Government Benefits for Startups
Govt of India has extended many benefits to Startups. An entity shall be considered as a Startup:
- Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India
- Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
- Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
Empowering Startups to Thrive
Eligible startups can be exempted from paying income tax for 3 consecutive financial years out of their first ten years since incorporation. Startups shall be allowed to be self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online procedure.
We also assist in setting up units in Special Economic Zones (Units having export potential).
Under Business Setup services vertical the following services are provided
- Incorporation of Companies, LLPs, Partnership Firm, Proprietorship Firm, Startups
- RBI Clearance for establishing Branch/ Liaison Office of foreign companies
- Assistance in Bank Accounts Opening
- Import Export Code, DGFT Licenses for duty free imports etc
- IPR/ Patent/ Copy Right/ MSME registration
- PAN and TAN No under Income Tax Act
- GST Registration, PF, ESI and Labour Law Registration
- Drafting, vetting of Agreements, orders, deeds, contracts, MOUs
- Preparation of Project Feasibility Report
- Financial and Legal Advisory
- Property Search
Hassle-Free Business Setup Solutions
Embark on your entrepreneurial journey with confidence. Our comprehensive business setup services streamline the process, from incorporation to compliance, so you can focus on building your dream venture. Let's turn your vision into reality together!