Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
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My business is selling high-end musical instruments which are ordered and sold in large quantities. Most of the time, one transaction will amount to 400k to 800k euros depending on the quantity.
Since we are dealing with large amounts, I would like to know if there are some limitations with the amount the rented company can receive as payment?
Very interesting question.
From our side we do not set any limits for incoming and outgoing payments.
The amounts of the funds moving through the bank account should be determined by your business, and cannot be regulated from our side.
However, please, keep in mind that the bank in which the rented company has an account, conducts its own due diligence and financial monitoring, and may ask questions about a specific transaction.