John Miller (Business Strategist) 12 January 2021

What are the advantages of registering a startup company?

What are the advantages of registering a startup company under M.S.M.E?

Quick Summary

Registering your startup company in India offers significant advantages, particularly through the Startup India Initiative. Benefits include tax exemptions for three years, enhanced patent application and IPR protection, and simplified compliance with labour and environmental laws through self-certification. The process is also streamlined, allowing for easy registration via a mobile app and website, and a simpler winding-up process if needed.

2 Replies

Nandini Warrier 13 January 2021

Good morning, There are various advantages to registering your business under MSME. There are benefits that are provided by the Indian Government to small scale or medium scale businesses, which can only be availed if you're registered under the MSME act, such as subsidy on loan, a chance in bidding to obtaining government tender, easier to obtain approvals and licenses. Please find the advantages of registration here - https://www.fundstiger.com/benefits-msme-registration/ Please refer to this link to understand more- https://www.lawyersclubindia.com/articles/5-smart-legal-decisions-for-a-start-up-8121.asp Hope this helped! Regards, Nandini

Brazillia Vaz 04 February 2021

There are a number of advantages of registering a Startup company. On January 16, 2016 the government of India launched the Startup India Initiative, to help boost the startup ecosystem.

1. They are provided with tax exemption for three years,

2. They have a startup patent application and IPR protection,

3. They are provided with self certification under Labor and Environmental Laws (no time-consuming compliances)

,4. They are provided with easy Winding Up of the Company process,

5. It is a simple process of registration which can be done through the mobile phone, as the Government has launched an app and website for easy registration.