Pharmacy Business Registration Requirements

Pharmacy Business Registration Requirements – Pharmacy selling basic medication is really a must in every barangay in the country, especially in the countryside. If you have the knowledge in pharmacology, why not venture into starting pharmacy business? You are not only helping those who are in need of basic medication for their common illness like colds and coughs by providing them easy access to cold and cough medicines, but at the same time you earn money. Here are the simple pharmacy business requirements needed by certain government agencies.  Don’t forget you will want to hire assistants who pass pharmacy technician certification.

For Single Proprietorship

1. Business Name Registration
Visit the department of Trade and Industry (DTI) provincial office where the business is located or log on to www.bnrs.dti.gov.ph. Validity for business name registration is for 5 years.
Requirements:
• Accomplished Business Name Registration Form (Single Proprietorship/Partnership (Optional)
• Registration fee of P300.00

2. Mayor’s Permit
Agency: Local municipality where the business is located. Validity is for 1 year.
Requirements:
• Accomplished Business Permit Application Form
• DTI Business Name Certificate
• Sketch of the business location
• 2 pcs. 2×2 colored ID Picture
• Registration fee, the amount of which depends on the type of the business

3. Tax Identification Number (TIN)
Agency: Bureau of Internal Revenue (BIR) National Office, Agham Road, Diliman, Quezon City
Trunk line: (632) 981-7000/981-8888
Email: contact_us@cctr@bir.gov.ph
Website: www.bir.gov.ph
Requirements (to be submitted to BIR Revenue District Office where the business is located):
• Accomplished Form 1901
• Mayor’s Permit
• Registration Fee of P500.00

4. Social Security System (SSS) Certificate
Loans and Investment Office
SSS Building, East Avenue, Diliman, Quezon City
Tel. nos.: (632) 920-6401 / 920-6446
E-mail: member_relations@sss.gov.ph
Website: www.sss.gov.ph
Requirements:
• Accomplished R1 Form
• DTI Business Permit
• Mayor’s Permit

5. Department of Labor and Employment (DOLE) Registration (with 5 or more employees)
Agency: Department of Labor and Employment
(DOLE) – Labor Standard and Enforcement Division
Address: 2nd Floor Dy International Building, San Marcelino cor. Gen. Malvar St., Malate, Manila
Tel. No.: (632) 339-2013
Hotline No.: 527-8000
Email:osec@dole.gov.ph
Website: www.dole.gov.ph
Requirements:
• Accomplished Rule 1020 Form
• Lay-out of business location
• Vicinity map

For Partnership

1. Securities and Exchange Commission (SEC) Certificate
Address: SEC Building, EDSA, Greenhills, Mandaluyong City
Tel. nos.: (632) 726-0931 to 39
Email: mis@sec.gov.ph
Website: www.sec.gov.ph or http://iregister.sec.gov.ph/MainServlet (for online registration)
Requirements:
• Verification Slip Form (Re: Proposed Name)
• Accomplished Registration Data Sheet
• Articles of Partnership
• Written Undertaking to Change Corporate Name
• If the contributed capital is in the form of a real property, a Deed of Assignment executed by the stockholder who is the owner is needed

For Corporation

1. Securities and Exchange Commission (SEC) Certificate
Address: SEC Building, EDSA, Greenhills, Mandaluyong City
Tel. nos.: (632) 726-0931 to 39
Email: mis@sec.gov.ph
Website: www.sec.gov.ph or http://iregister.sec.gov.ph/MainServlet (for online registration)
Requirements:
• Articles of Incorporation and By-Laws
• Verification Slip Form (Re: Corporate Name)
• Accomplished Registration Data Sheet
• Treasurer’s Affidavit
• Bank Certificate of Deposit
• Authority to Verify Bank Accounts
• Written Undertaking to Change Corporate Name when necessary
• Subscriber’s Information Sheet
• If the paid-up capital is in the form of a real property, submit the following additional requirements:
- Statement of Assets and Liabilities
- Deed of Assignment executed by the stockholder who is the owner of the property in favor of the corporation. If the property contributed is a building or parcel of land, the deed must be presented to the Register of Deeds for registration
- If the property being contributed is a building, submit detailed list of the building/s giving a brief description of each
- If the property being contributed is a parcel of land, submit detailed list of the parcel land showing the OCT/TCT numbers, registered owner, lot and block numbers, area, location and encumbrance, if any; and
• Registration fees of P360.00

Other Agency
1. Bureau of Food and Drugs (BFAD) Certificate
Agency: Bureau of Food and Drugs
Address: Civic Drive, Filinvest Corporate City, Alabang, Muntinlupa City
Tel. Nos.: (632) 807-0721 / (632) 842-5606
Email: bfad@bfad.gov.ph
Website: http://www.bfad.gov.ph

Requirements:
• Notarized Petition Form/Joint Affidavit of Undertaking duly accomplished
• Tentative list of products using generic and brand names, if any
• Floor area not less then 15 square meters
• Generic while labels
• Dry seal or rubber stamp of outlets
• Pharmacist Registration Certificate
• PRC-ID, valid PTR, ID picture and certificate of attendance of owner/pharmacist to a BFAD sponsored/accredited seminar on Licensing of Drug Establishments and Outlets
• If single proprietorship, Certificate of Business Name Registration from the DTI
• If corporation, copy of registration with SEC and Articles of Incorporation or Partnership
• Contract of Lease for the space to be occupied if the owner does not own it
• Picture of drugstore with signboard
• Additional: Location Plan, Floor Plan with dimension
• The following reference books must be present:
Philippine National Drug Formulatory
R.A. 3720 otherwise known as Food, Drug & Devices & Cosmetics Act
R.A. 6675 otherwise known as Generics Act of 1988 and relevant implementing rules and regulations
R.A. 5921 otherwise known as Pharmacy Law as emended and relevant implementing rules and regulations
R.A. 8203 otherwise known as Special Law on Counterfeit Drugs
• Any of the following reference books:
United States Pharmacopoeia/National Formulary (USP-NF) latest edition
Remington’s Pharmaceuticals Sciences (latest edition)
Goodman and Gillman Pharmacological Basis of Therapeutics (latest edition)
Record books duly registered with BFAD (Prescription Book)
• Registration fee of P1,000

Source: Bureau of Small and Medium Enterprise Development (BSMED)

3rd Floor, OPPEN Building
349 Sen. Gil Puyat Ave., Makati City
Tel. Nos.: (632) 890-4968 / 897-7596 / 897-1693
Fax No.: (632) 896-7196
Email: bsmed@dti.gov.ph
Website: www.dti.gov.ph