I’m applying for super visa for my parents back home. I have following questions:
1. Is there any recommended proof of funds minimum cash balance they have to show back home. They’re planning to show approx $10000 on top of other immovable assets
2. Since my dad don’t usually likes to keep funds lying in savings accounts but have them in business bank account. If they move cash from business account to personal account to show sufficient cash will that be ok if we can provide a letter of explanation
I’m applying for super visa for my parents back home. I have following questions:
1. Is there any recommended proof of funds minimum cash balance they have to show back home. They’re planning to show approx $10000 on top of other immovable assets
2. Since my dad don’t usually likes to keep funds lying in savings accounts but have them in business bank account. If they move cash from business account to personal account to show sufficient cash will that be ok if we can provide a letter of explanation
Your funds are key. So if you meet LICO for the number of people in your family then they show what personal funds they have. Business funds don’t count. If move into personal, bank balance should remain for about 4 months.
If we are moving now from business account can we just do a fixed deposit(GIC) instead of leaving it for 4 months or we should leave the balance and apply for Visa only 4 months
Your funds are key. So if you meet LICO for the number of people in your family then they show what personal funds they have. Business funds don’t count. If move into personal, bank balance should remain for about 4 months.
Follow up question - “Your funds are key” if I’m meeting LICO and showing my funds here matters lot. Does that mean parents don’t have to have substantial balance in their account back home
Follow up question - “Your funds are key” if I’m meeting LICO and showing my funds here matters lot. Does that mean parents don’t have to have substantial balance in their account back home
