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You are right, of course, but in most jurisdictions the limit is lower than 25k EUR (e.g. in PL it's 5k PLN ~ 1.2k EUR; I believe in the UK it's even less), and
by puszczyk 3mo ago
You are right, of course, but in most jurisdictions the limit is lower than 25k EUR (e.g. in PL it's 5k PLN ~ 1.2k EUR; I believe in the UK it's even less), and you can trivially look up the capital of any business in the business registry online --> you can decide if you are dealing with a multi-million behemoth or a mom-and-pop shop.
- hetspookjee 3mo agoUsed to be 16k in the Netherlands and now is barely anything. 1.20euro is common with 120 shares at 1ct nominal.
- ed_balls 3mo agoUnless it's c-corporate which require 25k usd. Money don't have to sit in bank account, you can buy a laptop etc.
- throw1234567891 3mo agoIn Germany the 25k Euro also does not need to sit in the account, after you reach it.