Start-ups are small business started by one person or a group of people that offers unique products and services. The idea behind any start-up is innovations that develop or enhance a product or service. The start-up culture is getting popular in India and there is a lot of demand for start-up registration in Pune, Mumbai, Bangalore, and many other cities. To promote this trend the Government of India has introduced the ‘Start-up India Action Plan.’ This program’s aim is to recognize and encourage the evolving start-ups in India. A company is recognized as a star-up up to seven years from the date of incorporation and which has a turnover of fewer than 25 crores. Every start-up should register for DIPP with 21 days of eligibility.
The company registration process in India can be completed in 10 – 15 working days. Company registration is free for first-time entrepreneurs. Iconnect Solutions is a top-rated legal consultant for company registration in Pune, Bangalore, Mumbai, and all over India. After registration, we also assist you with tax filing, secretarial and legal services required for your PLC in India. If you are looking to build a business in India, Pune is a place you should consider with utmost importance. Once you have come up with a business idea and decided to start a business you will need to follow some procedures to register a company in India. Get your company registered from one of the leading company registration consultant in Pune.
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- Department of industrial policy and promotion (DIPP) looks after the grant of start-ups.
- The Inter-ministerial board of certification regularizes the tax benefits.
- Registered partnerships also considered as start-ups if it falls under other eligibility criteria and can claim tax benefits.
- A company can avail of tax benefits only for three years.
- Start-up has a leverage of self-compliance under labour and environmental laws and it will be free from inspection for three years.
- The start-up annoyed rebate of 80% in the patent application fee so it has to bear only statutory fees.