A company, no older than five years, working toward creating something new, or innovating on something that already exists is termed as a Start up.
It should be registered as a public, private or partnership firm under the Companies Act of 1980.
Start-up India registration provides several benefits like tax exemption, self-certification, govet, funding opportunity, connect network, participation in several govt. schemes and many more.
With few documents required and from consultation from the experts you can register your start-up.
ASA will help you in registration and filing the applications with the authorities. Before you accept any registration model for your start-up we will absolutely guide you on which registration & licenses required in this option, for e.g., Feasibility report, Techo Charts and Patent application, Letter of recommendation and many more things. ASA will constantly support you on all monetary needs of the organisation and assist you according to the requirement. There is a high chance to get investment in this model and will help you to take the same.
Tax Exemption:If you register your company as a start up, you can enjoy a tax holiday for up to three years.
Self-Certification:Start ups can modify different labour and environment laws according to their own needs, and comply a self-certification.
Easier access to funds:The government has established a 10,000 crore rupee fund for start ups in the form of venture capital. In addition to this, they are providing a guarantee to encourage banks and other financial institutions to provide venture capital.
R&D and IPR facilities:High quality IPR services are provided for patents and trademarks at lower costs. For R&D, seven new research parks are being established.
Liberty to choose investors:The start ups also have a full liberty to choose among investors.
Easier exit option:If at any point a start up decides to exit the market within 90 days from the date of application, they can close their business without any major consequences.
- The registration is fairly easy especially for start ups, to enable them to save money and resources. They are allowed to self-certify compliance with their own custom labour and environmental laws all via one single app.
- A Start up attracts more investors owing to the fact that they will be able to make higher profits due to tax exemption from the government for three years.
- There is a huge network opportunity owing to the government’s decision to hold two start up fests, both on a national as well as an international level.
- Start ups also enjoy roughly 80% reduction in the cost of filing patents.
- This is the best business opportunity and may be help you on deciding your USP of business, tax is the major concern for the start ups and one can take benefit by applying this.
1. A letter of recommendation/support
2. Incorporation/Registration Certificate
3. Description of your business in brief
4. Self-certification, acknowledging that you satisfy the following conditions:
- If it is registered as a private limited company, partnership firm or a limited liability partnership.
- If your business is registered in India, not before five years.
- If the turnover is less than 25 crores per annum.
- If there is innovation- building something new, or building on something that already exists.
- If the business is neither a result of splitting up or reconstruction of a business that already existed.
- We deliver end to end consultation on taking this registration and filling the applications with the authorities. Before you accept any registration model for your start up we will absolutely guide you on which registration & licenses required in this option, for e.g. Feasibility report, Techo Charts and Patent application, Letter of recommendation and many more things.
- Having us on board for your Start up registration will help you to complete all the formalities in much lesser time.
- We will constantly support you on all monetary needs of the organisation and assist you according to the requirement. There is a high chance to get investment in this model and will help you to take the same.