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The distribution of medicines requires a license, no matter if it is conducted online or offline. Without the license you are taking enormous risks of both civil and criminal charges. The offshore pharma license allows you to offer every kind of pharmaceutical product, over-the-counter-drugs as well as those only available on prescription. You ca freely choose your suppliers, you can purchase goods in countries that offer pharmaceutical products for the lowest rates, giving you an important advantage over your competitors. You can also offer generics. A generic drug is a drug defined as a drug product that is comparable to brand/reference listed drug product in dosage form, strength, route of administration, quality and performance characteristics, and intended use.
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, 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 ASG 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: Exact costs of registration and maintaining 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 these costs are reflected in the above figures.