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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 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 1 months’ rent.
Payment of Rental Commission
The agent’s rental commission is typically paid by the tenant.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
School Fees
Typical school fees include:
• Registration fee – typically around 2,500 USD
• Tuition fees – typically between 11,000 – 18,000 USD, depending on the school of choice
• Admission fee – typically around 2,500 USD
• Application fee – typically around 2,500 USD
Accepted Method of Payment
Wire transfer, check, and cash are accepted methods of payment.
Requirements
It is recommended to obtain an international driver’s license prior to arrival. This should be exchanged for a local driver’s license within 1 year of arrival. A translated, certified copy of the foreign driver’s license is also required.
Additional Notes
Applicants for conversion of driver’s license are expected to have lived in the country for at least 1 year. International driver’s licenses are issued at the country of origin.
Required Documents
In order to open a bank account, you may be asked for:
• Valid passport
• Work permit
• Proof of address
• Proof of employment
Time Required
Typically opening a bank account can be completed in 1 day.