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Startup India registration in Kolkata

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Renuka M
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2 min read

Kolkata, the cultural and commercial hub of Eastern India, has seen a surge in startup activities in recent years. The Government of India’s Startup India Initiative aims to support budding entrepreneurs by providing benefits such as tax exemptions, easier compliance, and funding support.

What is Startup India Registration?

Startup India Registration is a government-recognized process that allows startups to access various incentives, including financial aid, tax benefits, and networking opportunities. The initiative encourages innovation and ease of doing business.

Eligibility for Startup India Registration

To qualify for Startup India registration, a business must meet the following criteria:

  • Be incorporated as a Private Limited Company, LLP, or Registered Partnership Firm

  • Have an annual turnover of less than INR 100 crore in any financial year

  • Be less than 10 years old from the date of incorporation

  • Work towards innovation, development, or improvement of products and services

  • Should not be formed by splitting up or restructuring an existing business

Benefits of Startup India Registration

  • Tax Exemptions: Startups registered under this scheme can avail of tax benefits for up to three consecutive years.

  • Self-Certification: Reduced compliance burden in labour and environmental laws.

  • Easy Winding Up: Startups can close their businesses within 90 days.

  • Government Funding: Access to Funds of Funds with a corpus of INR 10,000 crore.

  • Intellectual Property Support: Fast-track patent application process and reduced fees.

Steps to Register a Startup in Kolkata

  1. Incorporate Your Business: Register your entity as a Private Limited Company (Pvt Ltd), LLP, or Partnership Firm.

  2. Get DPIIT Recognition: Visit the Startup India portal and apply for recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).

  3. Provide Required Documents: Submit essential documents like an Incorporation Certificate, PAN, and business details.

  4. Approval and Benefits: Once approved, your startup can avail of the benefits offered under the Startup India Scheme.

Conclusion

Startup India Registration in Kolkata is an excellent opportunity for entrepreneurs to scale their businesses with government support. By registering under the scheme, startups can enjoy financial assistance, tax exemptions, and access to global networking opportunities. If you are planning to start a business in Kolkata, registering under Startup India can be a game-changer for your venture!

startup india registration in kolkata