LegalTech India
15/02/2024
π Empowering Dreams: Unleash Your Start-Up Journey with Start-Up India Registration! π‘β¨
The Government of India has taken the initiative in 2016 to support budding entrepreneurs through Startup India Scheme. Under this initiative eligible companies can get recognized as Startup by DPIIT( Department for Promotion of Industry and Internal Trade.
π‘Eligibility criteria to avail the benefit:
The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
A company annual turnover should be less than INR 100 crores in any previous financial year.
An entity should not be registered for more than 10 years.
A company should be either innovative or employment generative or wealth creative.
β¨ Advantages of Start-Up India Registration include:
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Tax exemption for 3 consecutive years.
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Startup Avail funding from Rs. 10,000 crores funds of funds
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Priority in Government tender and procurement scheme
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50% discount on the Trademark and 80% rebate in Patent fees
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Simplified process for loan from Foreign Investors.
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Private limited companies can take loans from its members.
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Opportunities to connect with a thriving community of entrepreneurs, mentors, and investors through annual meet up. And many more.
π Ready to Launch Your Start-Up Journey? Let's Talk Start-Up India Registration!
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