Startup Company Registration in Bangalore

There are 4 options to start a company in Bangalore:

• Private limited company: Suited For –
  • If you have partners and planning to raise funds
  • High growth companies
  • Tech companies
  • Foreign companies planning to set up
• Limited liability partnership: Suited For –
  • Family businesses
  • Trading business
  • Not planning to raise funds from investors in the near future
• One person company: Suited for –
  • If you do not have partners
  • Wants to raise funds
  • Plan to have a cofounder
• Proprietorship: Suited for –
  • The simplest way to start a business
  • If you are experimenting with your idea

Bangalore is the fastest-growing city in India. The main advantage of this IT Hub is the availability of a large pool of technology professionals. Many global technology companies are present in Bangalore.

In recent years Bangalore has been witnessing a boom with start-ups. Now, with better infrastructure, Bangalore is ahead in new business. Talents accrue the country, migrating to Bangalore to start a new business.

• Identity Proof
  • Permanent Account Number (PAN) Card
  • Aadhaar Card / Passport / Driving License / Voter Identity Card
• Address Proof
  • Telephone Bill / Mobile Bill
  • Electricity Bill / Water Bill
  • Bank Statement /Bank Passbook with the latest transaction (Any one of the Documents not older than 2 months)
• Passport size Photographs

  Passport size Photographs of Shareholders and Directors (3 Each) are required for DIN / DSC Applications.

• Registered Office – Address

  The following are the Documents required for Registered Office Address

  • Address Proof

    In the name of the Owner of Address. Documents such as Electricity Bill, Telephone Bill, Gas Bill or Water Bill (Not older than 2 months)

  • No-Objection Letter

    No-Objection Letter from the Owner of Address for the use of the address as Registered Office of the Company.

• The date of registration of the entity is not more than 10 years old.
• An entity is registered as a Private limited company or Registered Partnership Firm, Limited Liability Partnership.
• Annual Turnover of the company or entity doesn't exceed Rs 100 crores for any financial year since incorporation.
• An entity should have a plan for developing or improving a product, process, or Service or have a scalable business model with high potential for creating wealth and employment.

• Startups shall be allowed to self-certify compliance for six labor laws and three environment Laws.
• Startups shall be inspected only on a receipt of a credible and verifiable complaint on violation in writing to the inspecting officer.
• Exemption from Income tax for any of the three consecutive years in the first ten years. In order to avail of this exemption, the startup should be approved by the inter-ministerial Panel in addition to approval by DIPP.
• Exemption from Agel Tax. i.e., Tax on share premium received more than Fair Market Value.
• Easy winding up of startups under the Insolvency and Bankruptcy Code, 2016
• Rebate on cost and Fast Track Approval for IPR (i.e., Patent, copyright, trademark) applications.