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Following the successful application / renewal of work permit for your foreign workers, the Immigration Department would require you, the Employer to:
Submit a security deposit of S$5,000.00 per worker. This can be in the form of an Insurance Bond. The period of Bond is normally 26 months.
Once the application is approved, the insurance company usually requires a counter guarantee to be executed by the Employer and / or personal guarantors
as per underwriting terms agreed.
The original counter guaranteed letter (indemnity form) need to be signed and submitted every time before the bond is issued to you. This process can always be tedious and time consuming.
We are here to help!
We provide the Immigration Bonds for all classes of foreign workers from China, India, Bangladesh, Thailand, Sri Lanka, Indonesia, Philippines etc sources approved by the Ministry of Manpower.
We provide very competitive premium and ease the whole administration process for you. With us at your service, you can concentrate on your own business.
Contact us to request for a quotation NOW.
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