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Declaration Of Financial Support

Declaration Of Financial Support Template for Austria

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Key Requirements PROMPT example:

Declaration Of Financial Support

"I need a Declaration of Financial Support for my nephew who will be studying at the University of Vienna from January 2025 to December 2025, where I'll guarantee monthly support of €1,200 plus healthcare coverage and emergency expenses."

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Document background
The Declaration of Financial Support (Verpflichtungserklärung) is a crucial document in Austrian immigration and residence law, commonly required for visa applications, student admissions, and family reunification processes. This declaration serves as a formal guarantee where a sponsor commits to covering the living expenses, healthcare costs, and potential return travel expenses of a beneficiary during their stay in Austria. The document must comply with Austrian federal regulations, particularly the Settlement and Residence Act (NAG), and typically requires notarization. It includes detailed information about both the sponsor and beneficiary, proof of the sponsor's financial capacity, and specific terms of support. Immigration authorities use this document to ensure that foreign nationals will have adequate financial support during their stay in Austria, thereby preventing potential burden on the public welfare system.
Suggested Sections

1. Declaration Header: Official title of the document, date, and place of execution

2. Declarant Information: Complete details of the person making the financial commitment, including full name, date of birth, nationality, current address, and identification details

3. Beneficiary Information: Complete details of the person being supported, including full name, date of birth, nationality, and current address

4. Scope of Support: Detailed description of the financial support being promised, including specific amounts and duration of support

5. Financial Capacity Statement: Declaration of the sponsor's financial capacity to provide the promised support, including current income and assets

6. Legal Obligations: Statement of understanding of legal obligations and consequences of the declaration

7. Duration: Specific timeframe for which the financial support is being guaranteed

8. Signature Block: Space for official signatures, witness signatures if required, and notarization details

Optional Sections

1. Emergency Contact Information: Additional contact details for both parties, used when the declaration is for long-term support arrangements

2. Purpose of Support: Specific reason for the financial support (e.g., study purposes, family reunification), included when relevant for visa applications

3. Termination Conditions: Conditions under which the support obligation may be terminated, included for longer-term arrangements

4. Insurance Coverage: Details of health insurance or other insurance coverage being provided, required for certain visa types

5. Third-Party Guarantor: Information about additional guarantors if applicable, used when primary sponsor needs backing

Suggested Schedules

1. Income Proof: Documentation of sponsor's income (pay slips, tax returns, etc.)

2. Asset Documentation: Proof of sponsor's assets (bank statements, property ownership documents)

3. Employment Verification: Current employment contract or business ownership documentation

4. Identification Documents: Copies of identification documents for both parties

5. Residence Permit/Visa Documents: Relevant immigration documents of the beneficiary if applicable

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Immigration

Legal Services

Education

Financial Services

Public Administration

Notarial Services

Higher Education

Banking

Insurance

International Relations

Relevant Teams

Legal

Immigration

International Student Services

Compliance

Administrative Services

Document Processing

Global Mobility

International Relations

Student Affairs

Risk Management

Relevant Roles

Immigration Lawyer

Legal Counsel

Visa Officer

International Student Advisor

Compliance Officer

Immigration Consultant

Legal Administrator

Notary Public

Embassy Consul

University Admissions Officer

Financial Advisor

HR Immigration Specialist

International Relations Manager

Legal Document Specialist

Industries
Niederlassungs- und Aufenthaltsgesetz (NAG): Austrian Settlement and Residence Act - Defines the legal framework for residence permits and related declarations of financial support, including specific requirements for sponsors
Allgemeines Bürgerliches Gesetzbuch (ABGB): Austrian Civil Code - Governs the general principles of contract law, legal capacity, and financial obligations between parties
Fremdenpolizeigesetz 2005: Aliens Police Act - Contains provisions regarding entry requirements and financial guarantees for foreign nationals
Gebührengesetz 1957: Fees Act - Specifies the administrative fees applicable for official declarations and certifications
Allgemeines Verwaltungsverfahrensgesetz (AVG): General Administrative Procedure Act - Outlines the procedural requirements for administrative matters, including the submission of official declarations
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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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