VS IPR & LEGAL ADVISOR

Starting a business in Mumbai is exciting, but getting official startup recognition can unlock real benefits like tax exemptions, funding support, and easier compliance. If you're planning to register your startup, understanding the process clearly can save you time and costly mistakes. What is Startup Recognition? Startup recognition is granted under the Startup India Initiative, launched by the Department for Promotion of Industry and Internal Trade. Once recognized, your business is officially considered a startup and becomes eligible for multiple government benefits. Eligibility Criteria Before applying, your business must meet these conditions Your company should be registered as a Private Limited Company, LLP, or Partnership Firm It should be less than 10 years old Annual turnover should not exceed ₹100 crore The business must be innovative or scalable with potential for employment generation Step-by-Step Process of Startup Recognition in Mumbai 1. Business Registration ...