United States, as defined by the United States Securities and Exchange Commission:
An accredited investor, in the context of a natural person, includes anyone who:
- earned income that exceeded US$200,000 (or US$300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the
current year; or
- has a net worth over US$1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
Singapore, as defined by the Monetary Authority of Singapore:
- whose net personal assets exceed in value the minimum amount of S$2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount, and in determining whether an individual’s net personal assets exceeds the minimum amount, the estimated fair market value of an individual’s primary residence less any outstanding amounts in respect of any credit facility granted to the individual or any other person that is secured by that residence, shall not account for more than $1 million (or its equivalent in a foreign currency) of the minimum amount; or
- whose income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount.
United Kingdom, as defined by the Financial Conduct Authority.
A “Self-Certified Sophisticated Investor” is an individual who:
- is a member of a network or syndicate of business angels and have been so for at least the last six months; or
- has made more than one investment in an unlisted company in the last two years; or
- is working, or have worked in the last two years, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; or
- is currently, or has been in the last two years, a director of a company with an annual turnover of at least £1 million.