1. Corporate Entity
   • Entity is to be a corporate entity, registered with ACRA with a valid Unique Entity Number (UEN)
   • Operations and headquarters are to be based in Singapore
   • At least 30% of shareholding is held by a Singaporean or Singapore Permanent Resident*
   • Annual sales turnover of not more than S$50 million as of the last financial year
   • No Litigation filed against the business, its director(s) and shareholder(s) in the past three (03) years
   • Meets all statutory compliances and governing regulations
   • Made an impact within its industry, allowing the business to obtain its sustainable market position
   • Registered entity includes sole proprietorship, partnership, limited partnership, limited liability partnership or private limited company
2. Entrepreneurship & Management
   • Implements well managed policies (fiscal, trading, internal)
   • Sets high and industry leading standards for self and the business
   • The management team demonstrates strong leadership and corporate governance skills
   • Empowering individuals that propels success
3. Business Strategies & Impacts
   • Creates visions and converts them into reality through the course of business
   • Ability to maintain operational excellence by reviewing and optimizing operational structure and processes to be aligned with the business’s vision and goals
   • Possess proven customer and quality management system within business operations
   • Business and/or brand(s) possess influential presence within the local markets
   • Business displays high potential for growth and expansion for both local and global markets
   • Have structured business recovery plans in an event of economic changes
   • Have in place structured corporate plans and procedures; possess the ability for regional and global growth
   • Possess the ability to sustain, manages and implement proven risk management strategies

* Denotes exemption may be provided on case-by-case basis by the assessment unit.

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