Using the trade license of an existing company to start business

Question

Q: I am looking to use the general trading license of an existing individual to start my business. what are the things I should watch out for to protect myself? A: It is not permissible to use another business's license to start your own company. Set up a new company with the activity you want…

Yousef Hamza · Accepted Answer

Hi,

It is not permissible to use another business's license to start your own company. There are two options:

1- You amend the general trading license and become the owner yourself of the existing company or;

2- Set up a new company with the activity you want.

Should you wish to receive further information, please feel free to contact my paralegal, Hayyan Khan - hkhan@v7legal.com / 0501132972.

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