What factors should I consider when choosing a licence type?

This is a strategic decision, and you should consider the following key factors together. First, **product range**: what medicines do you want to sell? This is the most fundamental question. If you want to handle prescription medicines, a “Pharmacy licence” is the only option. If you will handle non-prescription medicines only, a “medicine shop licence” is more suitable. Second, **target customers**: will your customers be members of the public (B2C) or other organisations (B2B)? The former requires a retail licence, while the latter requires a wholesaler licence. Third, **capital investment**: investment varies greatly between licence types. A Manufacturer of Pharmaceutical Products licence requires investment of tens of millions or even over a hundred million; a Pharmacy licence requires the employment of a highly paid pharmacist and the payment of costly shop rent, while the initial investment for a medicine shop or wholesaler is relatively low. Fourth, **team expertise**: does your team include a pharmacist, GMP expert or experienced supply chain manager? Your team composition should match the type of licence you choose.