Net Worth Certificate for VISA
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Why Net Worth Certificate Required for VISA Application?
Net Worth Certificate for VISA required While making VISA Application. Therefore, Networth Certificate required when we apply Student/Study VISA, Work Permit VISA, Tourist VISA or PR VISA (Permanent Residency VISA). Basic Purpose of net worth certificate for VISA is to evaluate the financial position and economic strength of the applicant(s). Net worth certificate from CA (Chartered Accountant) assures the wealth of the VISA applicant by which foreign embassy can make a decision to grant required VISA. For Example, a person has applied for Foreign VISA for Study purpose, his net worth (With sponsor/parents) must be more than basic requirement to survive as student in foreign country. Another example, lets say someone has applied for Visitor VISA then his wealth must be shows the aspect that person will return to home country on completion of tourist VISA. Thus, Net Worth Certificate is important document for filing of VISA Application.
What must be included in Net Worth Certificate for VISA?
VISA Purpose Net Worth Certificate must Includes followings
- Name and Address of VISA Applicant with Identity Number like Passport Number, Aadhar Number, PAN etc.
- Details of Joint applicant if applicable.
- Amount of Total Liquid Assets with Bifurcation of various movable assets class.
- Immovable Property Details with Valuation.
- Certificate must be issued by Chartered Accountant in CA Letter Head.
- Document must be Signed by CA with UDIN.
- Date of Certificate Issued and Currency Conversion Rate.
Which Country Embassy demands Net Worth Certificate for VISA
Mostly All Countries in the world prefer admission of person with better wealth. Its normal that no country wants immigrant suffer financial crisis. As per our experience CANADA, USA, UK, European countries asks for Net worth certificate for each type of VISA.
