TAKE YOUR FIRST BUSINESS STEP THROUGH START-UP in delhi

Startup Registration in delhi

In the initial days of the company, it is called a Startup. By starting a company in delhi, you take your first step in the business world. After setting up a company it comes under the category of startup for 10 years. To get the recognition, you must complete the startup registration.

In the process of registration, the government of delhi is helping businesses to grow. These schemes have many benefits and to take these benefits, the startup needs to register under the Department of Industrial Policy and Promotion (DPIIT). The startup businesses must fulfil the eligibility to obtain the certificate of a startup business.

What is a Startup?

A startup is a company that is in the early stages of development and creates some new creative ideas and products. In the starting, the startup is comprised of one or two entrepreneurs. Most small businesses tend to stay small but the startups aim to grow fast and make a place in the market.

These startups are based on a new idea and are created from the perspective of making the businesses more developed. So, the government helps them because of their innovative ideas. The government of India started a strong eco-system for nurturing innovation and startups in the country. It is for driving sustainable economic growth and generating large-scale employment opportunities that aim to empower startups to grow through innovation and design.

The objective of startup recognition is to reduce the regulatory burden on startups, and to allow them to focus on their core business, keep the compliance costs low and provide benefits.

What does it Take to Become a Startup in India?

When you start a company that is just a budding venture, it is called a Startup. When you start a company in India, you take your first steps towards the business world. A Startup doesn't have access to a lot of finance. However, it has all the necessary ingredients of a recipe that can create a successful business:

• Dedication
• Innovation
• Courage

And based on these three factors, it can grow. However, the government has noted the potential of such budding companies. Therefore, you can now register a Startup in India under the many schemes of the government.

Benefits of Registering a Startup in India

Registering your Startup in India makes your business receptive to the many benefits of Startup registration. Some of them include the following points.

1. Registration is Quite Intuitive and Simple

Unlike the business registration process in delhi, where the road is long, and the roadblocks are many, the Startup registration process is simple. It doesn't involve many steps; all you need to do is take your innovative approach towards your business and take the reins of the procedure. So, this intuitive registration of a Startup makes it optimal for your business to get much-needed Assistance when you are just starting up.

2. Reduced IPR Registration Fee

Once you register a Startup company in delhi, certain IPR registration fees like patent and trademark registration are reduced. Conventionally, that means a reduction of the price of intellectual property registration services like copyright, design, patent or trademark registration by half. It will help you not only start your business but also protect your business identity after you are done registering a company in delhi.

3. Access to Various Government Funds

Government funds are readily available for a company registered as a Startup. It is because, in the eyes of the government, every Startup incorporated is one with innovative business and customer solutions standing at the forefront. Thus, the government of delhi has no issues putting money behind such registrations in delhi.

4. Tax Exemptions for the First Three Years

After a Startup is registered for the first three years, they are exempted from paying any income taxes. It is beneficial for those entrepreneurs choosing registration in delhi to gain some support from the government when their business is just starting. This form of incorporation of a company is especially beneficial for those who are yet to find confidence in these business entities.

5. Closing a Startup is Easy

Startup Company registration in delhi exists for budding businesses that have no idea whether they will succeed or fail in future. And, it is said that over 90% of Startups fail in their business ventures. Therefore, the process is pretty simple if you want to close a Startup.

6. Access to More Venture Capitalists

As the registration of a Startup in India helps an entrepreneur with several positive aspects, including fewer taxes and easy exit, venture capitalists aren't apprehensive about investing in a startup – especially if the business idea is innovative.

When you register with Startup India, these benefits are a sure way to get the initial push you need to grow your business. Furthermore, the registration perks under Startup delhi explained here are just the tip of the iceberg. There are many other advantages once you obtain the Startup certificate registration. But to know about them, you first have to find out whether you are eligible for registration for a Startup in delhi.

Types of Businesses that Can Obtain Startup Registration in delhi

The government of delhi has not put any boundaries on which type of entities can register as a startup:

Startup India registration for a proprietorship is impossible because the entity is not registered under government regulation. Thus, if you have a sole proprietorship firm that you want to incorporate as a Startup, contact us to convert it into a one-person company.