Startup India Registration Services In Ujjain

A start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model. Hence, the concepts of start-ups and entrepreneurship are similar. However, entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, while start-ups refer to the new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large.

Start-up means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding INR 25 crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence. Provided also that an entity shall cease to be a Start-up if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 5 years from the date of incorporation/ registration. Provided further that a Start-up shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.

Breakeven Advisory, your trusted legal advisor, will help you in setting up of your business by choosing the most suitable form of entity. At Breakeven Advisory you will get absolute consultancy for conversion of you unique Idea into a scalable Start Up. Breakeven Advisory will take care of all legal formalities and fulfil the compliances.

Self-Certification: Self-compliance under 3 environmental & 6 labour laws

Patent Application & IPR Protection: Fast track & up to 80% rebate in filing patents

Income Tax Exemption (Not available for all cases): For 3 consecutive years & exemptions on capital gains & investments above Fair Market Value

Easier Public Procurement Norms: Get listed as seller to the government & benefit from exemptions on EMD & min requirements.

Free Credits: AWS, My Operator, Digital Ocean and Others

The Start-up should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.

Turnover should be less than INR 100 Crores in any of the previous financial years.

An entity shall be considered as a start-up up to 10 years from the date of its incorporation.

The Start-up should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconstruction of an existing business shall not be considered a “Start-up”

Benefits of Government Schemes like Venture Capital Assistance Scheme, Support for International Patent Protection in Electronics and & Information Technology (SIP-EIT), Stand-Up India for Financing SC/ST and/or Women Entrepreneurs, Single Point Registration Scheme, ExtraMural Research or Core Research Grant.

MP Start-up Policy has provided various benefits like : Sustenance Allowance: INR 10,000per month for period of 1 year or till start-up reaches post-traction period (whichever is less), will be released as sustenance allowance after 3 months of joining a partner incubator.

Lease Rental Subsidy: Reimbursement of 50% or maximum INR 3 lakhs (whichever is less) per year for a period of 3 years from the date of recommendation.

Participation in National/International Events of repute: reimbursement up to 50% or INR 1 lakhs (whichever is less) for participation fee & accommodation for maximum 2 members of a start-up once in policy period.