What is the maximum lease term available?

The maximum lease term available is 30 years; you also have an option to renew for another 30 years. Each lease renewal that is agreed with the landowner then must be registered at the local land office. For every new registration, taxes will be levied. Land for industrial or commercial purposes may be leased for up to 50 years by a foreign company under certain conditions, also with the possibility of extending the lease after.