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 1-2 months’ rent.

Local Norm for Returning the Security Deposit

Typically, the landlord has 30 days to return the deposit. However, it is more common to have the deposit returned after all the outstanding utility bills have been settled. This may take up to 2 months. Any damages detected during the check-out inspection will be deducted.

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 or 10% of the annual rent.

Payment of Rental Commission

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

Schools typically require a registration fee around 300-1000 USD.

International school tuition ranges from 3000 – 8000 USD per term.

Accepted Method of Payment

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

Additional Notes

International schools often have a wait list for entry so it is important to apply for a spot as soon as possible. When applying, you will require your child’s birth certificate and a copy of their school records. Your child may be required to visit the school and complete an assessment.

 

Obtaining a Driver’s License

Requirements

Typical documentation required to obtain a driver’s license include:

• Copy of a valid passport
• Copy of valid visa
• Origin country driver’s license

Additional Notes

International driver’s licenses are accepted for 6 months, then must be converted to a local driver’s license. National driver’s licenses need to be certified and translated prior to the conversion process.

Depending of the country of origin you may be required to pass a test.

 

Opening a Bank Account

Required Documents

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

• Valid Passport
• Work Permit
• Proof of address
• Confirmation of employment / income

Time Required

Typically opening a bank account can be completed in 2 days.