Affidavit Of Source Of Income Template for Singapore

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Key Requirements PROMPT example:

Affidavit Of Source Of Income

"I need an Affidavit of Source of Income to support my permanent residency application in Singapore, documenting my combined income from my full-time tech job and rental property for the past two years up to January 2025."

Document background

The Affidavit of Source of Income is a crucial document in Singapore's legal and financial landscape, used to formally declare and verify an individual's income sources. This sworn statement is commonly required for various purposes including loan applications, visa processing, legal proceedings, and financial due diligence. The document must be executed in accordance with Singapore's legal requirements, particularly the Oaths and Declarations Act, and typically includes detailed information about regular and irregular income sources, employment details, and supporting documentation. It carries serious legal implications for false declarations.

Suggested Sections

1. Personal Details: Deponent's full name, NRIC/passport number, address, and occupation

2. Declaration of Truth: Standard affirmation of truth of the statements made

3. Primary Income Sources: Detailed listing of all regular income sources including employment, business, investments

4. Income Amounts: Specific amounts received from each source with frequency of receipt

5. Verification Statement: Final statement confirming accuracy of declarations

Optional Sections

1. Additional Income Sources: For declaring non-regular or one-time income streams

2. Third-Party Income: For declaring income received from family members or others

3. Foreign Income: For declaring income from overseas sources

Suggested Schedules

1. Income Documentation: Copies of salary slips, bank statements, or other income proof

2. Employment Contracts: Supporting documents proving employment status

3. Business Registration Documents: Supporting documents if income is from business ownership

4. Investment Statements: Supporting documents for income from investments or dividends

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Finance
Legal Services
Government Services
Immigration
Real Estate

Relevant Teams

Legal
Compliance
Finance
Risk Management
Operations

Relevant Roles

Financial Advisor
Loan Officer
Immigration Officer
Compliance Officer
Legal Executive

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Let's create your Affidavit Of Source Of Income

Authors

Alex Denne

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