Off-shore pharmacy licenses turnkey solution. You need offshore pharma licence for selling of pharmaceuticals.
During our work we have come across a lot of clients who either already run a pharmacy or are planning on starting an online pharmacy business but do not realize they have to obtain a license that authorizes the company to sell these products. When somebody wants to start the business thorough research has to be carried out. It is important to consider the laws of the jurisdiction where the company is going to be set up, also somebody has to check the standards required by the authorities. Not having a license or breaching any of the jurisdiction´s regulations will often end in serious criminal and legal consequences.
A lot of people think that offshore pharma is all about Viagra and Steroids but this is only a small part of the story. You can see by comparison of prices that a typical drug that costs $300+ for 90 tablets in the USA costs $108 in Canada and $52.21 in China for 90 generic tablets manufactured at a high grade pharmaceutical plant. The potential of offshore pharmacy is clear for anyone to see. One pharmacy we formed now has over 5000 regular clients and earns over $900,000 in tax free profits each year with just one owner and a virtual office service whose job is to provide customer support, chat panel management, order taking and payment processing.
The offshore pharmacy license in essence authorizes the licence holder to import, export and purchase pharmaceutical products from any supplier worldwide often at very favourable prices in locations such as India, China, Brazil, Panama and Singapore and then resell them in locations where significant profits can be generated. To secure a legitimate pharmacy license you have to meet certain due diligence. Although TTUZA will proceed with the formation and incorporation procedures no documents will be forwarded to the applicant until the due diligence materials have been received:
Costs: Registration costs of registration and maintenance costs of the license depend on where the pharmacy is formed and the local requirements but the cost would generally range from $15000 to $55000. In some locations it is a requirement to arrange premises, accountants and local facilities and pharmacist and these costs are reflected in the above figures. As a guideline based on the pharmacies which we have formed recently the cost has been between $19000 and $22000 depending on exactly what is needed. It must be kept in mind that the incorporation costs are a small proportion of the total with the main costs being lawyers fees and other costs associated with procuring the actual licence itself.
Another vital consideration at formation of pharmacy is that all the parts are assembled correctly. For this reason we always use the same lawyers to form the company, file the various documents with the government and more importantly prepare the application for the licence.
If you have questions please contact us.