| Frequently Asked Questions |
Your Immigration Questions Answered by VisaPro.
Here, you will find detailed answers to many of most common immigration questions. |
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| 37. | What evidence of assets is required? |
| | | | | Evidence establishing ownership and the value and location of assets is needed. Additionally, information on any liens and liabilities relating to these
assets must be provided. For bank accounts, bank statements for the most recent 12 months, or a letter from the bank stating the date the account was opened, a history of deposits and withdrawals for the past year, and the current balance are needed. |
| 38. | Can the immigrant visa applicant count assets that he or she owns that are outside the U.S., such as real estate or personal property? |
| | | | | Yes, under these conditions: |
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The assets must be readily convertible to cash within 12 months | |
| • | The applicant must show that he or she can take the money or assets out of the country where they are located. Many countries have strict regulations which limit the amount of cash or liquid assets that can be taken out of the country |
| | • | The assets equal at least five times the
difference between the sponsor's income and 125 per cent of the poverty line for the household size |
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| 39. |
Can free housing be counted as income? | | | | | | Yes,
sponsors who receive housing and other benefits in place of salary may count those benefits as income. The sponsor may count income that is not subject to taxation (such as housing allowance), as well as taxable income. The sponsor would have to prove the nature and amount of any income that is not included as wages or salary or other taxable income. Evidence of such income can be shown through notations on the W-2 Form (such as Box 13 for military allowances),
Form 1099 or other documents that show the claimed income. |
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| On this topic Affidavit of Support |
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