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How to set up a company while working for another?

Hi,

I want to become a partner in a company. The issue is I do not want my name or my wife's name to be in the trade license as the company where I am working does not permit the same (even for my spouse).

What is the workaround as I need a hold on the new company where I will invest?

The other partners are fine with any legal way of doing it.

Please help!

Samira Alzarooni Advocates and Legal Consultants
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13 Nov 2021, 12:08

Dear questioner,

You can not run the business same time as working for your company.

It would require getting a no-objection certificate in order to run another business.

For any further information, kindly reach us via phone or email.

Ahmed Mohammed Bashir Advocates & Legal Consultancy
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14 Nov 2021, 05:50

Dear questioner,

Some legal ways can be implemented, such as registering the partnership in someone's else name and signing a side agreement that secures your rights.

For more information, please contact us through phone call or Whatsapp.

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