Guarantee

Key requirements

A guarantee is not required at a uniform amount for every applicant. IRAS informs the business of the amount during processing. Registration guarantees usually cover two years; scheme guarantees cover the effective scheme period, which can range from three to five years. Digital eGuarantees are available from participating financial institutions through the specified process. Check the beneficiary, amount and validity against the actual request before purchase. Submit requested security with the remaining application documents; issuing a guarantee does not itself mean the registration or scheme has been approved.