The financial proof is a mandatory requirement and is an important factor in deciding whether or not you will successfully apply for a visa. However, many people do not understand the nature of the financial proofing procedure, leading to the visa application being rejected, unfortunately. So what is proof of finance and how to prove finance for a visa? SunValue will help you thoroughly through the content below.

WHAT IS FINANCIAL PROOF?

The financial proof is simply understood as showing to the Consulate that you have enough financial capacity to pay for the trip.

The financial proof is also a way to show the applicants commitment to Vietnam. Make sure you do not immigrate illegally or come to the host country with malicious intent. Financial proof is also the basis for determining whether you are going abroad for the right purpose (for tourism, work, visiting relatives, medical examination, and treatment). Thus, it can be said that financial proof is a key factor, in deciding whether the Embassy/Consulate will issue a visa to the applicant.

1. Forms of foreign settlement

1.1. Settlement abroad in the form of business and investment

Business and investment settlement abroad is a form for people with large capital assets, who have managed a business and meet all the requirements of the immigration department on the value of certified assets. proof, the amount of money owned in the savings book. The immigration department will check your previous management experience, work efficiency, profits… to consider your application. This form not only brings an attractive and sustainable source of profit for the family but also for the future of the children.

1.2. Settlement in the form of family reunification

Migration abroad in the form of family reunification is a popular form of equivalent guarantee settlement today. With this type of settlement, parents can sponsor their children or vice versa, husband and wife sponsor each other. Currently, there are many Vietnamese and citizens around the world who have chosen to give birth in their native country to be accepted to stay in this country legally according to that countrys regulations because the child was born in that country. This country should be recognized as a citizen here even though their parents do not have official citizenship.

1.3. Settlement abroad in the form of skills

Migrating abroad as a skilled worker is currently one of the choice trends of many people and is very popular. Because developed countries such as the US, Australia, Canada, European countries are always in shortage of labor. Therefore, immigration for skilled workers is a trend that is prioritized by countries.

1.4. Settlement in the form of studying abroad

After completing the course, international students have many opportunities to apply for jobs and stay in the country for a long time. The prerequisite is that international students must have a job offer from a company legally operating in that country. While working, international students have the right to apply for a green card for permanent residency and then take the citizenship test to become a full-fledged citizen.

2. Foreign settlement documents

In order for the consulates and embassies of the host countries to approve the application and issue a VISA, you need to prove that finance is the core and most important factor that decides whether you can go abroad or not. According to current regulations, documents proving financial settlement include:

  • Real estate ownership papers
  • Documents of real estate ownership and property rental
  • Passbook certified by the bank
  • Confirm bank account balance statement
  • Documents proving your own income, or your financial guarantor
  • Documents proving that the source of investment money is legal money
  • Confirm other income (if any)​

FINANCIAL PROOF SERVICES FOR VISA APPLICATIONS

The financial proofing procedure has never been easy, especially when you apply for a self-sufficient visa. To avoid unnecessary mistakes, and at the same time increase the visa success rate. You should use a reputable property appraisal service.

Currently, on the market, many units provide financial verification services for visa applications. Choosing a reputable and quality financial proofing company will not only help your visa pass rate higher but also ensure that the information in your documents will be confidential.

SunValue – Vietnams leading appraiser, a strong brand in Asia 2021, a national brand that has actively contributed to the development of the appraisal industry in Vietnam with a system of nearly 50 branches and transaction offices across the country. As a reputable, independent appraisal unit with more than 20 years of establishment and development, pioneering the application of technology in valuation, helping to monitor real estate price fluctuations, and completing price data to support development. Vietnam and international real estate market development.

With a fast implementation process, quality, free consulting services, appropriate appraisal costs, confidential information, along with a reliable source of price data will bring the best experience to customers.

Contact SunValue now for questions and consultation!



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