Applying for a Schengen visa requires careful preparation, and one of the most important supporting documents for Bangladeshi applicants is the asset valuation certificate. This document, prepared by a licensed Chartered Accountant (CA), helps embassies verify whether an applicant or their sponsor has the financial strength to cover expenses and return home after the visit.
This article explains in detail what an asset valuation report is, why it is needed for a Schengen visa, how to prepare it, and the common mistakes to avoid.
Why do Schengen Embassies Require Asset Valuation?
The 26 Schengen countries, including Germany, France, Italy, Spain and others, carefully evaluate Bangladeshi applications to ensure applicants have genuine reasons to return after their trip. Asset valuation is one of the most reliable ways to demonstrate financial stability.
By submitting a proper valuation report, you prove that you have sufficient funds to cover your travel, accommodation, and living expenses, and that you have ties to Bangladesh such as property, income, or family. This reduces the chance of refusal and increases the likelihood of visa approval.
What Is an Asset Valuation Report?
An asset valuation report is a certified financial statement prepared by a practicing Chartered Accountant (CA) who is a member of the Institute of Chartered Accountants of Bangladesh (ICAB). The report lists the applicant’s or sponsor’s assets, assigns values to them based on market conditions, and includes evidence such as legal and financial documents.
Unlike business valuation, which focuses on corporate accounts, a Schengen visa valuation focuses on personal and family assets. Sole proprietorship assets may be included as they belong to the individual applicant.
Who Needs Asset Valuation for Schengen Visa?
Tourists: Applicants for tourist visas must prove they can finance their trip and return home.
Students: Students applying for higher studies in Europe often rely on their parents or sponsors. The valuation report shows that the sponsor is capable of bearing tuition fees, living expenses, and travel costs.
Business visitors: Business visa applicants benefit from valuation reports as they establish credibility and financial solvency.
Family or dependent applicants: For family visits or dependent visas, valuation reports show the financial position of the applicant or sponsor.
Important Advisory
It is important to note that embassies and universities often verify valuation reports directly with the chartered accountancy (CA) firms that issue them. To avoid the risks of fake or invalid reports, applicants should always work with licensed CA firms listed under the Institute of Chartered Accountants of Bangladesh (ICAB), rather than through unverified intermediaries or agencies. There were some instances in the past where some education consultancy agencies issued fake CA Asset valuation certificates to cut cots.
We connect applicants with licensed CA firms that deliver authentic and affordable asset valuation services. Share your documents and obtain a verified certificate you can rely on with full confidence. For assistance, email assetvaluationbd@gmail.com or Whatsapp/call at 01754257226.
What Assets Are Included?
A typical report includes the following categories of assets:
- Real estate such as land, flats, or houses supported by deeds and mutation records
- Bank balances and deposits with six months’ statements
- Investments including FDRs, bonds, and shares
- Vehicles with registration documents
- Sole proprietorship business assets supported by licenses and tax records
- Annual income from salary, rent, or business
All items must be supported by valid and verifiable documents.
Documents Required
To prepare a valuation report for Schengen visa applications, the following documents are usually required:
- National ID, TIN, and photographs of the applicant or sponsor
- Land deeds, mutation records, and tax receipts
- Bank statements for the last six months
- FDR or savings certificates
- Share, bond, or investment certificates
- Vehicle registration papers
- Salary certificates or tax return documents
- Business trade license, VAT certificate, and tax returns
Embassy Verification
Schengen embassies often verify asset valuation reports directly with the CA firm. They typically send an email to the firm using the official email address listed in the ICAB Members’ Directory. The CA firm confirms whether the report was issued by them.
If a report is fake, inflated, or unverifiable, the visa application can be rejected and the applicant may face blacklisting. For this reason, it is important to work with a licensed CA firm and avoid education consultancies or unauthorized agents.
Steps to Obtain a Valuation Report
- Contact a practicing CA firm listed in the ICAB directory
- Submit all required documents
- The CA verifies and inspects the assets if necessary
- The report is prepared in the prescribed format
- Collect the certificate in printed or scanned PDF form
If you need assistance, email us at assetvaluationbd@gmail.com or Whatsapp/call at 01754257226. We can connect you directly with reputable CA firms who do such valuation in affordable costs.
Online Asset Valuation
Some CA firms in Bangladesh accept digital submissions of documents, and certain verifications such as bank confirmations or land record checks can be done online. However, full online-only valuation is not accepted by embassies. A CA must verify the documents before signing the report.
Format of the Report
A Schengen visa asset valuation report generally contains:
- Details of the applicant or sponsor
- List of assets with current market values
- Annual income and source of income
- References to supporting documents
- Declaration, seal, and signature of the Chartered Accountant
Common Mistakes to Avoid
- Submitting outdated or incomplete bank statements
- Inflating property values without evidence
- Relying on fake or unverifiable documents
- Using agencies instead of licensed CA firms
These mistakes often lead to rejection.
Cost and Processing Time
The cost of preparing an asset valuation report in Bangladesh generally ranges between 10,000 and 25,000 BDT depending on the complexity of assets. Most CA firms deliver the report within two to four working days once complete documents are submitted.
Conclusion
For Bangladeshi applicants, asset valuation is one of the most critical documents for a Schengen visa application. It reassures embassies that you can afford your travel and living expenses and that you have strong financial ties to Bangladesh.
To avoid rejection, always obtain the report from a licensed CA firm registered with ICAB. A well-prepared, verifiable valuation report can significantly strengthen your application and increase your chances of securing a Schengen visa.