Menu
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 completion of inventory, inspection of the unit.
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 landlord.
Accepted Method of Payment
Wire transfers and cash are accepted methods of payment.
School Fees
Typical school fees include:
• Registration fee
• Tuition fees
• Admission fee
Accepted Method of Payment
Wire transfers are the most common method of payment.
Requirements
Conversion to a local driver’s license is required within 6 months of arrival. The current license needs to be translated, certified or legalized by your Embassy and then changed into local driver’s license.
Required Documents
In order to open a bank account, you may be asked for:
• Valid passport
• Work permit
• Residence permit
• Proof of income
• Proof of residence
Time Required
It may take up to 1 week for your account opening to be complete.
Additional Notes
The bank may charge a minimum deposit of $10 – $50.