WebWhat is Foreign Workers Bond? It is a security deposit (in the form of Banker’s Guarantee) or cash deposit of S$5,000 required by Ministry of Manpower (MOM) for every foreign worker (non-Malaysian) to work in Singapore. Product Literature. Proposal-Form-Foreign-Workers-Bond. PDF, 250.19 KB. Plan overview. Web20 Jul 2024 · The Ministry of Manpower (MOM) will send you a renewal letter about 8 weeks before the expiry of your helper’s work permit. You will be able to renew the work permit online after receipt of this letter. If you wish to renew your helper’s work permit before receiving the renewal letter, you can submit a request to do so here.
Work Pass Division To Be Signed Once Only - Ministry of …
WebThe $5,000 Security Bond to MOM that you purchase with Income only allows us to act as a guarantor by providing a Letter of Guarantee to MOM on your behalf. This frees you from … WebA security bond is a binding pledge to pay the government if either you or your helper breaks the law or Work Permit conditions. The bond is in the form of a banker’s or insurer’s … starwil prods talent agency
Security bond requirements for migrant worker - Ministry …
WebUnder MOM legislation, a security bond is a binding pledge to pay the Singapore government up to $5,000 if you break the law governing the employment of a helper. You need a security bond for every helper you employ. ... you will not need to furnish any amount for the security bond as the insurance company will provide a letter of guarantee. WebMaid Insurance Guarantee Bond Bundle your maid’s security bond with our 26 months’ MaidPlus policy! MSIG’s maid insurance ensures you comply with all regulations by … WebDo you offer waiver of counter indemnity for security bond to Singapore Ministry of Manpower (MOM)? Faith, your friendly assistant 1 year ago Updated Waiver of counter indemnity for security bond to MOM is included as part of the standard package without additional cost for your peace of mind. starwick drive canfield ohio