Individuals relocating is now not information. As an organization, we’ve had colleagues who’ve left to start out new lives overseas. As a substitute of pretending that this phenomenon doesn’t exist, we’ve determined to create a finance information that may assist our customers who’re relocating to Canada from Nigeria.
On this article, we’ll share how a lot you’ll want to relocate to Canada from Nigeria as a everlasting resident (PR) and in the event you learn to the top, you’re going to get the step-by-step course of you should utilize to point out your Cowrywise funds as proof of funds.
Word: This text was written to point out an outline of the price. We’re not immigration brokers at Cowrywise.
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Steps concerned in relocating to Canada from Nigeria
- Open an Categorical Entry account with the Canadian authorities
With this, you’ll be able to relocate as a talented employee with not less than 3 years of working expertise. There are different paths corresponding to education as properly. Please do some extra analysis on the varied paths accessible.
- Open an account with World Schooling Providers (WES)
Get your college to ship your transcript to WES, then they may consider your transcript and evaluate your degree of training to a BSc or Grasp’s in Canada. Some faculties can ship your transcript electronically whereas some can’t. Within the latter case, you will have to ship it via a courier service or the mailing system of your nation.
- Write IELTS basic testing examination
- Submit your credentials
Submit your WES analysis, IELTS outcomes and different profession/private info in your profile. As soon as that is finished, you’ll enter the “pool” of 1000’s of candidates ready to be despatched an Invitation to Apply (ITA) by the Canadian authorities.
- Guarantee you might have your proof of funds ($13,000+ Canadian {Dollars})
There’s a easy strategy to present your proof of funds utilizing Cowrywise. This step is simply needed if you’re despatched an Invitation to Apply (ITA) for everlasting residency. You have to start saving your funds in time so as to not run into issues if you’re despatched an ITA.
These are the fundamental steps of being a doable Canadian immigration candidate. Every of them has issues you’ll want to word, so make sure you do your correct analysis.
For instance, there are two organizations that enable to you write IELTS in Nigeria. Discover out which one is finest for you if you start your utility. Additionally, if you’ll reasonably relocate from Nigeria to Canada as a scholar, then the method is totally different.
Now that you’ve an thought of tips on how to relocate to Canada from Nigeria as a everlasting resident, let’s get into the price as a result of, with out funds, it’s almost unattainable to relocate. If relocation will make you cheerful, then the individuals who stated cash can’t purchase happiness may need lied.
Value of relocating to Canada from Nigeria
- Opening an immigration account – FREE, besides you resolve to make use of an agent for the method.
- Getting your college to ship your transcript through courier can value as little as N15,000 to as a lot as you’ll be able to think about – in the event you’re calculating the stress that often comes with getting transcripts from sure Universities in Nigeria. So, other than cash right here, you may additionally want quite a lot of luck.
- Getting WES to transcribe your transcript.
There’s a totally different price you pay for WES to really transcribe the transcript your college sends to them. This presently prices $227 (CAD). Relying on the alternate fee, this prices about N73,000+ now. Nevertheless, it could value extra in the event you request for WES to ship you a hardcopy model of their analysis. - Registration charges for IELTS – N83,000
- The quantity you’ll want to present for proof of funds (POF) is determined by how many individuals are relocating to Canada with you. See the desk beneath for a breakdown…
Desk as seen right here
Should you’re relocating alone, your proof of funds needs to be about N4,300,000 or extra.
Though you’re not essentially “spending” your proof of funds to relocate to Canada, you merely want to point out it as proof that you’ve sufficient to cowl your value of dwelling for not less than 6 months if you arrive in Canada.
Whole spent (with out POF) = N171,000+
Whole funds wanted (together with POF) = N4,471,000+
Are these the one prices wanted to relocate to Canada?
Truly, no.
Keep in mind we talked about earlier that you just solely want to point out proof of funds if you’re despatched an Invitation to Apply (ITA) for everlasting residence.
There are different issues you’ll want to present in the event you’re despatched an ITA and people issues value cash.
- Police report – N5,000 upwards
- Medical report – N10,000 upwards (Relying on which hospital you’re utilizing)
- Biometrics – $85 CAD / about N28,000
- Visa utility – $850 CAD / about N280,000
- Proper of everlasting residence price – $515 CAD / about N166,000
Whole = N489,000+
After all, likelihood is that it’s going to value you greater than the estimates shared above. Foodstuff and different necessities are usually not included in these prices so there’s a have to plan for miscellaneous bills.
How do I take advantage of Cowrywise to point out my Proof of Funds?
It’s straightforward!
- Log into your app
- Click on on the “Whole Steadiness” card in your homepage
- Faucet on the … on the highest proper and click on on “Request Funding Letter”
- Full the method to get your funding letter in your e-mail (Verify your spam in the event you don’t get it inside 10 minutes)
The method is seamless and you’ll present your Cowrywise funding letter as your proof of funds when relocating to Canada or another nation.
Do not forget that as a Nigerian in Diaspora, you’ll be able to proceed utilizing Cowrywise to construct wealth that lasts, the one requirement is to have a Nigerian checking account.
We hope you discovered this beneficial and want you the perfect of luck along with your japa course of.
Should you’ve not began saving and investing with Cowrywise, you must begin now. Click on right here to get began.
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