High Net Worth Individual Declaration
As stated under Schedule 1 - Qualifying Criteria of Sophisticated Investors (Paragraph 1.06):
- An individual whose total net personal assets, or total net joint assets with his or her spouse, exceeds RM3 million or its equivalent in foreign currencies, excluding the value of the individual’s primary residence.
- An individual who has a gross annual income exceeding RM300,000 or its equivalent in foreign currencies per annum in the preceding 12 months.
- An individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or its equivalent in foreign currencies per annum in the preceding 12 months.
What is considered as High Net Worth Individual? Print
Modified on: Tue, 22 Mar, 2022 at 10:27 AM
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