There has never been a pakistani that has walked the face of this planet to ever use the yiddish word "schmuck"...you're not from the Islamic Republic of Pakistan my man
I'm thinking of getting out of pakistan.
- Thread starter dakoo
- Start date
There has never been a pakistani that has walked the face of this planet to ever use the yiddish word "schmuck"...you're not from the Islamic Republic of Pakistan my man
Words like "schmuck" start off ethnic yet, over time, become ubiquitous. We do not know -- or, I hope, care if he is Muslim and, even if he is, he may have watched David Letterman or Seinfeld.
The important thing about his Pakistani nationality in this conversation is that he perceives the infrastructure as deteriorating. Do any of us really care about his country of birth?
The important thing about his Pakistani nationality in this conversation is that he perceives the infrastructure as deteriorating. Do any of us really care about his country of birth?
Quote from dakoo:
1. Yeah. I do come from an upper middle class family. A son of privilege if you may. Not loaded, but never had to worry about anything during my childhood. Hence the initial gasps of horror from my family of not choosing a typical prosperous career of an engineer,surgeon or an army officer....heh. The schooling too was private, but my fluency in english may have more to do with a steady diet of FRIENDS and XFiles, Def Leppard, Bon Jovi, Iron Maiden and Metallica as a kid and sticking it to BOLLYWOOD. I've lived all my life so far in Pakistan. The only exposure I've head to British Education is that wholesome goodness of TOP GEAR. Long live Jeremy Clarkson. Educationally I have a bachelor's in Business
Regards.
Well, now I'll officially give you a "pass" - not that it means much coming from me, but I, too, love Top Gear. Judging by the bands you quote, I'm guessing you're not a kid either - mostly 80''s or before. "Iron Maiden?" hmm? LOL.
As I've said before, if you can trade in Pakistan or Iowa, then you can trade pretty much anywhere.
Don
i would go to malaysia.
relatively cheap, but with all basic infrastructure, good weather
relatively cheap, but with all basic infrastructure, good weather
Good weather if you like near 100% humidity, 90 degrees everyday, and monsoons.
Got to wonder how successfull their "traders" are.
I think there's some confusion as to what that $80,000 is required for. You are NOT required to show that you have $80k to trade with. That money is the capital you need to start a Limited Liability Company (LLC) in ANY free zone in Dubai, no matter what the nature of business is. Some free zones require more.
For what it's worth, one can trade from his home. But to gain legal residence status in the country, you need to either be employed by a company, or set up your own company.
You can set it up in any Free Zone, like the Dubai Internet City, Dubai Media City, Knowledge Village, etc. Once your company is set up, you as the owner of that company get your Residence Visa in the country, so you can rent accommodation, get a driving licence, apply for a telephone line or internet connection etc. From then on, one can trade from his home if he doesn't want to come to the office.
You can also employ people and bring them in from abroad, so that they too can get Residence Visas and stay in Dubai. So, one option dakoo might want to consider is to form a group with a bunch of other traders, then create a company in which they're all partners, or in which dakoo is the employer and they are the employees.
That way they can share the expenses of renting an office and setting up the company etc. It does NOT have to be a "trading" company per se. In the Free Zone where I set up my company (same free zone as DPTG), there are all sorts of businesses, from Dentists to supermarkets to decorators to consultancies of all types. A dentist may run his practice in the morning, then in the evening trade the US market from his home.
When I said DPTG would help you with that $80k starting capital, I didn't mean they'll contribute to your trading account or to the capital you need to start up an LLC. What I meant is that they can ask the authorities to let you set up an LLC without depositing all of that $80k in a bank and locking it up with a bank while the licence is being issued. They will also speed up the licence process so that whatever money you deposit is freed as soon as possible.
As to Rationalize's last comment, my understanding was that most traders at DPTG are trading their own personal accounts. For DPTG to give a trader money to trade with, that trader has to demonstrate consistent performance for some time I was told. But my impression was that DPTG are not too eager to enter into such an arrangement, and that it's not what they set up business for. They're more like a facilitator or incubator for traders who want to come to Dubai and trade their own accounts.