Startup Registration

Startup enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. MSME registration or SSI registration online helps businesses avail multiple government subsidies and benefits MSMED act, MSME gov.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration or SSI/Small Scale Industry Registration under the MSMED act, MSME gov. Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.

Balaji IP Prectice can help your business obtain MSME Registration online to avail a host of benefits. MSME online registration or SSI online registration can be done through Balaji IP Prectice in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.

Procedure For Startup Registration

  • Complete our Startup Form

    You just need to fill our simple msme regisstration form which would ask about your basic information. In case of ssi registration, a ssi ssi registration form will be filled. This would be required while filing your application with the department.

  • Preparation of Documents

    According to the details provided to us, we will draft your documentation accordingly.

  • Filling Startup Application

    Going further, we will file your application along with the required documents to MSME registrar. Before submission, our expert will verify your documents properly.

  • Your work is now completed

    Once the Startup application is approved and your Startup certificate is issued, we shall send it to you via email and courier.

    CONGRATULATIONS

What is Startup?

There are small and medium enterprises which fall under Startup category. Startup stands for Micro, Small and Medium enterprises. Being the backbone of an economy sector, Startup enterprises acts as an engine which helps in the growth of the economy and promoting equitable development. Therefore, to support and promote Startup, the Government of India through various subsidies, schemes and incentives promote Startup through the Startup Act. To utilise all the benefits which are offered under Startup act, the enterprise should be registered as Startup with the concerned department.

These benefits of Startup registration include priority sector lending, power tariff subsidies, capital investment subsidies and excise and direct tax exemptions. Following are the conditions which need to be fulfilled to qualify under Startup Act.

1: All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as Startup.

2: In service enterprises, the investment in plant and machinery should not be more than 5 crores.

3: And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as Startup.

What Are The Different Types of Startup?

There are 3 types of Startup which can be classified as under:

Micro Enterprises

Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the micro service enterprises should not exceed Rs. 10 lakhs investment.

Small Enterprises

In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.

Medium Enterprises

And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.

Benefits of Startup Registration

There are multiple benefits of Startup registration for small businesses:

  • Cheaper bank loans : The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
  • Easy access to credit : PM Modi has introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.
  • Quicker approvals from state and central government bodies: Business registered under MSME are given higher preference in terms of government license and certification.
  • Tax rebates : MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
  • Cheaper infrastructure : Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.
  • Access to tenders : There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

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