TAXAJ

Net Worth Certificate of Individual & Company

Net worth of an individual or an Enterprise is the total assets of the individual or Enterprise less total liabilities. Net worth thus gives a good indication of the total financial worth of a person at a point in time. Positive net worth that is growing year on year shows good financial health; conversely, a negative net worth or net worth decreasing year on year shows poor financial health. Net worth is used as an indicator of financial health in various processes.


Net worth certificate is a document that is compiled and certified usually by a Chartered Accountant taking into consideration all the assets and liabilities of the individual or Enterprise. Net worth Certificate maybe required as a part of an application for the decision maker to gauge the financial health of the applicant. Net worth certificate from a Chartered Accountant is commonly required as a part of visa application, bank loan application, franchisee application and more.

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About This Plan

Get the Net Worth Certificate for Visa, Loan, Franchisee or any other purposes delivered in no time!

Created by potrace 1.15, written by Peter Selinger 2001-2017

Timeline

It usually takes 1 to 2 working days.

Starts @ INR 5,000/-
Services Covered
Who Should Buy
How It's Done
Documents Required
Services Covered

  • Certifications & Attestations of documents.
Who Should Buy
  • Any Individual or Business planning to apply for Bank Loan, Visa, Franchisee, etc
How It's Done

    • Purchase of plan
    • Upload documents
    • Verification of documents
    • Attesting & Certifying
Documents Required
  • Documents along with supporting that needs to be attested or certified.

All you need to know about Net Worth Certificate from a Chartered Accountant!

Reasons For Obtaining Net Worth Certificate

Visa Application

During a visa application process, net worth certificates are requested to determine the financial net worth of the visa applicant.

Bank Loan Application

During a bank loan application process, net worth certificates are requested to determine the financial worth of the loan applicant.

Franchisee Application

During a franchisee application process, net worth certificates are requested by the franchisor to determine the financial net worth of the franchisee.

What are the checklist conditions of the networth certificate for visa applications?

  • Networth certificate for visa applications helps determine the financial health of applicants.
  • On the basis of networth certificate issuance of visa is determined.
  • Similarly, a franchisee application also requires a networth certificate for determining the economic capability of the applicant, to conduct business.

How to acquire a networth certificate?

  • Pre-consultation with experts helps set us in the right direction to acquiring a networth certificate.
  • Approach a Chartered Accountant (CA) or get help from a similar online service provider.
  • After engaging with a CA, submit all documents, records, assets, and liabilities required.
  • After determining the total net worth calculation, from the information provided, a chartered accountant will prepare a networth certificate and certify it.

What are the documents required for preparing a networth certificate?

  • Fixed assets.
  • Pledged securities.
  • Intangible assets.
  • Bank balance.
  • Investments in shares/ mutual funds.
  • Capital involved in Business.
  • Vehicles, etc.