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Old 26.08.2017, 18:58
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Student Visa Funding question

I am applying for a long-term student Swiss Visa and my relative, being a CEO and owner of one company , agreed to fund my stay in Switzerland, on behalf of this company. The company owns an amount that exceed the 24000 CHF needed for a year of study, but the issue is it stores the money in bank which doesn't have a branch in Switzerland and there is no way to transfer the whole sum at this time . To circumvent this issue I created a bank account in the bank that has a branch in Switzerland and asked to state in a sponsorship letter that this company is obliged to transfer an amount of money in national currency equivalent to 2000 CHF monthly to this bank account I created. Can this funding scheme become a reason for the denial of my Visa application? Also, how much time it takes to process an application for Long-term studying Visa? I know that officially it is 8 weeks, but I would like to know the real terms from people who already got the Visa. Thanks for your replies in advance.
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Old 26.08.2017, 19:06
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Re: Student Visa Funding question

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I am applying for a long-term student Swiss Visa and my relative, being a CEO and owner of one company , agreed to fund my stay in Switzerland, on behalf of this company. The company owns an amount that exceed the 24000 CHF needed for a year of study, but the issue is it stores the money in bank which doesn't have a branch in Switzerland and there is no way to transfer the whole sum at this time . To circumvent this issue I created a bank account in the bank that has a branch in Switzerland and asked to state in a sponsorship letter that this company is obliged to transfer an amount of money in national currency equivalent to 2000 CHF monthly to this bank account I created. Can this funding scheme become a reason for the denial of my Visa application? Also, how much time it takes to process an application for Long-term studying Visa? I know that officially it is 8 weeks, but I would like to know the real terms from people who already got the Visa. Thanks for your replies in advance.
Where are you from and why would the company not be able to transfer this amount?

As to the other questions, have a browse around as the question was raised and answered several time (it takes as long as it takes).

Are you in Zurich already?
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Old 26.08.2017, 19:14
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Re: Student Visa Funding question

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Where are you from
I am not from EU.
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why would the company not be able to transfer this amount?
This is the funding scheme the company agreed to. I think when sponsorship comes from a person and not from a company, the whole sum doesn't have to be transferred right away as well, this person just need to write that he is funding the stay of the student. Is it different with company?
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Are you in Zurich already?
I am not in Switzerland right now.
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Old 26.08.2017, 19:32
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Re: Student Visa Funding question

Sorry, but it won't be good enough. You or the company will have to show proof that the entire sum of 24,000 is in a bank with a Swiss branch - monthly amounts aren't acceptable.

I don't know where you plan to study, but both UZH and ETHZ make it clear the entire sum is needed.

http://www.uzh.ch/en/studies/applica...elines.html#12

https://www.ethz.ch/content/dam/ethz...-master-en.pdf

Whether a Guarantee Declaration by your relative would work I don't know. He should check with the Zurich migration office to find out.

Last edited by Medea Fleecestealer; 26.08.2017 at 20:13.
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Old 26.08.2017, 20:04
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Re: Student Visa Funding question

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Sorry, but it won't be good enough. You or the company will have to show proof that the entire sum of 24,000 is in a bank with a Swiss branch - monthly amounts aren't acceptable.
That is what I thought as well, but I was told by Swiss Embassy employee in my home country that this scheme with monthly payments would work, which I found suspicious and decided to double check. I guess I was misinformed.
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Old 26.08.2017, 20:13
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Re: Student Visa Funding question

Embassy staff aren't always right. As said, get your relative to check with Zurich migration office to be sure if the Guarantee Declaration would be acceptable and what would be needed for it - the full amount or monthly payments.
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Old 26.08.2017, 22:52
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Re: Student Visa Funding question

What about guarantee declaration from legal resident of Switzerland, would this person be obliged to prove his ability to cover the expenses with bank account statement showing 24000 CHF or the bank statement showing monthly income (for the duration of the last six months for example )statement would suffice?
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Old 26.08.2017, 22:55
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Re: Student Visa Funding question

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What about guarantee declaration from legal resident of Switzerland, would this person be obliged to prove his ability to cover the expenses with bank account statement showing 24000 CHF or the bank statement showing monthly income (for the duration of the last six months for example )statement would suffice?
YouŽd need to ask the authorities that provide the visa. They are the only ones who can say nay or yay
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Old 27.08.2017, 09:58
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Re: Student Visa Funding question

From the uzh link:

"Alternatively, you can supply what is known as a Guarantee Declaration. In this case, a solvent person living in Switzerland (a Swiss citizen or foreigner with a B or C residence permit) signs a form officially pledging to cover costs of up to CHF 21,000.- that could fall to the community during your stay in Switzerland. This includes accidents and illness, as well as your return trip. This form will be issued by the Migration Office of the Canton of Zurich after receiving your application."

So as said your relative needs to check with them to see what they require.
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