Most people starting a pharmacy or online pharmacy business do not realize they have to obtain a license that authorizes the company to sell these products, which is why, before starting to set up the business a thorough research has to be carried out. From regular sales, face to face, to online selling of the products. Look for the legislation of the jurisdiction where the company is going to be set up, and the standards required by the authorities. Not having a license or disrespecting any of the jurisdiction´s regulations will end in criminal and legal consequences.
Online pharmacies have become very common in this type of business, since it facilitates the sale and purchase of the medications, reaching the costumers to their homes or work places, through a simple click.
Advantages of holding a Pharmaceutical License:
- Basic Due Diligence requirements
- Low registration fees
- Affordable annual fees
- No nationality requirements for directors or owners
- Business transactions can be undertaken worldwide
- No paid-up capital requirements
- Quick approval