For every non-Malaysia foreign worker to work in Singapore, you need to have a security deposit or cash deposit of S$5,000 – as regulated by Ministry of Manpower (MOM). Upon successful application or renewal of the work permit for foreign workers, you are then required to submit the security deposit or cash deposit to MOM. Security deposit or cash deposit can be replaced in the form of Foreign Worker Bonds. With our Foreign Worker Bonds, you do not need to place the security deposit of S$5,000 upfront.
Premium per Pax: S$107 (Inclusive of 7% GST)
