model: The startup should have a scalable business model with a focus on innovation.
- Incorporation: The company must be a Private Limited Company or a Limited Liability Partnership.
- Age: The company should be less than ten years old from the date of incorporation.
- Turnover: The company’s annual turnover should not exceed Rs. 100 crore in any financial year since incorporation.
- Origin: The startup should be formed by Indian residents and not through reconstruction of an existing business.
Documents Required for Registration
- Certificate of Incorporation/Registration.
- Company’s PAN Card
- PAN card, Aadhaar card, and address proof of directors/promoters.
- Passport Size Photo of Directors
- Partnership Deed for LLPs.
- Brief write-up on how business is working towards
- Innovation in industry
- High potential for wealth creation
- Potential for employment generation
