Nutritional supplement business is one of the booming industries at present. If you are highly interested in selling and formulating your own supplement then it’s a perfect time now.The industry is occupying a major portion of the whole country economy and it is expected to increase in coming days.But you need more than just manufacturing it tostart selling.There are many strict regulations that you have to abide,regulated by Government of India.These regulations are not only responsible for governing themanufacture of food supplements, their labelling but also regulates its marketing in India.You have to understand the stepsproperly and follow it in order to sell your supplements legally.
What is your business structure?
At first register your business and then finalize your business structure as well as the sales model.Based on your business structure, the profits from your sales are taxed by the government and also the types of legal protections vary.Some of the options you should consider are LLC, Sole proprietorship, and corporation.When your business starts growing you may consider incorporation for protecting your business assets.
Get your tax registration– Buying and selling nutritional supplements or dietary supplements need a business license or registration. It is needed for filing taxes of your supplement sales business.
Business plan will decide what kind of license you require: Whether or not you need a license or not depends solely on your business plans.If you are in a plan to make your own nutritional formulas and manufacture then you need a FSSAI nutritional supplement license for manufacturing for sure. Likewise, if you intend to import the health supplement products or market them, you need to obtain the FSSAI health supplement importer license and marketer license respectively.
Labelling needs: Other than the requirement of dietary supplement license, it is also vital to know about the labelling requirement.The label should include name of supplement, brand statement,nutritional labelling, and ingredients list, contact information for manufacturer or distributor, etc.
The whole process of registration and obtaining license tobegin a nutritional supplement business may be long and challenging but with the help of an experienced consultant, the process can become easy and less complicated.So, if you are actually serious in beginning your nutritional supplement business, then you need to obtain the necessary FSSAI license.
Thus, by now you must have understood everything about license required for nutritional supplement business.
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