Due to the fact that it is getting harder to find good opportunities for job employment or education in local countries, many people want to go abroad, particularly to the United States, Canada, Australia, or United Kingdom to seek greener pastures. Even if this is beyond what their budget could afford, these people will find ways to improve their living conditions by exploring what other countries can provide them. If you know one individual who wants to go abroad, you can help them financially by starting with a statement of visa sponsorship so they can process their papers without a hitch. Read this article to find out more about the affidavit of financial support below.
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What Is the Affidavit of Financial Support?
The affidavit of financial support is a legal statement that states a person’s financial capacity to support another person’s needs while they are staying in one place, particularly abroad where they are away from family and without any financial stability of their own. This affidavit is required documentation set by overseas countries to make sure that the person entering their borders would not become their liability and that they can afford the living expenses where they are currently staying.
The affidavit of financial support is also important when enrolling in another country where the applicant has no job and is relying on their parents’ or relatives’ support to continue their studies without the worries of financial struggles up until they graduate.
How to Write an Affidavit of Financial Support
Writing an affidavit of financial support depends on what information was required of the sponsor and the visa/school applicant to write thereon for immediate approval. But here, we jot down some of the most important sections that you will need to include in your legal affidavit.
1. Personal Details
The first thing that you need to write down in the first section of your affidavit are your details as the sponsor and the person you want to sponsor. Write your contact information such as your name, home address, office address (if you are employed or own a small business), immigration status, and social status. You can also opt to put your age (which is required in some countries). Your information is important to visa officers as some of them may perform a background check on you to verify if you are indeed capable of sponsoring another person.
Next, write down the details of the person you are to sponsor using your resources. Write down their complete name, complete home address (also include the country of origin if the applicant is from another country), social status, and age.
2. Relation to Applicant
The next paragraph of the affidavit should state your relationship with the applicant. Most of the time, visa officers will question your motive for sponsoring a person to study or work abroad especially if they are not a blood relative of yours. Despite that glaring fact, you need to be honest about your relationship with the applicant and state why you are helping them.
3. Purpose of Sponsorship
In this section, you will write what the purpose of the travel sponsorship is. Will the applicant be moving to another country for a scholarship? Is the applicant an employee of the sponsor? Indicate the reasons why the applicant is going to another country and indicate the number of months or years that they will be staying as a way to inform the visa approval officers.
4. Your Means of Income
How can you be sure that you can afford the applicant’s living, school, housing, and transportation costs while they are in another country? Provide proof that you can indeed shoulder the expenses by stating your job, where you get your income, or if you have a real estate asset where the applicant can live with you while fulfilling their responsibilities at school or work. The more detailed you are, the better since it increases the chance of the visa application being approved.
FAQs
What Other Requirements Should Back Up a Financial Support Affidavit?
Some of the requirements that will provide substantial backing when sponsoring a student or worker are the following: a statement of account from your bank for show money including information about the opening and current balance of your account, and real estate assets that you have acquired with certification of ownership or title deeds.
Who Are the Possible Sponsors for School or Working Visa Applicants?
Sponsors for visa applicants without sufficient funds may include parents, siblings, employers, schools, charitable institutions, philanthropists, and the government.
How Much Is the Price for Making an Affidavit?
The price or fee of an affidavit depends on the purpose of the affidavit and how much a notary public would charge you. Your location would also affect the price greatly as the currency may differ from place to place. In dollar rate, an affidavit may cost $20.00-$500.00 and may be changed without prior notice.
When writing an affidavit of financial support, you need to know what you have to prepare beforehand so you can help the applicant get the visa approval they need to come over to your country. Download our website’s editable affidavit templates today and begin to write your document more efficiently.
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