India is a land of opportunities. There are thousands of IT or Tech based startup have emerged in India lately. In this article we are going to be discussing about the process to start an IT startup in India / How to start an IT startup in India?.
A startup typically means established business, a company that is in the first stage of its operations. What differentiates it from other new businesses is that a startup company offers a product or service that is not currently being offered elsewhere in the market, or that the founders believe is being offered in an inferior manner.
As mentioned in the definition of startup, an IT startup would be a company or business of Information Technology that provides IT based services or products that are not currently being offered in any other IT company or business.
According to the type of the business the IT company chooses to get registered with, the IT company requires a few registrations to get started as a startup in India. They are as follows:
An IT Startup can opt for any of the following business structures:
If a foreign person wishes to start a business as an IT Company in India then he may register his business as an Indian Subsidiary However answer for “How to start a business in India?” remains the same. So, let us have a look at the process for starting a business.
With many entities looking to set up business in India, there are a few things to consider when you’re going for registering your business in India. With that in mind, we’re happy to present a few fundamental documents / requirements that are necessary for registering any business in India. Below is the list of documents required to for starting a business in India.
Now if you are a startup, then you might require some more registrations and licenses, what are they? Let us have a look at the whole list of Registrations and Licenses required for registering a business as a startup in India.
The Government of India’s make in India program, Policies of Ease of Doing Business, Large labour pool has certainly opened up the country’s long stagnating domestic manufacturing sector not only to the local investors but for the investors around the globe. There is a vast number of types of business that can be done in India successfully. Recently there has been a trend for businesses that can be run successfully via infinite digital & online platforms and the government has also supported this by digitizing the methods of registering a business in India.
Suggested Read: Why would it be good move to start an IT business in India?
Income Tax Department Cracks Down on Fake Party Fraud Introduction The has intensified scrutiny on income tax returns that show…
GSTR-5A Explained: What It Is and Why It Matters? Introduction When people hear the word GST, they usually assume it…
What is UDIN? Everything You Need to Know About UDIN Number Begin with, If you have ever submitted a document…
Essential compliance knowledge every startup coach should know Introduction Startup coaches and mentors play a powerful role in a founder’s…
How can mentors add value by simplifying legal jargon? To Begin with, At some point in every startup journey, legal…
Should incubators guide founders on cross-border company setup? To Start with, Startup incubators today do much more than provide office…
Leave a Comment