If you are an individual, you have to meet one of the following minimum requirements:
- you have net personal assets exceeding S$2 million in value, or its equivalent in a foreign currency (e.g. the value of the individual’s primary residence, net of any secured loan, can only contribute up to S$1 million of the S$2 million threshold);
- you have net personal assets of more than S$1 million in value, or its equivalent in a foreign currency, of financial assets (such as fixed deposits or investment products) net of any related liabilities; or
- your income in the preceding 12 months is of no less than S$300,000, or its equivalent in a foreign currency.