MOM Security Bond
The Ministry of Manpower (MOM) in Singapore requires employers of foreign domestic workers (FDWs) to purchase a security bond as part of the Work Permit application process. The security bond is a form of insurance that provides protection to the Singapore government in the event that the employer breaches the conditions of the Work Permit. The security bond is usually issued together with the insurance policy purchased for your helper.
The MOM security bond is 5,000 SGD for each domestic helper employed. This amount is not paid upfront and in full, but a legally binding agreement to payment if MOM calls on the bond for the violation of the work permit conditions. The bond is payable to the Singapore government and is valid for the entire duration of the FDW’s employment in Singapore.
If the employer violates the conditions of the Work Permit, such as failing to pay the FDW’s salary or not providing proper accommodation, the government may use the security bond to compensate the FDW for any losses or to cover the cost of repatriating the FDW back to her home country.
It is important for employers to comply with the conditions of the Work Permit to avoid any breach of the security bond, which may result in penalties or even legal action.