Financial requirements for a guarantor
To a visum In order to be granted a short stay, the foreign guest must be able to demonstrate that he or she can financially afford the travel and stay in the Netherlands. For the Netherlands, the requirement is that the visa applicant can demonstrate that he or she has access to €55 per day.
If the visa applicant himself does not have sufficient means, a guarantor (the inviting party) must stand surety. The income of this person, the sponsor, is then looked at.
The income requirements for guarantees are:
- You earn an independent income: this is an income on which you pay taxes and premiums.
- Your income is sustainable: this means that you receive your income long enough.
- You have sufficient income: this means that your income is high enough.
What is an independent income?
An independent income is an income that you earn yourself. Or a benefit for which you previously paid premiums.
- Income from paid employment: Income from work as an employee is independent if your employer deducts taxes and social security contributions from your salary.
- Income from own business: Do you work as an independent entrepreneur or freelancer? Then your income is independent if you pay tax on the profit from your business.
- Income from a benefit: A benefit is only independent income if you have paid taxes and social security contributions on it. This applies in any case to the following benefits:
- unemployment benefits;
- sickness benefit;
- disability benefit;
- AOW benefit.
Benefits paid from general funds are not independent income. This applies, for example, to a social security benefit, benefit under the Participation Act or a Wajong benefit.
- Income from equity: Income from equity is for example:
- dividends on stocks or bonds;
- interest on savings;
- profit on investments.
The equity itself is not income, only the income you receive from the equity. The source of equity should not be affected. This means that your equity, for example your savings, does not decrease. This income is independent if you have paid tax on it.
Schengen Visitor Insurance OOM
Do you need travel insurance for a visa application? The Schengen Visitor insurance from OOM Verzekeringen is the best choice! This Dutch insurer from Rijswijk specializes in Schengen insurance.
The Schengen Visitor insurance offers visa guarantee (if the visa is refused, you get the premium back) and extensive coverage up to €500.000. With a low premium starting at €1,60 per day, it is a reliable and affordable choice. You can take out the insurance online immediately, and you will receive the policy within an hour.
✔ More than meets all requirements for a Schengen visa application.
✔ Affordable and good: From €1,60 per person per day.
✔ The policy by email (iDEAL, credit card or PayPal) within 1 hour.
✔ Also for people over 70 years old
✔ Coverage for medical costs up to €500.000
✔ VISA GUARANTEE: If your Schengen visa is rejected, you will receive the premium back.
✔ Liability coverage can optionally be included in the insurance.
The Schengen Visitor insurance is the best choice for the successful application for a Schengen visa!
Would you prefer to receive the policy in English? Click here: Calculate premium and finalize.
More information about OOM's Schengen insurance:
- Coverage overview Schengen Visitor Insurance
- Policy conditions Schengen Visitor Insurance
- Schengen Visitor Insurance Insurance Card
What is sustainable income?
Your income is sustainable if you continue to receive the income for at least 12 months. Count from the day the short-stay visa is applied for. Or the day the person enters the Netherlands.
What is sufficient income?
It's called the amount you have to earn standard amount. The standard amount is equal to the statutory minimum wage. The minimum wage and the standard amount change every 6 months, on January 1 and July 1. Standard amounts valid from June 30 to December 31, 2023:
| Gross sv wages per month without holiday pay | € 1.995,- |
| Gross sv wages per month with holiday pay | € 2.154,60 |
Financial protection for guarantor
It is important for the guarantor that the foreign guest is properly insured against medical expenses and repatriation (necessary return to the country of origin), otherwise you will have to pay for the costs. After all, you are financially responsible. Such insurance is also mandatory when applying for a visa for the Netherlands. You can take out this so-called medical travel insurance quickly and cheaply on this website.
The medical insurance can be taken out by an interested party in the Netherlands. The interested party can be a sponsor (guarantor/accommodation provider), but also a friend, family or partner of the foreign guest. In that case, the interested party is also the policyholder (premium payer) and the visa applicant (foreign guest) is the insured.
Tip: If you take out medical travel insurance for a Schengen visa, always make sure that you are the policyholder (premium payer) and the person for whom you are guarantor is the insured. That is wiser because then you know for sure that the premium has been paid and the insurance is actually valid. In addition, in the event of a claim payment, the money is transferred to the account of the policyholder. The guarantor then retains full control over the finances.
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