How To Register A Startup In Faridabad?
Brief overview:
In the bustling city of Faridabad,
known for its vibrant business environment and rapid growth. Faridabad in
India, is probably one of the bustling cities with many IT hubs and
multinational companies giving a chance to fresh talents from all over the
nation. One of the advantages of company
registration in Faridabad is that Faridabad city is a
well-established hub for startups in India. This environment offers access to a
network of mentors, investors, and potential collaborators. The state of
Haryana, where Faridabad is located, offers its own startup policy with
potential benefits like incubation facilities and subsidies.
Do you know Startup in India?
Let me tell you, a startup is a
new initiative to start a business in which you can start a small business with
a single or group of people in India. In this, you can start a business of
another item, product, or service that is unique from others and it allows
creating something new and innovative for their startup business. Startup-India
is a good initiative to develop the Indian economy.
Eligibility Criteria Of
Startups For Company Registration In Faridabad?
Definition of a Startup in
India:
The Department for Promotion of
Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry
provides a working definition for startups in India. As per their definition, a startup is:
- Type of Company: An entity
incorporated or registered in India
- Unique and creative
innovation: Working towards innovation, development, deployment or
commercialization of new products, services or processes with high potential
for employment or wealth creation
- Company Age: Has been in
operation for not more than ten years from the date of its incorporation or
registration
- Original Entity: Entity
should not have been formed by splitting up or reconstructing an already
existing business
- Turnover Criteria:
- If the startup is a product based company, its
annual turnover should not exceed ₹100 crore (approx. US$13.3 million) in any
of the previous financial years
- If the startup is a service based
company, its annual turnover should not exceed ₹150 crore (approx. US$20
million) in any of the previous financial years
Documents Required For Startup
India Registration
The required documents for
Startup India Registration include:
- Incorporation/Registration
Certificate of your Startup
- Proof of
funding, if applicable
- Authorization
letter of the owner of the company, LLP, or partnership firm
- Proof of
concept, such as a pitch deck, website link, or video (for Startups in the
validation, early traction, or scaling stage)
- Details of
patents and trademarks, if any
- List of awards
or certificates of recognition, if received
- PAN Number
(Permanent Account Number)
How To Register A Startup In Faridabad?
Steps to Register Your Startup
Step 1 Incorporation of Business
First, you need to start your
business as a Private
Limited Company, Partnership firm,
or Limited
Liability Partnership (LLP). You have to follow the standard registration
procedures such as submitting the registration application and obtaining the
Certificate of Incorporation or Partnership registration. You can file the
registration application with the Registrar of Companies (ROC) for a Private
Limited Company or LLP, or with the Registrar of Firms for a Partnership Firm.
The necessary documents and fees must be submitted to the Registrar of
Companies or Registrar of Firms along with the registration application..
Step 2 Register it as a
Startup
After incorporating your business,
you should register it as a Startup. This process is simple and online. On the official
website click on the ‘Register’
button to register into your profile. Once your profile is created, you can
apply for various acceleration, incubator/mentorship programs, challenges, and
access resources like learning programs, government schemes and state policies.
Step 3 Recognition from the
Department for Promotion of Industry and Internal Trade (DPIIT)
The next step is to obtain
recognition from the Department for Promotion of Industry and Internal Trade
(DPIIT). This recognition provides your startup with many advantages such as
access to intellectual property services, relaxation in public procurement
norms, self-certification under labor and environment laws, easy winding up of
the company, access to the Fund, tax exemptions, and more. You need to apply for
the DPIIT Recognition from your registered profile on the Startup India website.
Step 4 Application of
recognition
You need to complete the Startup
Recognition form by providing detailed information about your entity including
the full address, authorized representative details, directors/partners
details, Startup activities, and self-certification.
Step 5 Recognition number
That’s it! After getting the
application submitted you will receive a recognition number for your startup. The
certificate of recognition will be issued after the examination of all your
documents which is usually done within 2 days after submitting the details
online. It is important to ensure that you upload authentic documents. If any forged
document is uploaded then you might face the penalty as per government laws.
Step 6 Other Registration
If you require patents, trademarks, or
design registrations for your innovation or business then you need to approach
the professional experts.
In Faridabad?
Navigating the complexities of
registering a startup in Faridabad can be daunting and time-consuming. With our
extensive experience, we offer expert guidance and support every step of the
way.
From managing documentation to
devising strategic growth plans, we ensure a seamless process. Leveraging our
profound understanding of legal frameworks, we help you navigate compliance
issues and pave the path for rapid success.
Are you prepared to elevate your Faridabad
startup to unprecedented heights with VGC?
