Several licenses and registration are required for the startups to get incentives from the government. The list of such licenses is as follows:
Startup India certificate: With a view to boost the Indian economy and encourage entrepreneurship, the Government of India, under the administration of the Ministry of Commerce & Industry, had begun the Start-up India Stand-up India initiative in 2015 to uplift and grow the Indian start-ups. To know more about the process, you can click here or contact us.
ISO Certification: ISO certification is a seal of approval from a third party body that a company runs to one of the international standards developed and published by the International Organization for Standardization (ISO). The ISO are an independent, non-governmental international organization who brings together experts to share knowledge and develop international standards that support innovation and provide solutions to global challenges. ISO certification shows your key stakeholders that you have a well-run business that has structure, is stable and ready for growth. To know more, you can click here or contact us.
NSIC certificate: NSIC or National Small Industries Corporation is a Government of India enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC helps promote, aid and foster the growth of MSME businesses in India by operating various schemes like Single point Registration for Government Purchase, Marketing Support, Performance and Credit Rating Scheme for small industries and more. In this article, we review the procedure for obtaining NSIC registration in India along with the charges. For more information, contact us.
MSME certificate: MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI's.
TReDS registration: TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. These receivables can be due from corporates and other buyers, including Government Departments and Public Sector Undertakings (PSUs). To know more, click here or contact us.
Import Export code registration: An Importer Exporter Code is a unique 10-digit code, which is requisite for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
GeM registration: The GEM (Government e-Marketplace) is a government-run e-commerce portal to facilitate and enable easy online acquisition of the Consumer Goods & Services that are needed by various Organizations, Government Departments and PSUs.
By Siddharth Dalmia, the Startup Sherpa