CA Report format for Visa - Double Currency Format
The CA Report format for Visa generally prepared and presented in double currency format. Double Currency CA Net Worth Certificate (Report) format includes one currency as home country currency ie. Indian Rupee (INR) and Second Currency of Country in which visa application is proposed eg. For Cadana – CAD, United States – USD, Australia – AUD, United Kingdome GBP, European Countries Euro, New Zealand – NZD etc. Thus, CA Certified Net Worth Statement for Visa prepared in Home Currency and Foreign Currency Using Currency Conversion Rate as per Specific Reporting Date.
Key Highlights of CA Report Format for Visa (Double Currency)
- Purpose: Visa and Immigration Process, Investment in Foreign Countries etc
- Currency: Home Currency (INR) Vs Foreign Currency (USD/CAD/GBP/AUD/EURO Etc)
- Currency Conversion Rate: Reporting Date Forex Changing Rate as Per RBI Rules
- Certified: CA Certified. Signed & Seal with UDIN
Here you can explore Format, Sample, Purpose, Benefits, Elements etc for CA Report in Double Currency.
- Visa Purpose
- Doble Currency (₹-$)
- Fees: 3000/-
- Get in 3 Hours
Require CA Net Worth Report in Double Currency?
Format of CA Net Worth Report in Double Currency for Visa Purpose | Sample
Usage of CA Report Double Currency Format
Double Currency (Indian Rupee and Relevant Country Currency) Format is very useful for those who wants to use such CA Report or Certificate in Foreign Submission eg. Visa, Investment in Foreign etc. Followings are extended list of usage
- Visa and Immigration Purpose (Student Visa, Visitor Visa, Business Visa, PR etc)
- Submission of application in Foreign University or Study Centre or Institution
- Investment in Foreign (Person who wants to invest in foreign country and Net Worth Statement required to submit)
- Submission of Business Proposal (RFP) in Foreign Countries
Benefit of Using Double Currency (Foreign Currency) in CA Report Format
Generally, Foreign Consulate, Officer, University, Foreign Institution, Bank, and Organization are not familiar with the denominator for all countries. It is more easy for them to understand actual value of any asset/balance in their countries currency compare to countries in which they are serving as embassy officer. As Value depend on conversion rate it is difficult for human being to convert any value while checking document. Thus, Double Currency Reporting helps embassy officer or foreign stake holder in easy recognition of value. Key Benefits summary of CA Report in Double Currency format are as follows
- Easy Understanding of Actual Value for Embassy and University
- Recognized Format by Foreign Submissions
- Considered as proof of funds
- User can easily make decision
- More Clarity on Minimum Requirement Rules
- Foreign Stake Holder/Reader time saving
Key Features of Net Worth Certificate Format for Visa
Followings are Key Elements of Chartered Accountant Prepared Report with Double Currency.
- Assets/Wealth Reported in Two Currency (with Conversion Rate)
- Assets of Family/Sponsors/Spouse can be considered
- Purpose Mentioned as per Visa
- Country of Visa Mentioned
- Report Certified by CA Signed & Office Seal
- UDIN Generated for Online Verification by Embassy
Which Foreign Currency Can be Used in format of CA Report for Visa
In This Report format, Chartered Accountant use one currency (Base Currency) as Indian Rupee and Other Currency as per Embassy Country in which Visa and Immigration required to submit or University Country or Where Report is required to submit for usage. Thus, Report can be prepared in any countries currency using RBI reference Rate of Conversion. Following are frequent countries and currency in which we are serving our report for visa purposes.
- United States - US Dollar (USD) ($)
- Canada - Canadian Dollar (CAD) (C$)
- Australia - Australian Dollar (AUD) (A$)
- United Kingdom - British Pound (GBP) (£)
- New Zealand - NZ Dollar (NZD)
- European Country (Germany, France, Italy) - Euro (€)
- Japan - Japanese Yen - JPY (¥)
- Russia - Russian Ruble - RUB - ₽
- Dubai (UAE) - UAE Dirham - AED - د.إ
- Singapore - Singapore Dollar - SGD (S$)
- Arabians (Saudi Arabia) - Saudi Riyal - SAR - ﷼
- Foreign Currency - Foreign Currency - (FC)
What are the Content of CA Report for Visa | Double Currency Format
Chartered Accountant Report for Visa Using Double Currency Format will have following segment/content.
- Title of Certificate
- Addressing (Receiver)
- Details of Person/Family/Sponsor
- Summary of Total Net Worth in INR as well as in Foreign Currency
- Usage/Purpose of Certificate Issuance
- Certain Specific Paragraph as per requirement
- Details of Movable, Liquid, Property in Proper Schedule With INR and FC (Foreign Currency)
- Currency Conversion Rate (Eg. 1 USD = INR 86.05)
- Issuer (CA) Details like Name, ICAI Membership Numbers, Date and Place
- Seal, Signature and UDIN (Unique Identification Number)
Fees for CA Report for Visa (Double Currency) - Rs. 3000/-
Our Charges for Double Currency Format With CA Certification of Net Worth Report is Rs. 3000/- all Inclusive.
FAQ's on Format of CA Net Worth Certificate for Visa Usage
How Conversion of Value Done? Which Rate Taken into Consideration?
Net Worth Certificate Value in Foreign Currency Converted using latest reference rate of Reserve bank of India (RBI) as on Reporting date. Further, for Better transparency and reliability we often use live currency conversion rate available in Google Currency Rate (Quote) Result.
Can You Customize Double Currency CA Report as per my Requirement?
Yes, We can further customize double currency format as per your requirement. If any Modification which requires to serve the basic purpose of CA report, we are committed to modify for you. However, all such customization and modification should align with rules recommended by regulator/ICAI.