Qualifying Criteria

 All applicants should meet the following criteria:

•  Applicable to sole proprietors, partnerships, limited partnerships and private  limited companies
  
  
•  Corporate shareholders should not have more than 20% equity stake. The net  tangible assets of the corporate shareholder shall not be more than S$50million
  
  
•  Annual sales between S$1.5 million and S$10 million as at last financial year
  
  
•  Minimum paid-up capital of S$50,000 (Applicable to pte ltd companies)
  
  
•  At least 2 years of business operations but not more than 10 years
  
  
•  Attachment of financial statements for the last 2 financial years
  
  
•  Singapore registered business and at least 30% owned by Singaporeans or  Singapore Permanent Residents
  
  
•  Not more than 200 employees
  
  
•  Fixed assets shall not exceed S$15million