Meanwhile, in Portugal... "Any company seeking crowdfunding investors will need at least €50,000 of capital"
Originally shared by Miguel Afonso Caetano"#Crowdfunding investors in #Portugal will be banned from shelling out more than €3,000 per offer, according to restrictive proposals from the stock market regulator CMVM.
The new rules are up for public consultation until January 21, 2016 but if they go ahead, the market that encourages new companies to get going, without recourse to applying to banks for money, will artificially be constricted.
Any company seeking crowdfunding investors will need at least €50,000 of capital and any investor in the collaborative funding method is limited to €3,000 per company and to €10,000 per year."
The new rules are up for public consultation until January 21, 2016 but if they go ahead, the market that encourages new companies to get going, without recourse to applying to banks for money, will artificially be constricted.
Any company seeking crowdfunding investors will need at least €50,000 of capital and any investor in the collaborative funding method is limited to €3,000 per company and to €10,000 per year."
Crowdfunding restrictions affect Portugal's start-up businesses