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In the month of January 2016, Startup India came into existence and has been serving the economy of the country through the ideas of innovation and employment. Most of the startups such as LLPs, Private Limited Companies, and Partnership firms are the ones that go for the startup registration in the first place. <br>
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The corporate sector in India has gone through a lot of changes after the formation and recognition of the Companies Act. With the introduction of the Startup India program by the Indian government, the country has crossed a big milestone in economical development. There are different benefits of the Startup India Registration program and here we are going to discuss some of them in detail. With this particular initiative, there is a huge scope in the country for employment, industrial growth, and wealth production as well. So, there is no doubt that registering a company under the Startup India program would be beneficial for sure. What is the Main Goal of the Startup India Registration? The main goals of the Initiative of Startup India are the innovation of products and services while focusing on the development of the industrial sector. Not to mention that the program is also centered on the increase of employment opportunities and growth rate in the country. The initiative aims to provide benefits such as financial aid, simplified work, government tenders, and networking opportunities for startups these days. In the month of January 2016, Startup India came into existence and has been serving the economy of the country through the ideas of innovation and employment. Most of the startups such as LLPs, Private Limited Companies, and Partnership firms are the ones that go for the startup registration in the first place. What are the Benefits of Startup India Registration? The following are some of the main benefits of Start-Up India registration. 1.Self-Certification For a company, it is important to have compliance with the different labor laws. Any kind of disobedience towards the laws will definitely lead to strict liabilities. To reduce that, the startups are allowed to have self-certification benefits that are in compliance with the environmental and labor laws. So, there will be no inspection conducted on the company for a period of three years. 2.Tax Exemption
Another main benefit of startup registration is that these companies that are registered under the scheme will be exempted from tax. This is done for a total period of 3 years. Any investment that the incubators make of higher value will have tax exemption which is definitely a great benefit. 3.Mobile Benefits Another really great benefit of startup India registration is that it provides the companies with a chance to register the company under a single form. That can be done by using the Startup India mobile application. There is a single form in the application that allows the startups to go through the process of registration themselves. 4.Patent Protection For someone who has a patent registering process to complete, it can be a pretty difficult process, to begin with. But after the Startup India app came into existence, the patent applications are examined a lot faster. Hence, this leads to better patent protection. Conclusion So, there you go, people. These are some of the main benefits of the Startup India company registration program. If you want to register your company under the scheme, you need to ensure that you know the process as well as the documents required for registration.
