(1) A young person may make an application to the Board to access the Youth Economy Programme if the young person —
(a) is a national;
(b) is operating a micro business enterprise for at least one year or intends to operate a micro business enterprise;
(c) has no enforceable outstanding tax or social security obligations;
(d) is not delinquent in servicing of existing debt instruments;
(e) is not bankrupt;
(f) has a business site that is adequate and suitable for an activity.
(2) An application under subsection (1) must be —
(a) in the prescribed form;
(b) accompanied by —
(i) in the case of a micro business enterprise —
(A) a Certificate of Incorporation issued under the Companies Act;
(B) a Certificate of Registration under the Registration of Business Names Act,
(ii) where the value of the application is more than $5,000 —
(A) a banker's reference, if any;
(B) financial statements, if any;
(C) a business plan, if any; or
(D) other prescribed information or documents requested by the Board,
(iii) where the value of the application is less than $5,000, any prescribed information or documents requested by the Board.
(3) Information required for the purposes of the application under subsection (2)(b)(v) shall be supplied at the time of the submission of the application.
(4) An application under subsection (1) may be made by an individual or a micro business enterprise and may be made online.