Overseas Employment

If you are posted overseas, you must seek approval from Bond Management team before accepting the posting. You may be required to put up a Banker's Guarantee, which could be up to 100% of your outstanding Liquidated Damages (LD). Approval is considered on a case-by-case basis, subject to your document’s submission.
You are expected to serve the majority of your bond period in Singapore. 

Scenario 1

You have been posted overseas by your company and you are not tax liable in Singapore. The overseas office you have been posted to has more than 50% ownership by the Singapore-entity and the Singapore-entity has a global or regional Headquarter based in Singapore.

Your overseas posting will count only if you are able to provide a letter from your company's Human Resource (HR) or the company director of the Singapore-entity stating:
a)  Reasons for your posting;
b)  Start and end date of your posting;
c)  Country you have been posted to;
d)  Relationship of the Singapore office to the overseas office;

e)  Percentage ownership of the overseas office by the Singapore-entity (overseas office must be >50% owned by the Singapore-entity).

Scenario 2

You have been posted overseas by your company and remains tax liable in Singapore. You pay annual personal income tax.

Your overseas posting will count only if you are able to provide a letter from your company's HR or the company director of the Singapore-entity stating:
a)  Reasons for your posting;
b)  Start and end date of your posting;
c)  Country you have been posted to;
d)  That you will remain tax liable in Singapore – i.e. both your payroll and tax arrangements in Singapore remain unchanged.

All Other Scenarios
All scenarios other than the two above will not count towards the serving of your bond. You will have to apply for Bond Deferment by writing to your Bond Administrator at [email protected] . Your Bond Administrator will advise you the amount to put up for Banker’s Guarantee.
Any request for a second deferment of bond period will not be considered and supported unless you have already served at least three years of your scholarship bond.