Startup India Scheme

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Here’s How It Works

Looking to launch your dream startup? Nimble Trio makes it simple! Enjoy a fast, hassle-free, and completely smooth registration process to get your startup off the ground.

1

Nimble Trio helps you to Incorporate your business easily

2

We help you through the registration process

 
 

3

Documents must be in PDF format & tax exemption is needed

 

 4

Nimble trio experts help you get recognition Numbers

Here’s What You’ll Need

Get your documents ready and let’s kickstart your business with Nimble Trio! We use top-tier security protocols to ensure your documents remain completely safe.

Why Choose Nimble Trio for Startup Registration?

New Company

We Register a New Company Every 9 Minutes

500K+

Businesses Served by Nimble Trio

Financial Services

All Financial Services in One Place

Quick & Affordable

Nominal rates, great turnaround time

Satisfaction

100% satisfaction guaranteed

Unsure about which service provider to trust for your startup registration? Nimble Trio is right here to guide you through the entire process and turn your startup dream into reality!

Did you know ?

The startup’s age should not exceed ten years from its date of incorporation, covering both existence and operations.

In many cases, GST registration is mandatory for startups to comply with tax regulations and conduct business smoothly.

An Overview about Startup India Scheme

The Startup India Scheme is a Government of India initiative designed to promote innovation, product development, and job creation nationwide. Its goal is to simplify startup registration, reduce unnecessary compliance, and let entrepreneurs focus on growing their business. The scheme also offers multiple benefits, including access to resources, mentorship, and networking opportunities through government-led startup festivals held in India and abroad.

Benefits of Company Registration Online Using Nimble Trio

Certified startups are exempt from income tax for 3 years from their date of incorporation if recognized by the Inter-Ministerial Board of Certification. Additionally, after DPIIT recognition, startups with total paid-up share capital and share premium up to INR 25 Crore are also exempt from capital gains tax under Section 56 of the Income Tax Act.

Startups enjoy an 80% rebate on patent fees and a 50% rebate on trademark fees. Government-appointed facilitators assist in protecting and commercializing intellectual property, with the government covering their service charges. The IPR application review and approval process is also fast-tracked for startups.

Although startup registration can be complex, the government offers a dedicated support window through the Startup India Hub. This platform provides networking opportunities, guidance, and problem-solving assistance to help entrepreneurs navigate registration and compliance challenges.

Startups can self-certify compliance for three environmental regulations and six labor laws via a simple online process. For five years, no labor inspections will occur unless a verified complaint is submitted. Startups classified under the “white category” by the Central Pollution Control Board can self-certify environmental compliance, with only random inspections conducted.

Once certified by the Inter-Ministerial Board and issued a DPIIT number, startups can register on the Government e-Marketplace (GeM) to sell to government ministries, departments, and PSUs. Certified startups are also exempt from prior turnover and experience requirements and are eligible for earnest money deposit (EMD) waivers, provided they meet technical and quality criteria.

Checklist under the Startup India Scheme

  • An organisation will be eligible under the scheme if
 
  • It was established in India as a private limited company, a partnership firm, or a limited liability partnership.
 
  • Less than ten years have passed since the company’s establishment or registration.
 
  • Since incorporation/registration, its annual revenue has never exceeded INR 100 crores.
 
  • It ought to have a DIPP number.
 
  • It is financed by a private equity, angel, or incubator fund that is authorised to do business in India by the Securities and Exchange Board of India (SEBI)
 
  • A patron guarantee has been received from the Indian Patent and Trademark Office.
 
  • It has a letter of recommendation from an incubator.
 
  • Income tax is not applied on capital gains.
 
  • If it is a scalable business model with a strong potential for creating income or new jobs, it is working toward the innovation, development, or improvement of goods, processes, or services.

How to Register a Startup With the Help of Nimble Trio ?

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.

FAQ's

The Startup should indeed be registered as a partnership firm or a limited liability partnership, and that it should be integrated as a private limited company. From any of the previous financial years, profitability should have been less than INR 100 crores. An entity is taken into account as a startup for the first ten years after its incorporation.

The start-up should not even be formed by dividing or reconstructing an existing business. This scheme will not apply to a business shaped by the division of an organisation into two or more businesses.

 

Certainly. All seed stage startups, as well as any business that has obtained an EIN letter from the United States government, are required to file a tax return. Even if your letter arrives in December 2021, you must still file a tax return for the year.

Employees of acquired companies typically do not see all of their stock options vest immediately. If they did, the employees would simply walk away and go on vacation or try something new. Instead, most acquired employees must stay for the remainder of their vesting period, with little hope of further explosive growth.

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