Dear SamDhaka,SamDhaka said:can somebody pls help in clearing a confusion..SGVO asked for personal net worth statement. can we show the minimum POF as the net worth?
Another question, if the net worth amount is very big but somebody decides not nto take the full amount to canada..can that be an issue?
in short i want to know the significance of this net worth value for getting visa and whether there is any hard n fast rule for that net worth amount..
Pls advise..
Question_01: SGVO asked for personal net worth statement. Can we show the minimum POF as the net worth?
Answer_01: Yes you can. But you must show some property (may be in a portion of your parent's property) if you have. Why it's better to show property? Because, after few years if you sale your property here in BD and brought to Canada, it will be a question, from where you get that big amount of money? If there is no answer, it may create a big problem at that moment.
Question_02: If the net worth amount is very big but somebody decides not to take the full amount to canada. Can that be an issue?
Answer_02: No one said to sale your property at any point of time period. No matter if you don't take a single penny from your declared net worth. But you must carry the amount of POF in the landing period. So, carrying minimum POF is very important.
Question_03: I want to know the significance of this net worth value for getting visa and whether there is any hard n fast rule for that net worth amount.
Answer_03: Well, the importance of net worth for SVO is typical. They want to understand whether, you are economically solvent or not. If solvent, how much solvent you are? It carries a very important role if you want to do business/invest in Canada in future and if you have to bring money from you home country. It will proof from where you get such big amount of money. So, if you do not show the property: the question arises, where do you get that money? Another thing is that, it shows a good rapport if you can maintain a healthy credit transaction over there. Additionally, showing of huge net worth may help you to get big amount of bank loan for any purpose in future (you may want to buy an apartment over there).
Thanks with regards,
ekram787