Pet Bond (Banker's Guarantee)
A “Pet Banker Guarantee” typically refers to a financial product or service designed to safeguard funds in a pet-related financial arrangement, such as pet insurance or a pet care trust. It ensures the availability of money for a pet’s care or other expenses in case of unforeseen events.
The licensee of following types of dogs is required to take up a guarantee/bond:
1. Part 1 List = $5,000
2. Part 2 List = $2,000
The banker’s guarantee/bond must be submitted to AVS within 4 weeks of the dog licence application or within 4 weeks from the arrival of the dog in Singapore, whichever is later, and subsequently during the dog licence renewal.
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