Schengen visa: why bank statements if the company is sponsoring my visa?

2/14/2018 8:30:29 AM

If you are explicitly having your company as your sponsor, you can relax and go ahead with providing your bank statement for your application as well as for anybody whom you are planning to sponsor. Your bank statement’s “money value” will be considered only for the visa application(s), for whom YOU are the sponsor.
It has worked for me.

2/6/2018 6:33:10 AM

As I understand it, the company is sponsoring you and not your spouse. I don’t think you can sponsor your wife, if you haven’t started working with this company yet – Unless you have sufficient funds in your bank account for both of you and the bank statement and other documents demonstrate that your spouse has ties to her home country. This is how I think the Belgian authorities would look at your case.

2/5/2018 2:29:23 PM

The visa application process is just not optimized for saving you time and effort. For some applications the bank statement is important (such as when self-funding the trip), so they always ask for it.

2/5/2018 5:41:19 AM

The bank statement shows that:

  1. Your economic situation correlates with what you have submitted as your details.

  2. That the trip is not a financial burden on you.

  3. The company may not be covering the costs of the entire trip for you, or may only be covering them partially. For example, when I travel on company business the flights are covered by the company, but hotel expenses are not (they are reimbursed later). So I have to show sufficient funds for the trip even though a large majority of it is being paid for.

    My brother was recently hired by a company in the Netherlands. This company paid for his ticket, plus 3 months of hotel stay, plus a daily stipend (while they finished his paperwork and got him a permanent apartment); and my brother still had to show a bank statement as part of the visa procedure.

In summary, the bank statement is more than just how much money you have in the bank.

2/5/2018 5:39:33 PM

There is no explanation in the official Visa Code I could find. But bank statements have other usefulness besides the usual “ensure the applicant has enough resources to support yourself during the trip” which is not applicable in your case. For example the consulate could use them to ensure:

  • That you have legitimate means to support yourself right now, i.e. receive legal income from work and spend it (i.e. your income is not all cash-based which could be linked to tax evasion and even possible criminal activities) – this helps ensuring that you’d do the same while in Belgium;

  • That you have meaningful connection to your local economy – and thus is likely to return back once your work permit is finished/canceled, instead of staying underground in Belgium;

  • That there are no obvious red flags which would require further questioning, such as your balance shows you have been in debt for a long period of time.

Credit:stackoverflow.com‘

About me

Hello,My name is Aparna Patel,I’m a Travel Blogger and Photographer who travel the world full-time with my hubby.I like to share my travel experience.

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