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Opening
Latvia Bank Account!
Specializing in Offshore Bank
Consultancy, established as the
market leader in this field. Due to our vast experience, we
are able to offer clients assistance in many aspects.
We help to open your Latvia bank account for as low as 199 U$D.
After joining the European Union Latvia has experienced a
rapid growth in its banking sector.
Latvian Banks offer:
Low overhead costs
Quick and efficient wire transfers
Operations with multiple currencies
Internet access
High interest rates on term deposits
Visa, MasterCard and American Express credit cards
Since 2005, all bank account numbers comply with IBAN
standard.
Banking Secrecy
One of the major advantages of Latvia banking system is its
secrecy. This issue is given much attention in the Law on
the Credit Institutions: the clients' accounts information
is protected against the third parties or civil
institutions, apart of those stipulated (ex. criminal
investigation). Latvian legislation does not have any
limitations of currency import or export.
High Standards; Low Fees
Banking sector in Latvia is relatively saturated in
traditional banking services such as account maintenance and
settlements. The bank responsible for the development and
execution of monetary policy - Bank of Latvia – controls the
financial condition of every bank. Being well regulated
Latvian banks are very competitive in terms of service
standards and fees.
Latvia
Private Bank account:
Bank accounts in lativa would be ideal for you, if you want
to carry out transactions in baltic. Unlike switzerland,
they dont ask for big security deposits to get these payment
cards. Very recently latvia merged into european union and
the country well supported by european monetary funds for
its development. Neverthless, your deposits are protected by
strict bank secrecy laws of latvia.
Set of bank forms necessary to be completely filled and
signed for opening a private account are:
- Current account agreement;
- Authorized signature sample card;
- Client's Questionnaire;
- On-line banking application.
Documents necessary to be provided to the Bank for opening a
private account are:
- copy of officially recognized ID document in Your
residence country
The signature of the client opening the account remotely
HAVE TO BE Notarised and Apostilled.
This can be done in two ways:
- Notarizing and getting to be Apostilled completely filled
Authorised signature sample card, or
- Notarizing Your signature at Notary Public and getting to
be Apostilled the issued document which says : ""I, .....
confirm the signature of ...... identified by passport Nr.
123456, issued at 01/01/03, with expiry date of 01/01/08 by
..... a copy of which is attached hereto"
Thus, in both ways, the ID document will be Notarised and
Apostilled itself as it was used for identification of the
client (You).
Notarization has to be made in English or, should this be
impossible, officially translated to English language.
An Apostille is the official state certification of the
notarization which makes notarized documents legally valid
in all countries member to the Hague Convention on
abolishing the requirement of legalization of public
documents.
The cost of current account opening remotely consist of:
Opening and closing of
current account
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Opening of current
account in Latvia |
100 EUR |
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Opening of current
account outside of Latvia |
information at the
bank |
|
Current account
closure fee |
100 EUR |
Maintenance of current account
|
Current account
maintenance |
Free of Charge |
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Maintenance of
dormant* account |
Free of Charge |
|
* no operations
during last 12 months |
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Issue of chequebook |
5 EUR |
|
Account statements |
Free of Charge |
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Current account
interest |
|
Account balance
exceeding 10 000 LVL |
2.5 % Annually |
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Account balance
exceeding 100 000 USD (or EUR) |
1/2 overnight LIBOR |
|
Account balance
exceeding 2 500 000 RUB |
2 % annually |
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Standing Order |
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Order registration |
5 EUR |
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Additional
transaction charge |
free of charge |
Cash operations
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Cash deposit into
account |
|
LVL (Latvian Lat)
into own account |
free of charge |
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LVL (Latvian Lat) to
3rd party account |
0.30 LVL |
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EUR, USD |
Free of Charge |
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AUD, CAD, CHF, DKK,
GBP, JPY, NOK, SEK, LTL, EEK, CZK, PLN |
0.5 %, min 1 LVL |
|
Cash withdrawal |
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LVL |
0.1 %, min 0.50 LVL |
|
AUD, CAD, CHF, DKK,
GBP, JPY, NOK, SEK, LTL, EEK, CZK, PLN |
To be agreed |
|
EUR |
|
Up to 100 000 EUR |
0.5 % |
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Over 100 000,01 EUR |
0.4 % |
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USD |
|
Up to 100 000 USD |
0.5 % |
|
Over 100 000,01 USD |
0.4 % |
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Other cash
operations |
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Substitution of
outdated USD bank-notes (issued 1928-88) |
3 % |
|
Authentication of
bank-notes |
0.10 LVL per
bank-note |
|
Coins exchange (for
every 100 coins) |
0.25 LVL, min 1 LVL |
|
Substitution of
damaged bank-notes |
|
USD |
3 % |
|
EUR |
4 % |
|
Deposit of coins
into account |
|
Up to 300 coins |
Free of Charge |
|
For every 100 coins
over 300 per day |
0.25 LVL, min 1 LVL |
Current accounts in Bank are multi-currency and You can have
under one account number as much currencies as You wish.
These were general guidelines about the current account
opening procedure.
If You would like to apply for the debit or credit card
additionally You should fill one more form what is:
- Application for the opening of a VISA,
Eurocard/MasterCard, Maestro, Visa Electron account and card
issuance, and/or
- Application for the opening of a Cirrus card account and
card issuance
If You would apply for the card only then there is the same
procedure and the same set of bank forms necessary to be
filled as for the current account to be opened only
replacing Current account agreement with Application for the
card. Your signature still HAVE TO BE NOTARIZED AND
APOSTILLED.
Frequently Asked Question:
Is this Bank secured?
I can truly confirm that banking system in Latvia is
regulated by government and Financial and Capital Market
commission (please visit
http://www.fktk.lv/en/ ).
Will I have dedicated account manager?
Yes, you will have Your own, English/German speaking account
officer and You can contact the Bank for most of Your
questions or problems to be solved.
Open your Latvia Bank Account Now
Money back guarantee : if for any reason the bank will reject
your application we will give your money back.
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Investement Bank Account -
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Austrian
Private Bank Account -
Austrian Numbered Bank Account
- Latvia Bank Account
Copyright © 2003-2011
S.B.A Consulting
AR LTD
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The information contained in this Website is
not meant to substitute qualified legal advice given by a specialist knowing
your particular situation. We are not a bank and can’t be held responsible for
any loss or damages whether direct, incidental, indirect, special, or consequential,
among others, relating access to this Web site. Read our Disclaimer
/ Terms and Conditions.<