updated over 2 years ago
User needs to confirm Accredited Investor status to purchase security tokens.
In Singapore, Accredited Investor is defined in Section 4A(1)(a) of the Securities and Futures Act (SFA), Chapter 289.
Individuals who meet one of the following must OPT IN and cannot automatically be treated as such:
- $2 million net personal assets (primary residence may only account for $1M of the $2M threshold); OR
- $1 million of financial assets (net of any related liabilities)
- Income in the proceeding 12 months is not less than $300,000 (or its equivalent in a foreign currency)
Property title deed, property valuation report less than 6 months old from recognized valuers, last 12 months' original computerized salary slip, last Notice of Assessment, last 12 months' CPF contribution statement.
A corporation that meets the following may be treated as an AI if the corporation has net assets exceeding $10 million in value (or its equivalent in a foreign currency).
The most recent audited balance sheet of the corporation, or where the corporation is not required to prepare audited accounts regularly, a balance sheet of the corporation certified by the corporation as giving a true and fair review of the state of affairs of the corporation as of the date of the balance sheet, which shall be within the preceding 12 months