Today, there are several ways to obtain residence in the European countries of the Schengen zone, America, Canada and Australia. Due to their strong economy, many job opportunities, suitable medical, educational and educational facilities as well as having many tourist attractions, these countries have found many applicants for residence and thus, they have created many programs for these applicants so that people can Through them, proceed to receive the residence of the country in question. One of these ways is to obtain residency through financial means, which shows that the applicant has sufficient financial ability to live in the destination country. Today, in this article, we are going to fully introduce and review financial resources and guide to its presentation. So don’t miss this article and follow us till the end.
What is financial ability?
Proof of Funds (POF) is actually a document that shows that a person, family, institution or company has sufficient financial ability to live, trade, study, etc. in the destination country. This certificate is issued by the bank and is sent by the applicant to the embassy or university of the destination country so that the person’s residence permit in the destination country is finally issued. In this certificate, the amount of your financial assets and bank transactions will be included in full, the main reason of which is to show your ability to buy or pay the basic expenses of life such as house, food, clothes, etc. This certificate is also known as “Certificate of Financial Ability”, which is printed in Farsi and English at the request of individuals to present to the authorities of the destination country.
One of the reasons that many countries consider the condition of financial ability to be very important is that the applicant does not cause additional costs to be imposed on the government of the destination country. For this reason, many countries today consider the condition of financial ability very serious for visa issuance.
Necessary conditions to receive a certificate of financial ability
The conditions for proof of financial ability to obtain residency are different in different countries. In general, applicants must provide documents that show their ability to cover living expenses in the destination country. The conditions of a standard financial ability certificate are as follows:
Issuing in both Farsi and English languages and equivalent to dollar or euro currency unit.
Providing financing for accounts that have at least 6 months of deposit history.
It should be in the name of the applicant and with the official letterhead of the bank.
including complete information such as account number, account information, etc.
The minimum amount can be enough to live for one year in the destination country.
Financial ability benefits
Obtaining residency through financial means is simpler and faster compared to other immigration methods. With this method, people no longer need to wait in long queues for multiple interviews and wait for the interview officer’s approval. The visa issuance process is much simpler and faster in this way.
With the ability to obtain status through financial means, people do not need to find a job in the destination country and can enjoy the attractions of the destination country during their trip.
Financial resources allow people to carry out various activities in the destination country. Activities such as investment, finding a suitable job, education, etc.
It is interesting to know that financial resources, in addition to being a good way to issue a tourist or study visa, are also considered a good choice for obtaining permanent residence and citizenship of the destination country. In some countries, after a few years, the holders of financial resources can apply for the citizenship of that country.
The best countries to live in through financial ability
There are many countries in the world that provide the possibility of obtaining residency through financial means. Some of the most popular of these countries are:
Greece
Greece, as the cradle of European civilization, has been able to achieve good progress in the fields of economy, culture, education, health and treatment, tourism and industry in recent years with the policies undertaken by the government of this country. For this reason, today we see an increase in the number of applicants for residency in this country. One of the best ways to get Greek residency is to provide proof of financial means. Applicants for obtaining Greek residence through financial means can succeed in obtaining Greek residence through financial means by depositing an amount worth 60-70 thousand euros.
Extending this visa in different periods will eventually lead to obtaining the citizenship of Greece and obtaining a Schengen visa, and you will have the possibility to live comfortably and permanently in one of the Mediterranean countries in Europe, and by choosing a Schengen visa, you will have this ability. You have to enjoy traveling to 26 European countries.
One of the advantages of obtaining a residence in Greece through financial resources with 60-70 thousand euros is that the applicant has the possibility to bring his family with him in this country and there is no need to pay additional fees. Nobility Immigration Institute specializes in the field of Greek residency counseling through financial empowerment and investment in property purchase. You can contact us for free consultation and more information.
Spain
Another of the richest and best European countries for immigration is the beautiful country of Spain, located in the southwest of Europe. This country has become one of the top tourist and immigration destinations in the world with its high quality of education, advanced healthcare and rich economy. In order to receive a Spanish visa, you must first deposit an amount of around 7,000 euros in the financial institutions of this country. Then you have to prove that you earn at least 2500 euros per month. This amount increases in case of marriage. An income of 1,000 euros per spouse and 500 euros per child is required for you to qualify for Spanish residency through financial means.
An important thing to note is that people who acquire Spanish residency through financial means are required to live in the country for at least 6 months per year to be eligible to extend their visa. Dear applicants, you can benefit from the experience and knowledge of Nobility Institute consultants.
Portugal
In recent years, Portugal has paid a lot of attention to attracting people from different countries through various programs such as buying property and financial resources. The amount of financial ability for the applicant is 9000 euros, for the spouse 4500 euros, for each child 3000 euros, which is a lower amount compared to other European countries, and due to the normal living conditions in Portugal, it has also gained many fans.
Italy
Italy, the fashion capital of the world, has always been the center of attention of many enthusiasts due to its many beauties, and many people are interested in staying in this country for recreation or investment. But in recent years, this country has been able to increase the level of educational institutions to a great extent with the special education and study programs it has provided, and in this way, it has accepted many students. But what are the conditions for obtaining residence in Italy through financial means? The initial capital of the applicant to stay in Italy is at least 32 thousand euros, which is only for the person himself.
If people want to bring their spouse or children with them, for the spouse of the applicant, 7 thousand euros and 2 thousand euros will be added to the initial amount for each child under the age of 18, and the residence of the Italian financial resources will be provided for one year. It is worth mentioning that after 4-5 years, this residence can become permanent and the applicant can continue to live in this country as an Italian citizen.
France
France, which is known today as one of the most dreamy countries in the world, has many applicants for residence in this country by creating numerous job opportunities, high-level educational institutions and improving tourism infrastructure along with its dynamic economy. One of the fastest ways to obtain residence in France is residence through financial means. A person who intends to obtain residence in France in this way must prove to the government of this country that he has a net income of at least 40,000 euros per year in order to be issued a residence permit in France. If the applicant intends to accompany his wife, his annual income must increase by at least 20,000 euros, and for children under 18 years of age, we must also add another 10,000 euros to this amount.
Canada
But let’s go to Canada, one of the most popular destinations for all people in the world. Canada is a country located in North America that has paid a lot of attention to accepting immigrant investors in recent years. According to the official website of the Canadian government, people who intend to obtain Canadian residency through financial means must prove that they have a financial source of 2500 Canadian dollars for the first 3 months of living in this country. Of course, this figure is slightly different for Iranians, and Iranians applying for residency in Canada must have at least 10,000 Canadian dollars in financial resources for the first three months of living in this country. Of course, this amount will be 16,135 Canadian dollars for a two-person family, 19,836 Canadian dollars for a 3-person family, and 24,083 Canadian dollars for a 4-person family.
Note that in this way, you need to be accompanied by an expert in the field of immigration affairs, so you can count on our help.
Thank you for joining us in this article. As you have seen, in this article, we have completely introduced and reviewed the certificate of financial ability and the best countries for immigration through financial ability. We knew that providing this certificate can be a safe, secure and fast shortcut to obtain residence in the country in question. Note that before applying for residency through financial means, you must thoroughly research the conditions and laws of the destination country. Also, you need to make sure that you can afford the cost of living in that country. Nobility Immigration Institute is ready to cooperate with you dear ones, with expertise in the field of consulting for Greek residency through financial empowerment and investment in property purchase. You can contact us for more information and free consultation.