Net Worth Certificate is also commonly known as Asset Report, Net Worth Report, or Wealth Report. This is documentation regarding the assets and liabilities of an individual. It basically entails information about the number of properties and other kinds of assets a person has under his/her name. Or you can also say that the Net Worth CA Certificate represents the net value of an individual or a company. They are prepared by Chartered Accountants i.e. CAs by the seal and signature of the said CA with UDIN (Unique Documentation Identification Number).
There are many uses of a Net Worth Certificate. The most important uses are VISA applications, Bank Loan Applications, Franchisee Applications, Insurance, Agency, etc. Here we are going to discuss how to prepare a Net Worth CA Certificate for VISA.
Steps To Prepare Net Worth CA Certificate for VISA:
Contact a CA Consulting Firm:
The first thing that you must do for obtaining your CA Certificate for VISA is to contact a CA Consulting Firm. Find the one that provides this facility along with various others. In this way, you will be able to get your documentation prepared as well as you can also handle other financial tasks that you might need. You can check out the various CA Consulting Firms present online through the reviews, reputation, and their online presence.
Submit all your required documentation:
The Chartered Accountant through whom you would be preparing your CA Certificate for VISA would ask you to submit some of the important documentation. These documents would be connected to the number of assets and liabilities you have under your name. They are important as through these documents, the CA would be able to completely grasp the information that is to be included in your CA Certificate for VISA.
Choose The Net Worth CA Certificate For VISA Format:
Many of the CA Consulting Firms have a variety of VISA Format available for the clients to choose from. Like:
For CAD & INR, a Double Currency Format is advised,
For Husband & Wife, a Joint Family Member Format is advised,
For students, sponsored by parents, a Student VISA Net Worth Format is advised.
As per the condition for the need of your CA Certificate for VISA you can choose any one of these VISA Format and get your certificate prepared.
Draft Preparation:
After selection of your VISA Format, the CA gets all your documents checked and prepares a draft Certificate for you. Then, you can check the contents of the Draft copy of the CA Certificate for VISA and look for any kind of corrections or changes you wish to get done. This step will help you save time from the repreparation of the certificate, in case there is any mistake in it. So, go to the CA Consulting Firm that provides this facility to its clients.
After going through everything, your original CA Certificate for VISA is prepared by the CA Consulting Firm, which you can use for the VISA application.
No comments:
Post a Comment