Part 7/15:
Qualification Standards for Entrepreneurs: The main applicant must possess at least three years of entrepreneurial experience or hold a master’s degree in business management or related fields. This aims to improve the quality of applicants and reduce project failure rates.
Business Plan Verification: Business plans must now be certified for feasibility by government-approved professionals such as administrative scriveners. Casual or fabricated plans are no longer acceptable, closing the door to unscrupulous agencies that previously helped applicants bypass scrutiny.