So, you are all set to take your startup to the stratosphere of success. You have that innovative idea, passionate team, and drive to really make a difference. However, before blasting off, there is one final important checklist to get through-DPIIT Startup India registration.
Registration of DPIIT to your startup may be treated as a sort of passport because when you get registered DPIIT would give you official recognition through which many benefits and opportunities can be accessed. Well, just like other real passports, you would need all the right documents to get your application approved.
No concern, my fellow adventurers, we are here to guide you through all the labyrinth of documentations and ensure that the passport of your startup is ready to take off!
What is DPIIT Startup India Registration?
Let us start with the document checklist after having a proper understanding of what DPIIT Startup India registration is all about. DPIIT is the abbreviation of Department for Promotion of Industry and Internal Trade. It is that unique department of the government that focuses on cultivating and promoting the development of the startups in India.
In fact, it’s joining an elite club of innovative and transformative leaders when you get your startup registered with DPIIT. Now, you enter a world that has a whole series of benefits open to you-including the following:
- Tax benefits: Bye bye to heavy taxation! Startup India offers tax benefits and incentives which help you earn more and give back to reinvest in further growth.
- It reduces the complexity in regulations: The landscapes of regulations sometimes can be overwhelming. Startup India will make things easier for such procedures, so you save all the time taken to build your business.
- It offers funding: Sometimes, everyone needs only a little money. Startup India brings all the fund raising programs and investors together for you to access the kind of capital that you want to scale up the operation. The Prime Example is of Startup India Seed Funding Scheme.
- It offers mentorship and counseling: Get professional guidance and advice from successful entrepreneurs and industry people, which leads you through all tough times to feel triumphant on all occasions.
Related Article: How To Find Investors For Startups In India
Why does DPIIT Startup India registration matter?
Much more than being a process in itself, this registration at DPIIT under the Startup India scheme may well mean defining the course for your very own startup. Here’s why:
- Credibility and recognition: Getting recognized as a company under the Start-up India tag is added brand credibility and gives the investor, customer, or partner the indication that you are here to play for real.
- Competitive Advantage: Benefits and support under Startup India will give an edge over others in attracting the best talent to your organization, securing funding opportunities, and getting growth accelerated.
- Access to Government Schemes: It opens several schemes and initiatives undertaken by the government to aid a startup. Hence, registration aids in unlocking vital resources and opportunities.
- Simplified Compliance: It is enabled through regulatory compliance such that the bureaucratic burden is reduced, and ample time is available to pursue the core business activities of your venture.
Passport for Your Startup Checklist: Compulsory Documents Mandatory for DPIIT Registration
Now that you know the importance of DPIIT Startup India registration, let’s see some of the most important documents that you would need in this process for a smooth and hassle-free application process. Since it is a preparation to an exciting journey, you must not miss anything from the luggage while stepping into that journey.
- Company Registration Proof: This is the birth certificate of your company and proof of its legal existence. It can be in the form of a Certificate of Incorporation, Partnership Deed, or LLP Agreement, whichever your business follows.
- Evidence of Originality: You need to show that your company has a new and innovative product or service. It can be a patent, a prototype, or even a detailed description of the innovation.
- Directors’ ID proof: That can be either an Aadhaar card, a PAN card, or even your passport.
- Business Plan: The business plan is essential since it speaks about the vision, the space in the market that is available to you, and the financial projections about your start-up. It has to comprise your business model, revenue strategy, and the expertise of the team.
- Other supporting documents: Depending upon the scenario of yours, you may need some other documents also such as a website or mobile application (if any), environmental clearances, or intellectual property registrations.
StartupFlora is the Registration Navigator
Typically, getting all the documents and finally getting through the registration is a massive burden for the new entrepreneur. We at StartupFlora can guide you and take you through the whole process.
Here is how we can assist you in preparing your documents:
- List of Required Documents and Guiding You Through The Process: We can help you prepare with a very detailed and easy checklist of all the documents required and further guide you to collect the documents.
- Application Support: We can support you by filling up the online application in such a way that all the fields and questions required to be filled up are done perfectly and efficiently.
- Expert Support: We would love to answer all your questions, solve your problems, and give expert support to the DPIIT Startup India registration process.
Ready for Liftoff?
DPIIT registration by Startup India is one of the most extensive procedures that a start-up has to complete to derive benefits from the support provided by the government. Now, empowered with the relevant documents and with timely guidance through StartupFlora, you are going to sail through this arduous yet promising landmark very smoothly.
So, pack up your documents, buckle up, and let StartupFlora be your copilot on this fabulous adventure!