Is it Necessary to Register a Startup in India?



Is it Necessary to Register a Startup in India?

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Many people in this world have ideas, but only a few know how to start a business and transform their concept into a viable venture. One of the best ways to do so is by registering your company as a startup in india. It is not only effortless but also ensures that you are able to reap the benefits of the Startup India scheme. However, it is imperative that you follow the necessary steps to register your firm as a Startup. Here are some things to keep in mind before you do so:

First and foremost, your business must be a registered entity under the law. This means that it must be either a private limited company or a partnership firm. You must also have a permanent account number and meet other basic requirements. Once you have these details, you can proceed to the next step. To apply, you must log on to the official website of Startup Register India and submit your application. You will receive a notification of approval once the authority verifies your uploaded documents.

After registration, you will be able to benefit from numerous government incentives. These include lower barriers to public procurement, streamlined dissolution procedures and environmental regulations. In addition, you will be eligible for funding and incubation support. Moreover, you can even get help with intellectual property, such as patents.  You can apply for Start-up India registration online through the MCA's RUN (Reserve a unique Name) platform. 

 

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