WHAT IS REQUIRED AS PROOF OF FUNDS?

The applicant/financier shall provide either of following verifiable source(s) of funding:

i. Average annual turnover of US$200,000,000.00;

ii. Cash at hand to the tune of US$200,000,000.00;

iii. Letter of credit from a reputable financial institution to the tune of US$200,000,000.00;

iv. A market capitalization of not less than US$5 Billion;

v. Bank Guarantee to the tune of US$200,000,000.00; or

vi. Parent Company Guarantee to the tune of US$200,000,000.00 (for newly incorporated companies).

In the case of a financial partner providing funding, the company shall provide verifiable evidence of a relationship with such partner.