Here Is Everything You Need To Know About Startup India Scheme. From Eligibility Criteria To The Fascinating Benefits Of The Startup India Scheme To Startup India Registration, We Have You Covered….!!
India is becoming popular for rapid growth in technology which led to a significant rise in startups and entrepreneurial spirit in the country.
The county is also renowned for the fastest-growing startup ecosystem in the world, with a passionate community of entrepreneurs, incubators, and investors. However, navigating this ecosystem can be complex and challenging for new startups, with many challenges from funds and regulatory compliance to market access as well as talent acquisition.
To combat these obstacles, boost the growth of the startup ecosystem, and empower startups to help the Indian economy, The government under the governance of PM Narendra Modi has launched and promoted many initiatives.
Startup India Scheme (Launched in January 2016) is one of the most prominent initiatives by the government that not only promotes economic growth in India but also inspires entrepreneurs to meet their business goals.
The initiative also helps young entrepreneurs to build a strong ecosystem for growth and take their business to another level. Not just that, Startup India Scheme strives to empower startups to grow and achieve goals through technology and innovation.
In a nutshell, Startup India Scheme helps entrepreneurs to start their own businesses with minor investments on their part.
What Is Startup India Scheme?
Startup India Scheme offers many incredible benefits and incentives to startups such as funding support, tax exemptions, simplified regulatory compliance, Intellectual Property Protection, networking and collaboration opportunities, and capacity-building initiatives and skill development. By understanding these benefits you can apply for Startup India Registration Online and bring your vision into reality.
However, registering for any business entity or government initiative for better business growth needs guidance and professional support.
A business consultant, lawyer, or chartered accountant can make a real difference through their professional expertise and in-depth knowledge.
If you are looking to register your business under the Startup India Scheme, Here are a few things to consider that make Startup India Registration Process simple and hassle-free.
- Invest in Expertise: Choose a professional who has experience and expertise that meets your needs. A professional business consultant or chartered account not only helps to register your business under the Startup India scheme/the most suitable entity but also offers you a meaningful business consultant.
- Determine Your Need: Opt for a consultant who can offer customized helps that meets your startup needs.
- Customer Support: Every entrepreneur wants a hassle-free and fast registration so that they can be focused on more important things to achieve maximum Return on Investments (ROIs). Superior customer support by experienced business consultants will make your registration process easy with complete customer support while making it less time-consuming.
- Online Reputation: Another point to consider while choosing a business consultant for the Startup India scheme is their online reputation making them the first and foremost choice for millions throughout India.
These are a few points to consider when choosing a professional business consultant/Startup India Scheme Consultant in India. So what are you waiting for?
Avail benefits of the Startup India Scheme and grow your business for a better tomorrow. “Looking for an experienced business consultant for fast and hassle-free Startup India Registration in India? Look no further than JustStart. Being counted among the most eminent business consulting firm, we make your business registration simple and efficient. Our team of expert lawyers and chartered accountants understand Register a Startup in Indi.
Like the back of their hands for a hassle-free registration. From helping with documents required for startup India registration to offering business advisory for excellent Return on investments, our team of professionals has you covered. Baffled about Startup India Registration eligibility criteria? Contact us and speak to one of our experts to personally discuss your needs. We are looking forward to assisting you”
Still, wondering about the benefits and eligibility for the Startup India registration certificate? In this blog, we are going to have a quick tour of the Startup India scheme’s benefits and eligibility criteria. So let’s consider.
Eligibility For Startup India Scheme Registration
As per the Startup India Scheme, the following requirements must be fulfilled in order to be eligible for Startup India Scheme.
- Being registered in India up to 10 years from the date of establishment
- It should be a private limited company or registered as a partnership firm or a limited liability partnership
- It should have an annual turnover of up to Rs. 100 crores for any of the financial years since the date of registration/incorporation
- It should work towards the development, improvement, and innovation of services or products,
It is essential to understand that a startup or business formed by the reconstruction of an existing company or corporation shall not be considered a ‘Startup’. Furthermore, An entity can not be considered a startup.
- Maximum turnover in any previous financial year of more than Rs. 100 crore
- Completion of ten years from the date of its registration/incorporation
The Benefits Of the Startup India Scheme
Registering your business under the Startup India scheme online is completely a simple process for startups. Those who are willing to set up a startup can fill out the form on the official website of Startup India.
Whereas, if you are interested in registering under the startup scheme faster and more efficiently, you may need the guidance of a professional such as an expert lawyer or a chartered accountant who will be there with you throughout the process. Also, know how to register a startup company in India online with JustStart.
Another fascinating benefit of Startup India is the easy funding support by the government that not only inspires entrepreneurs but also helps them to transform their dream into reality.
Startup India Scheme also plays an important role in saving on taxes while growing your business. In other words, the initiative creates a tax-friendly environment for Indian entrepreneurs by offering them tax holidays for three years.
Tax savings for investors
Those investing their capital gains in the venture funds set up by the government are offered an exemption from capital gains under the Startup India scheme. This helps entrepreneurs to entice more investors.
Networking & Meeting Other Entrepreneurs
The government annually proposes to hold a minimum of two startup fests both nationally & internationally, which helps the various entrepreneurs and stakeholders of a startup to meet and collaborate. This can be an excellent opportunity for them to build networks and promote their business.
Now that you know the fascinating benefits of the Startup India Scheme. What’s more? If you are ready to take your business to new heights, choose our hassle-free and super-fast Startup India Registration in India.
At JustStart, get expert advice about your startup; we have helped thousands of brands across India to meet their business within budget and on time. So leave the paperwork and Startup Company Registration hassle to us and let us grow your business with the benefits under the Startup India Initiative.
We were baffled whether you are eligible for the Startup India scheme or not? Or looking for cost-efficient business advisory services? Contact us right away. Our talented team of chartered accountants and lawyers is looking forward to assisting you!!
Read more to know- What is the Difference Between Startup & Traditional Business?