Long-Term Housing

Minimum Rental Periods

The minimum rental agreement period is typically 1 year.

Required Documents for Signing a Lease

There are no set standards for required documentation to sign a lease.

Standard Security Deposit

The security deposit is equivalent to 1-3 months’ rent.

Local Norm for Returning the Security Deposit

The security deposit is returned after lease termination, completion of inspection, cleaning, and payment for final utilities.

Rental Commission

Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission equal to 5%-10% of the annual rent.

Payment of Rental Commission

The agent’s rental commission is typically paid by the landlord.

Accepted Method of Payment

Wire transfer, check, and cash are acceptable methods of payment.

 

School Registration

School Fees

Typical school fees include:

• Registration fee
• Tuition fee
• Admission fee
• Application fee

Accepted Method of Payment

Wire transfer, check, and cash are accepted methods of payment.

 

Obtaining a Driver’s License

Requirements

An origin country driver’s license needs to be converted to a local license within 1 month of arrival.

Additional Notes

Please note that an International Driver’s License is issued in the country of origin.

 

Opening a Bank Account

Required Documents

In order to open a bank account, you may be asked for:

• Valid ID
• Valid passport
• Work permit

Time Required

Typically opening a bank account can be completed in 1 day.

Additional Notes

Generally there is limited use of credit cards.