Criteria for 'Emerging/Frontier Markets' Membership

The qualifying firm must be domestic and head-quartered in one of the MSCI Emerging Market or Frontier Market countries, which are listed here.

The firm must not be multi-national.

The firm must meet at least two of the following conditions:

• Total number of employees or dedicated contractors must not exceed 100 (if less than 8 then would still fit under the small firm as long as they match one of the two other criteria)
• Projected revenue or revenue for prior year is less than $1,000,000
• Net Assets (balance sheet's Assets - Liabilities) is less than $250,000

A letter signed by a senior officer of the firm stating that the firm meets the above criteria is required.