Osama Khalil

Banks in Dubai require companies to maintain a minimum balance for business accounts in Dubai. This means you must always keep a certain amount of money in your account. If your balance drops below this limit, the bank may charge you fees or penalties. Different banks have different rules, so you must check your bank’s policy. […]

Starting a business in Dubai requires a trade license in Dubai. The government issues this license to regulate business activities. Without it, you cannot legally operate. The process is simple if you follow the right steps. Types of Trade Licenses in Dubai Before applying, understand the different types of business license Dubai options: Commercial License A Dubai commercial license allows

When you plan your business setup in UAE, you must decide between a sole proprietorship and an LLC (Sole Proprietorship vs LLC). Both structures have benefits, but they suit different business needs. Let’s break down the differences in simple terms. What is a Sole Proprietorship in the UAE? Company Formation in UAE A sole proprietorship means

Many people ask, “Is there income tax in UAE?” The simple answer is no. The UAE does not impose income tax on individuals. This means if you work in Dubai, Abu Dhabi, or any other emirate, you keep your full salary without any deductions for income tax in UAE. However, the UAE tax system includes other types

The UAE introduced corporate tax to diversify its revenue sources. Previously, most businesses did not pay tax on profits, but now the government applies a federal tax on company earnings. However, the system remains business-friendly compared to many other countries. Who Needs to Pay United Arab Emirates Corporate Tax? Companies operating in the UAE must

An LLC in Dubai is a Limited Liability Company, and many entrepreneurs choose it because the owners have limited financial risk. The government allows foreigners to own 100% of an LLC in Dubai mainland, but free zone rules may differ. Why Should You Start an LLC in UAE? Starting an LLC in Dubai offers many benefits.

Starting a business in UAE as a foreigner may seem difficult, but the process is actually straightforward. Many entrepreneurs choose UAE because of its tax benefits, strong economy, and business-friendly policies. This guide will explain everything you need to know about UAE company formation in simple terms. Why Choose UAE for Company Formation? The UAE

If someone owes you money in Pakistan and refuses to pay, you may feel frustrated. However, you can recover money in Pakistan using legal and practical steps. This guide explains how to get money back in Pakistan without hassle. Understand Your Options to Recover Money in Pakistan First, you must know the best ways to recover money in Pakistan. You

When someone does not pay back a loan, misses rent payments, or ignores dues, the creditor can take legal action. In Pakistan, the debt recovery process follows specific steps under the law. This guide explains the legal process for unpaid loans, rent, or dues in simple terms so anyone can understand. Step 1: Sending a Legal Notice for Debt

Many people make deals without written contracts, relying only on an oral agreement. But what if the other person breaks their promise? In Pakistan, the law still recognizes verbal contracts, but proving them can be tricky. This guide explains the legal procedure step by step. Is an Oral Agreement Legally Valid in Pakistan? Yes, an oral agreement can be