For individuals to attain Accredited Investor status, they have to meet any of the following criteria:
Criteria 1
Income in the preceding 12 months is not less than SGD300,000 (or its equivalent in a foreign currency).
Sample of Supporting documents:
- NOA
- 3 months worth of payslips
Criteria 2
Net financial assets (e.g. bank deposits or investments held with other financial institutions) exceeding SGD1 million (or its equivalent in a foreign currency) in value;
Sample of Supporting documents:
- Latest statement from brokerage houses showing account balances
- Latest bank statement
Criteria 3
Net personal assets exceeding SGD2 million (or its equivalent in a foreign currency) in value
Sample of Supporting documents:
- For Property
- Title deeds free of encumbrances*
- Latest housing loan statement
*Take note that an individual’s Primary Residence less any outstanding amounts shall not account for more than $1m (or its equivalent in a foreign currency)
- Latest statement from the Central Depository (Pte) Ltd (CDP) showing net personal assets
- Latest Digital Assets statement ( ie, Cryptocurrency holdings) , assets will be valued on a case by case basis.
To opt-in as an Accredited Investor, kindly schedule a call with our dedicated team of wealth advisors here or write to us at advisory@syfe.com. For existing clients, please go to your account settings and click on the ‘Opt-In’ button for Accredited Investor.