News & Events

26 Oct 2015

Levy Bond

Changes to levy bond rules from Nov 2015

MOM has introduced the levy bond as an insurance against levy default by construction employers. Currently, it applies to their work permit holders from Non-Traditional Source countries and People's Republic of China.

From 1 Nov 2015, the levy bond will extend to all work permit holders from:

Non-Traditional Source countries
People's Republic of China
Malaysia (New)
North Asian Source (NAS) countries: Hong Kong, Macau, South Korea and Taiwan (New)

From that date, employers who meet the levy bond conditions must submit a levy bond for each work permit holder they employ from the above countries.

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