Essential Documents & Licenses Required for a PCD Pharma Franchise

When you are an investor, an entrepreneur, or want to enter the pharmaceutical business via franchise routes. If you hear about a franchise or want to own a pharma franchise. The PCD pharma franchise stands for propenda cum distrubuitio, which means the reputable pharma company allows you to sell their products with proper marketing support, monopoly rights, and an authorized product distributor. This is the most powerful opportunity for business seekers or investors.

If you want to own a PCD pharma franchise, you need the essential documents & licenses required for a PCD pharma franchise. Don’t worry, in this article, we will talk about what you need, how it works, and why you need it.

Demand For PCD Pharma Franchise In India

As mentioned in Wikipedia, India is the 3rd-ranked in the pharmaceutical industry globally, expanding its reach to $130 billion by 2030.

What Exactly Is A PCD Pharma Franchise?

When it becomes a PCD pharma franchise, the reputable pharma company allows you to sell their products in your territory. When talking in a simple way, you just handle all the marketing and sales rights in your specific religion. If you want to own a Pharma Franchise Business, you need, Drug License, Goods and Services Tax (GST) Registration, FSSAI License, and Central Drugs Standard Control Organization (CDSCO).

Why Does Documentation Matter For Your Own PCD Pharma Franchise?

Before we understand the essential documents & licences, we need to know why documentation matters to owning a PCD pharma franchise. The documentation is not about the formality; it is essential to operate your franchise business safely under the Drugs and Cosmetics Act, 1940.

When it talks shortly:

• Legally distribute medicines
• Distribute & safeguard your products under the Drug and Cosmetic Acts.
• Builds better relations with doctors, chemists, & suppliers.
• GST tax claims

What Are The Essential Documents Required For A PCD Pharma Franchise Business?

Drug licence(wholesaler or retailer)

Starting a PCD pharma franchise, you need a drug licence just because With this licence, you legally sell and distribute medicines in the market. You can apply for it in the state drug control organisation. You have two options to choose a wholesale drug licence and a retail drug licence.

GST Registration

A GST licence is not only for medicines; every good or product you want to sell needs a GST licence. This Retail Drug License helps you to distribute pharma products legally.

This process involves:

• Allow invoices
• Tax input & credits
• Transportation & goods

When you want to apply, you need a PAN, a bank account, or business address proof. You can easily apply for it online through the GST portal.

Business Registration:

Every business has various business entities, such as sole proprietorship, partnership, and private label business identity. You need to register your company or business with the ROC and open a company bank account.
Registration adds professionalism to your business and also enhances your credibility or reputation in the market.

Franchise agreement:

You need the legal agreement with your parent company because the Pharma Franchise Ownership Proof defines all the terms and conditions of your pharmaceutical company.

It includes:

• Products types
• Distribution rights
• Territory rights
• Marketing & promotional growth
• Renewal & company policies
• Profit margin

Trademark registration:

Select your trademark logo and re-register it throughout trademark registration.

Identity proof:

You need identity proof for owning a drug licence and partnering with a reputable pharma company.

Anything you choose:

• Adhar card
• Voter id
• Passport
• Electric bill
• Rent agreement

Qualifications certificate:

The most essential document your parent company needs is qualification certificates. If you are not a qualified pharmacist, you should hire a diploma or degree holder who has been approved for a degree by the state pharmacy. Also, take NOC from the manufacturer.

Storage & premises proof:

Every medicine requires different temperatures and storage conditions, so you need the storage and premise proof, such as:

• Proper ventilation
• Temperature control
• Refrigeration system for vaccines

What Things Do You Consider Before Starting A PCD Pharma Franchise?

When you want to start a PCD pharma franchise, here is the Step-by-Step Guide to Starting a PCD Pharma Franchise in India.

Choose a reputable pharma company like LifeVision Healthcare.

• Select your religion
• Register your business
• Apply drug licence
• Need GST licence
• Sign franchise agreement
• When required, hire a professional pharmacist
• Promotion & marketing strategy
• Renew licence

People Also Ask About Essential Documents & Licenses Required For A PCD Pharma Franchise

Q.1 Can I start a PCD franchise without a pharmacy qualification?

A: No, you can not start a business without a pharma qualification. But you hire a qualified degree holder in pharmacy and start your business.

Q. 2 Do I need a high investment to start a PCD franchise?

A: When you don’t have a high investment, you can easily start a business on a low budget between 1 to 2 lakhs. But it depends on the product range & your selection territory.

Q.3 Can you tell me the difference between a wholesale & retail drug licence?

A: A wholesale business allows you to sell products in bulk quantities, or a drug licence allows you to sell medicines directly to customers.

Q.4 Can I choose product varieties from the parent pharma company?

A: Yes, you can choose product varieties, all the terms & conditions mentioned in your franchise agreement, read it carefully.