Overview:-
A startup is a newly formed company that is often tiny and was founded by one or more people. A startup delivers a novel good or service that isn't provided in the same way elsewhere, which sets it apart from other young companies. Innovation is the operative term. The company either creates a brand-new good or service, or it improves upon one that already exists.
Benefits:-
- easy to follow.
- cost reduction.
- Simple access to funds
- 3 years of tax holidays.
- Apply for contracts.
- R&D facilities
- There are no lengthy compliances.
- Investors can save on taxes.
Documents Required:-
- Incorporation/Registration Your startup's certificate.
- if any, evidence of funding
- Letter of authorization from the organization's authorised representative, LLP, or partnership firm.
- At the case of a startup in the validation, early traction, or scaling stage, a proof of concept such as a pitch deck, website link, or video.
- Details of any patents and trademarks.
- a list of any honours or awards that have been given.
- The PAN Number
Steps to start:-
- Incorporate your company.
- Become a member of Startup India.
- You can only upload documents in PDF format.
- If you require a tax exemption, you must indicate it.
- self-certification of the subsequent requirements.
- Obtain your identification number.
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