What is an economic guarantor?

What is an economic guarantor? What are the conditions of economic guarantor?

Economic guarantee refers to the guarantor's commitment to provide financial assistance to the applicant within 2 years after the applicant's successful immigration application.

In this way, immigrants do not need to rely on any form of funding from the Australian government. The economic guarantee is valid for 2 years from the date of the applicant's arrival in Australia.

Australian time calculation.

Applicants are not required to submit such guarantees unless required by the Australian Immigration Department. Guarantors must prove that they have enough income.

So as to provide financial guarantee for the applicant.

The guarantor's income in the last two years is not less than 30,806 Australian dollars, and he has a tax refund certificate. Every dependent member of the guarantor's family.

People, the annual income increased by 2000 Australian dollars, and each child increased by 624 Australian dollars; For each adult included in the guarantor's application, it will increase.

Plus $2,000, each child will increase by $624.