Overview of financial requirements

Sufficient financial means

The applications for an MVV, VVR and TWV all require the foreign employee to demonstrate that he/she has sufficient financial means. These financial means must come from a salary or grant/scholarship. For unemployed staff it is possible to use savings to satisfy this requirement. As amounts are indexed twice per year, the EUR advises to observe a slightly higher amount than the VisaGuide does in order to avoid problems, i.e.

 

  • A scientific researcher falling under EC directive 2016/801: €1271 gross monthly (incl. holiday allowance) for singles/single parent; € 1815 for living with a partner;

  • € 4,612 gross monthly for highly skilled migrants older than 30 (excl. holiday allowance);

  • € 3,381 gross monthly for highly skilled migrants younger than 30 (excl. holiday allowance);

  • € 2,423 gross monthly for highly skilled migrants after a search year or an orientation year for highly educated migrants seeking employment.

(Amounts are applicable in the period of July-December 2020.)

Requirements of proof of financial means documents as laid down by the IND for research staff not on payroll.

Scholarship/fellowship/allowance

  • The letter should mention your personal information (full name and address), the monthly amount in EURO or USD and the validity of the scholarship. In case the amount cannot be shown in EURO or USD, you can use a currency converter (print screen showing the currencies and current date);
  • It needs to be an official letter: on letterhead, signed and stamped by the organization;
  • Translated by a sworn translator into Dutch, English, French or German.

Self-financing your stay

  • Your bank account needs to carry your name;
  • In case you want to use your Dutch bank account, you can provide us with a print screen. The print screen should show your full name, address, balance and current date;
  • In case you want to use your foreign bank account, an official bank statement is needed in EURO or USD which is not older than 3 months, and needs to be an official statement on letterhead (print screen cannot be accepted, signature and/or stamp is not needed). In case the amount cannot be shown in EURO or USD, you can use a currency converter (hyperlink, print screen showing the currencies and current date);
  • When you use a savings account, provide proof that you can access the money at will, for example by showing a transaction from the savings account;
  • Translated by a sworn translator into Dutch, English, French or German.

Sponsor

  • A recent bank statement (not older than three months) proving that the sponsor has enough funds to transfer the amount in the period mentioned. For the requirements for a bank statement, please see above
    OR

    an employment contract, showing the full name of the sponsor, validity of the contract and salary per month in EURO or USD. In case the amount cannot be shown in EURO or USD, you can use a currency converter (print screen showing the currencies and current date);
  • A copy of your sponsors passport;
  • IND statement;
  • Translated by a sworn translator into Dutch, English, French or German.

Yearly additional income checks

At the start of the application you need to proof you have sufficient income for the total duration your residence permit will be applied for. Furthermore, for those without an employment contract with the EUR as main source of income, you will need to proof each year that you still possess sufficient means of income for the next 12 months. We will ask you to provide this proof in spring. (In 2020 due to Corona this process has been delayed into summer)