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To qualify as an accredited investor, an individual must meet at least one of the following criteria: 1. Income threshold: • Annual income exceeding $200,000 (or $300,000 jointly with a spouse) for the past two years, with a reasonable expectation of maintaining the same level in the current year. 2. Net worth requirement: • Net worth over $1 million, either individually or jointly with a spouse, excluding the value of the primary residence.