Startup India Scheme

How to Register a Startup With the Help of Zolvit?

Registration process:

• Step 1: Incorporating the Business

  To establish the company as a legal organisation, you should first incorporate it as a Private Limited Company, Limited Liability Partnership, or Partnership firm. Additionally, make sure that you have all the required compliances, including your PAN and certificate of partnership or incorporation registration.

• Step 2: Register with Startup India Portal

  Log online and register your company as a startup by completing the form on the Startup India website. Remember to upload all required documents in PDF format. Upload all required documents. The required files are as follows:

• a) The required files are as follows:

  The registration form should be accompanied by a letter of recommendation. Any of the following,

  • A post-graduate college incubator created in India must submit a proposal (concerning the creative nature of business) in a format approved by the Department of Industrial Policy and Promotion (DIPP); OR
  • A letter of support from an incubator funded (in relation to the project) by the Government of India as part of any designated programme to promote innovation; OR
  • A letter of recommendation (pertaining to the innovative nature of business) from an incubator recognised by the Government of India in the format required by DIPP; OR
  • Any incubator fund, angel fund, private equity fund, accelerator, or angel network with not less than 20% in equity, duly registered. OR
  • a letter of support from the Indian government or a state government as part of a specific programme to encourage innovation; OR
  • A patent filed and published in the Journal by the Indian Patent Office in areas affiliated with the nature of the business being promoted.

• b) Incorporation/Registration Certificate

  Also must include a copy of your company's or Limited Liability Partnership's certificate of establishment. Keep in mind that PDF files should be uploaded for all papers.

• c) Description of Your Business in Brief

  Give a brief explanation of your goods and services, highlighting how each is creative. Keep in mind that the product should be novel, unique, and incorporate fresh approaches or modern procedures in place of time-honored ones.

• Step 3: Determining to Avail Tax Benefits:

  For a period of three years, startups are exempt from paying income taxes. Only after receiving certification from the Inter-Ministerial Board may these advantages be utilised (IMB). Start-ups recognised by the Indian government's DIPP can now directly access Intellectual Property Rights (IPR)-related benefits without needing further certification from the Inter-Ministerial Board by simply selecting 'Yes,' at which point the application would be shared with the IMB for review.

• Step 4: You Must Ensure That You Satisfy the Following Conditions

  • Your business registered as a Limited Liability Partnership, Private Limited Company, or partnership firm.
  • Before five years, your company should not be founded or registered in India.
  • The annual turnover must be under 25 crores.
  • The company must be working to develop new technology or significantly improve already existing technologies.
  • The specific startup company shouldn't be the result of a remodel of an already-existing company.

• Step 5: Get Your Recognition Number Instantly

  After all of your documents have been examined, a recognition number and a certificate of recognition will be given. When uploading the documents, exercise caution. If a needed document is not submitted, a required document is uploaded incorrectly, or even if a document is thought to be faked, you will be fined up to 50% of your startup's paid-up capital, with a minimum fine of Rs. 25,000. As a result, upload each document carefully and in the appropriate format.