Choosing the Business location
Investors may choose to rent unfurnished office space or rent seats according to a plug-and-play model, build their own premises or work from home. Business parks as well as industrial parks offering modern facilities and catering for specific needs of businesses have been built in various regions of the island.
The indicative price for unfurnished office is between USD 10 and USD 14 per square metre per month. The rental cost excludes any VAT or service charges which may be applicable.
Alternatively, according to the Non-Citizen (Property Restriction) Act, a non-citizen investor may acquire immovable property for business purposes. Please refer to the guidelines for more information.
In cases where the business will construct a building or carry out substantive alteration to an existing building, the promoter will need to apply for a Building and Land Use Permit (BLP). The guidelines and application forms can be downloaded from the website of the Ministry of Local Government.