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Financial Affidavit For International Students for Singapore

Financial Affidavit For International Students Template for Singapore

A Financial Affidavit for International Students is a legally binding document required by Singapore authorities that demonstrates an international student's financial capability to support their studies and stay in Singapore. This document, governed by Singapore law and immigration regulations, provides detailed evidence of financial resources, including bank statements, sponsorship details, and declarations of funding sources. It serves as a crucial component of the student visa application process and must comply with requirements set by the Immigration & Checkpoints Authority (ICA) and the Ministry of Education (MOE).

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Financial Affidavit For International Students

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What is a Financial Affidavit For International Students?

The Financial Affidavit For International Students is a mandatory document for international students seeking to study in Singapore. It was developed to ensure that incoming students have sufficient financial means to support their education and living expenses without facing financial hardship during their stay. This document is required by Singapore immigration authorities and educational institutions as part of the student visa application process. It includes comprehensive financial information, proof of funding sources, and declarations of financial responsibility. The affidavit must comply with Singapore's Immigration Act and related regulations, serving as a key tool for authorities to assess the financial viability of prospective international students.

What sections should be included in a Financial Affidavit For International Students?

1. Personal Information: Student's full legal name, passport details, nationality, and current address

2. Educational Institution Details: Name and address of the Singapore institution, course details, and duration of study

3. Financial Declaration: Statement of financial capacity, including bank balances and sources of funding

4. Expense Breakdown: Detailed listing of tuition fees, living expenses, and other costs

5. Source of Funds: Declaration of how educational and living expenses will be funded

6. Verification Statement: Declaration of truth and accuracy of provided information

What sections are optional to include in a Financial Affidavit For International Students?

1. Sponsor Information: Details of financial sponsor including their personal information, relationship to student, and financial capacity

2. Scholarship Details: Information about any scholarships or grants received, including amount and duration

3. Employment History: Details of current or previous employment including income information if applicable

What schedules should be included in a Financial Affidavit For International Students?

1. Schedule A - Bank Statements: Recent bank statements showing sufficient funds for the duration of study

2. Schedule B - Proof of Income: Income tax returns, salary statements, or other income proof documents

3. Schedule C - Sponsor's Financial Documents: Financial documents of sponsor including bank statements and proof of income

4. Schedule D - Scholarship Award Letters: Official documentation of any scholarships or grants awarded

5. Schedule E - Course Fee Schedule: Detailed breakdown of course fees and payment schedule from educational institution

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions


























Clauses
























Industries

Immigration Act (Chapter 133): Primary legislation governing immigration matters in Singapore, including student visa requirements and entry regulations

Immigration Regulations: Detailed rules and procedures for immigration control, including specific requirements for international students

Immigration (Prohibition of Entry) Order: Specific regulations regarding entry restrictions and conditions for foreign nationals

Education Act (Chapter 87): Framework law governing education in Singapore, including provisions relevant to international students

Private Education Act: Legislation specifically governing private education institutions and their obligations towards international students

Private Education Regulations: Detailed requirements for private education institutions, including financial and administrative obligations

MAS Regulations: Monetary Authority of Singapore regulations governing financial transactions and banking requirements for international students

Currency and Banking Statistics Act: Legislation governing currency transactions and banking statistics relevant to international fund transfers

AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements for international financial transactions

Student's Pass Regulations: Immigration & Checkpoints Authority (ICA) specific requirements for student pass applications and maintenance

MOE Requirements: Ministry of Education guidelines and requirements for international students

CPE Guidelines: Committee for Private Education guidelines specific to international student administration

Stamp Duties Act: Requirements for document notarization and stamp duty payments where applicable

Evidence Act: Laws governing the admissibility and requirements for documentary evidence

Personal Data Protection Act 2012: Regulations governing the collection, use, and disclosure of personal data in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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