Government of India has introduced the Startup India scheme in 2016. The primary motive of this scheme is to promote the growth of start-ups in India. Under this scheme government has taken several vital steps for building a robust startup ecosystem and making India a country of job creators instead of job seekers. Department for Industrial Policy and Promotion (DPIIT) manages the programs under Startup India Scheme. The startup India registration process has broadened the scope of development by creating job opportunities in the Indian economy.
A startup is a recently settled business, normally small which is started by single or group of people. What separates it from other new organizations is that a startup offers another item or service that isn't being given somewhere else similarly. The motives are innovation development.
Issued by the Department for Promotion of Industry and Internal Trade, it provides startups with access to tax exemptions, government incentives, and fast-tracked IPR filings.
Startup India registration process is available online. Applicant can execute the process of registration by visiting the website of Startup India Scheme.
An organization registered as a Private Limited Company, Partnership Firm or a Limited Liability Partnership can register them under the startup India scheme.
The most favored business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and often favoured by investors.
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