Guide to Register a Startup in India

• Register a Startup in India to leverage the burgeoning entrepreneurial landscape. Startup India, an initiative by the government, aims to foster innovation and propel economic growth. By registering with this program, startups gain access to tax exemptions, financial aid, and support from incubators, making India a thriving hub for innovative ventures.  

• Introduced in 2016, the scheme has revolutionized the startup ecosystem in India, creating employment opportunities and encouraging novel solutions to societal challenges. Managed by the Department for Industrial Policy and Promotion (DPIIT), the Startup India scheme is instrumental in shaping the future of registered companies in India. Through its initiatives, including incentives and support mechanisms, the scheme has attracted entrepreneurs to register their companies in India, contributing to the nation’s economic growth and innovation landscape. 

Steps to register a startup in India 

Step 1: Incorporate your Business 

• Initially, Tetra Consultants will initiate the process of incorporating your business as either a Private Limited Company, Partnership firm, or a Limited Liability Partnership (LLP). This involves following standard registration procedures, including submitting the registration application and obtaining the Certificate of Incorporation/Partnership registration.  

• For Private Limited Companies or LLPs, we will file the registration application with the Registrar of Companies (ROC) in your region. For Partnership Firms, we will file the application for registration with the Registrar of Firms in your area. 

Step 2: Register with Startup India 

• Further, Tetra Consultants will assist you with the seamless registration of your business on startup India. Our team will handle the entire process, ensuring a hassle-free experience for you. Additionally, we provide comprehensive business service packages that include obtaining licenses and trade permits, including offshore financial licenses if required. 

Step 3: Get DPIIT Recognition 

• Tetra Consultants facilitates the next crucial step after creating your profile on the Startup India Website, which is obtaining Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This recognition unlocks a multitude of benefits for startups, including access to high-quality intellectual property services, relaxation in public procurement norms, self-certification under labor and environment laws, and tax exemptions.  

• Our team streamlines the DPIIT Recognition process by guiding you through the steps. We assist you in logging in with your registered profile credentials on the Startup India website and navigating to the ‘Apply for DPIIT Recognition’ option under the ‘Recognition’ tab. From there, we ensure a smooth transition to the National Single Window System (NSWS), where we help you register, add the ‘Registration as a Startup’ form, and complete the ‘Startup Recognition Form’ to obtain DPIIT recognition. 

Step 4: Recognition Application 

• Moving forwards, we will also guide you through the completion of the ‘Startup Recognition Form’, ensuring all necessary details are accurately filled. Tetra Consultants will assist you in providing entity details, full office address, authorized representative details, director/partner information, startup activities, and self-certification. Our expert team will navigate through each section of the form with you, ensuring a thorough and precise submission process. 

Step 5: Collect documents for registration 

• Tetra Consultants can assist you in collecting and submitting the required documents to the Registrar of Companies (RoC). Moreover, if required, we can also provide legal drafting services for the necessary documents. Required documents includes  

• Incorporation/Registration Certificate of your startup 

• Proof of funding, if any 

• Authorization letter of the authorized representative of the company, LLP, or partnership firm 

• Proof of concept like pitch deck/website link/video (in case of a validation/early traction/scaling stage startup) 

• Patent and trademark details, if any 

• List of awards or certificates of recognition, if any 

• PAN Number 

Step 6: Recognition Number 

• Upon application, your startup will be assigned a recognition number. The certificate of recognition will be issued following the examination of all your documents, typically completed within a few days of submitting the details online. With Tetra Consultants guiding you through the process, you can expect a seamless experience from application to receipt of your recognition certificate. 

Step 7: Open a bank account 

• Opening a bank account is crucial for your startup’s financial operations and transactions. Tetra Consultants will further proceed to open a bank account for your startup, ensuring smooth banking procedures and compliance with regulatory requirements. Our corporate bank account opening services streamline the process, enabling you to have a bank account within 4 weeks of incorporation.  

With our assistance, you can efficiently manage your startup’s finances and embark on your entrepreneurial journey with confidence. 

Conclusion 

• To register a startup in India with Tetra Consultants ensures a seamless and efficient process. Our comprehensive business service packages encompass various essential services, making it easy to establish and operate your business. From international trademark registration to legal drafting services, accounting, and tax obligation compliance, we offer a wide range of solutions to meet your needs. With Tetra Consultants by your side, you can navigate the complexities of startup registration with confidence, ensuring your business is set up for success and compliance in various jurisdictions. 

• Contact us to know more about how to register a startup in India and our team will revert back in 24 hours.