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 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 Registration

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.

 

Obtaining a Driver’s License

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.

 

Opening a Bank Account

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.