Net worth certificate | visa | chartered accountant

Hey buddy, are you looking for a Net Worth Certificate for Visa from a Chartered Accountant, we must say, you’re great at research, you’ve landed at the right place. Like you, there are so many people looking for a CA certificate, and a Net Worth Certificate for various reasons like VISA application, Bank Loan application, Franchise application, and most of the people come up with similar queries. Hence, we thought to put together this article to clarify all your queries starting from an overview of Net Worth Certificate, Requirements for the Certificate, why you need the net-worth certificate for VISA, How to get the certificate from a Chartered Accountant. We’re sure it would be worth reading a 2-minute article than missing out on any crucial information. Good choice, so, here you go:

HEY WAITT! just one more second, we don’t want to force you either to read entire article, just in case you already know all about the Certificate, and just looking for a Chartered Accountant’s Certificate. You can directly reach out to us on Whatsapp

Whatsapp Call NowWhat is Net Worth?

The net worth of an individual or companyis the total assets of the individual or company minus the total liabilities, so net worth is a good indicator of a person’s total financial value at any given point in time. A positive net worth that is growing year on year shows good financial health whereas a negative net worth or year-on-year declining net worth indicates poor financial conditions. Net Worth is used as an indicator of financial health in various processes.

What is the Certificate?

A certificate is a document usually drafted and certified by a Chartered Accountant, taking into account all the assets and liabilities of an individual or a company. The main role of a Certificate lies around gauging the financialhealth of the applicant by the decision-maker. A Chartered Accountant’s certification is usually required as part of visa applications, bank loans, franchise applications, etc.

Why do you need a Net Worth Certificate?

1. Visa Application

A net Worth Certificate authorized by a Chartered Accountant is a mandatory requirement during a visa application process to determine the financial net worth of the visa applicant.

2. Bank Loans

A net Worth Certificate authorized by a Chartered Accountant is sometimes a requirement during a bank loan application process to determine the financial net worth of the loan applicant.

3. Franchisee Application

The certificate authorized by a Chartered Accountant is sometimes a requirement during franchisee agreements where the franchisor is interested to evaluate the net worth of the franchisee

How to get a Certificate?

1. Connecting with a Chartered Accountant

We at CA In Delhi, help you connect with a Chartered Accountant who would be best suited for Net Worth Certificates

2. Review Phase

Chartered Accountant reviews your assets and liabilities through a set of documents required for the certificate, and complies with a net worth calculation. In the case of properties, you might also need to get the help of property valuers, CAs generally have property valuers in their network, and can further help you connecting with property valuers

3. CA Certification

Once all the documents have been reviewed by Chartered Accountant, and Net Worth is communicated to you, a CA will prepare the certification (by generating UDIN), and will certify the same. That’s it!

What are the Documents Required for the Certificate

• Proof of Fixed assets.
• Pledged securities.
• Intangible assets with proof.
• Bank Statement to ascertain bank balance.
• Investments in shares/ mutual funds.
• Capital involved in Business.
• Vehicles, etc.

Get your the Certificate Whatsapp Call NowFrequently Asked Questions

Who can authorize the Certificate?

A Chartered Accountant can help you certify your Net Worth

Is the Certificate mandatory for all?

No, it differs based on the situation and entity, and purpose.

For further details visit the Net worth Certificate