{"id":11486,"date":"2017-03-16T16:58:21","date_gmt":"2017-03-16T08:58:21","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/?page_id=11486"},"modified":"2025-09-09T10:55:20","modified_gmt":"2025-09-09T02:55:20","slug":"levy-bond","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/insurance-bonds\/levy-bond\/","title":{"rendered":"Levy Bond"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#ffffff;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><h1>Levy Bond<\/h1>\n<\/div><div class=\"fusion-text fusion-text-2\"><h2>Commercial Insurance<\/h2>\n<\/div><div class=\"fusion-text fusion-text-3\"><p>Ministry Of Manpower (MOM) requires a Levy Bond for each Work Permit holder for the following:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The workers\u2019 Work Permits have been cancelled because of unpaid levies.<\/li>\n<li>Employers who have been late in levy payments for at least 3 times within 12-month period.<\/li>\n<li>Change in ownership of sole proprietorships.<\/li>\n<li>New business entity employing foreign workers. The business entities include:\n<ul>\n<li>Sole-proprietorship.<\/li>\n<li>Partnership.<\/li>\n<li>Incorporated business that has a paid-up capital of less than $50,000.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-4\"><p><span style=\"text-decoration: underline;\"><strong>How much to pay?<\/strong><\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-5\"><p>The amount of levy bond required depends on the foreign worker&#8217;s skill level.<\/p>\n<table>\n<tbody style=\"border: solid 1px #000;\">\n<tr style=\"background-color: #f1f1f1; text-align: left;\">\n<th style=\"border: solid 1px #000;\"><strong>Worker\u2019s Skill Level<\/strong><\/th>\n<th style=\"border: solid 1px #000;\"><strong>Level Bond Amount<\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"border: solid 1px #000;\">Basic and higher skilled<\/td>\n<td style=\"border: solid 1px #000;\">$600<\/td>\n<\/tr>\n<tr>\n<td style=\"border: solid 1px #000;\">Unskilled<\/td>\n<td style=\"border: solid 1px #000;\">$2,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><div class=\"fusion-text fusion-text-6\"><p><span style=\"text-decoration: underline;\"><strong>How to pay for levy bond?<\/strong><\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-7\"><p>Levy bond can be paid with an Insurance\/Banker\u2019s Guarantee made payable to the Controller of Work Passes. MOM does not accept cheques.<\/p>\n<p>The validity period\/monitoring period of levy bond is usually 12 months and 6 months for newly registered companies. The levy bond will be discharged when this monitoring period expires.<\/p>\n<p>The bond monitoring period may be extended if there are more delays in levy payment.<\/p>\n<\/div><div class=\"fusion-text fusion-text-8\"><p><span style=\"text-decoration: underline;\"><strong>Other Services you may require:<\/strong><\/span><\/p>\n<p>We also provide the following services to address the other requirements in relation to the employment of foreign workers:<\/p>\n<ul>\n<li><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/insurance-bonds\/mom-security-bond\/\">MOM Security Bond<\/a><\/li>\n<li><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/insurance-bonds\/undertaking-bond\/\">Undertaking Bond (MYE Bond)<\/a><\/li>\n<li><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/work-injury-compensation\/\">Work Injury Compensation Insurance<\/a><\/li>\n<li><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/foreign-worker-medical-insurance\/\">Foreign Worker Medical Insurance<\/a><\/li>\n<\/ul>\n<p>For a quotation, contact us today at 6513 6984 or<div class=\"fusion-text fusion-text-8\"><\/div><\/p>\n<\/div><div class=\"fusion-text fusion-text-10\"><p style=\"text-align: center;\"><a class=\"insurecontactbutton\" href=\"\/contact-us\/\"><i class=\"fas fa-comments\" style=\"font-size: 20px; color: #ffffff; padding-right: 5px;\"><\/i>Contact Us!<\/a><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-11\"><p><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-300x199.jpg\" class=\"alignnone wp-image-11258 size-medium lazyload\" width=\"300\" height=\"199\"><noscript><img decoding=\"async\" class=\"alignnone wp-image-11258 size-medium\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-300x199.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-200x133.jpg 200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-300x199.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-400x265.jpg 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-600x398.jpg 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-768x509.jpg 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond-800x530.jpg 800w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2014\/12\/insurance-bond.jpg 1000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":10567,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11486","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/11486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/comments?post=11486"}],"version-history":[{"count":13,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/11486\/revisions"}],"predecessor-version":[{"id":14453,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/11486\/revisions\/14453"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/10567"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/media?parent=11486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}