The company may have had lots of WP holders and have had a number of them disappear thereby forfeiting there $5K bond. Maids have the same bond. So a lot of companies DO require a deposit for LTVP because if they sponsor them, regardless of what the "couple" do, the company, as a sponsor, is responsible for the repatriation of same.zzm9980 wrote:That sounds really shady. Is it local or MNC?Grybs wrote: 1) The company that are hiring me have asked for a S$5,000 deposit before they will endorse the LTVP paperwork. I don't have that sort of money at the moment, and I'd rather not borrow it.
As there is no legal relationship between the two other than the declaration to get the LTVP, it actually makes good sense from an employers POV.