How to start an IT startup in India?

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?.

What is startup?

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.

What is an IT Startup?

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.

Registrations required for setting up an IT Company startup in India

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:

• Business Registration for Startup  
• Startup India Registration  
• MSME Registration  
• GST Registration  
• Udyog Aadhar Registration  
• Shop And Establishment License for Startup Registration  
• Import Export Code Registration  

Business structures that can be registered as IT startup

An IT Startup can opt for any of the following business structures:

• Private Limited Company
• Public Limited Company
• Limited Liability Partnership
• One Person Company
• Sole Proprietorship Firm
• Partnership Firm

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.

Flow chart of IT Company Registration in India

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.

Documents required to start a business in India  

Startup India Registration    

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.

Conclusion

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?