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Salelo
Joined: 27 Oct 2009
Posts: 9
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 Posted: Wed Nov 18, 2009 2:55 am Post subject: Proof of savings necessary for move to another country? |
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I have heard that some or all countries will want you to prove that you have a substantial amount of savings before they will let you enter their country for work purposes. Is this true? If it is, how much money is considered enough?
If this is not, in fact, true, how much would you recommend that I have as a cushion before entering another country to teach? |
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denise
Joined: 23 Apr 2003
Posts: 3419
Location: finally home-ish
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| Posted: Wed Nov 18, 2009 3:35 am Post subject: |
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I've never heard of that--at least for Westerners going to non-Western countries to teach English. (Have heard of it for non-Westerns who want to travel to the West.)
As far as your financial cushion, try to have enough to cover 1) a training course, if necessary; 2) rent and living expenses for two-ish months--this should give you time to find a job, if you're searching for jobs upon arrival, and it should cover you while you wait for your first paycheck, which can take a couple of months (and keep in mind that move-in expenses can include a few months' worth of rent, with security deposits, etc.); 3) a ticket back home, if you don't already have one, and 4) enough left in your savings account so that you're not destitute if/when you return home.
Generally, a few thousand dollars is the minimum--$5,000ish is better.
d |
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Chris_Crossley
Joined: 26 Jun 2004
Posts: 1797
Location: Still in the centre of Furnace City, PRC, after eight years!!!
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| Posted: Wed Nov 18, 2009 7:11 am Post subject: Destitution can be a relative state of affairs! |
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| denise wrote: |
| a ticket back home, if you don't already have one, and enough left in your savings account so that you're not destitute if/when you return home. Generally, a few thousand dollars is the minimum--$5,000ish is better. |
I was basically "destitute" when I went out to China in October '01 in order to escape unemployment and to reduce my credit card and student loan debts. I had no money to get me a ticket back home in case anything went disastrously awry and therefore had to have a strong constitution for when the so-called director of studies during my first ten weeks at what was a brand-new franchised school turned out to be a real psychopath who actually decked the Chinese school manager on his last day and (allegedly) trashed his apartment before leaving the next day.
In October '03, I did return home to the UK only to find myself once again unemployed and bearing the brunt of debt, so I headed back to the PRC for a second time just two months later. I have remained here ever since, yet, thankfully, I managed to pay off my UK-based creditors by Christmas '04. Now I'm doing OK financially!  |
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Glenski
Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN
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| Posted: Wed Nov 18, 2009 8:28 am Post subject: Re: Proof of savings necessary for move to another country? |
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| Salelo wrote: |
| I have heard that some or all countries will want you to prove that you have a substantial amount of savings before they will let you enter their country for work purposes. Is this true? If it is, how much money is considered enough? |
Not all countries. Which ones did you hear this about?
It's not true for Japan certainly.
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| If this is not, in fact, true, how much would you recommend that I have as a cushion before entering another country to teach? |
Regardless of the above reply, have enough for a plane ticket home and to tide you over for a month or two. Depends on a lot of circumstances. |
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Salelo
Joined: 27 Oct 2009
Posts: 9
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| Posted: Thu Nov 19, 2009 12:19 pm Post subject: |
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| Thank you very much, everyone. This is helpful and makes sense. |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Nov 19, 2009 5:21 pm Post subject: |
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| And make sure it's not USD. |
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Justin Trullinger
Joined: 28 Jan 2005
Posts: 3110
Location: Seoul, South Korea and Myanmar for a bit
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| Posted: Thu Nov 19, 2009 5:36 pm Post subject: |
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Bucking the trend here.
A lot of countries have it on the books that to enter, you may be asked to provide proof of funds sufficient to pay for your stay.
DOesn't mean that they will ask, just that they can. I have been asked for proof of funds for a visa to Ecuador recently, and for a visa to the UK many years ago.
Easiest thing is to take a credit card with a good limit.
Best,
Justin |
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spanglish
Joined: 21 May 2009
Posts: 742
Location: working on that
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| Posted: Fri Nov 20, 2009 12:00 am Post subject: |
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| Yep, for a student visa in Colombia I was asked to provide proof of sufficient funds (have no idea how much qualifies as the minimum). For entering the country on a tourist stamp, it's not necessary, nor was it for my work visa. |
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