Opening a Bank Account in Latvia | gbo-il en

Bank Account in Latvia

GBO International Financial Services Ltd specializes with assistance with opening a bank account in Latvia with no requirement to leave the country.

Our services include assistance with opening a private or corporate bank account with one of the major banks, quickly and efficiently. It is important to note that Latvia joined the EU in 2004 such that local banks located in Latvia specialize in serving clients worldwide.

What our Service Includes:

  • Assistance with choosing the most appropriate bank for your private or corporate needs.
  • Assistance with preparing all the required legal forms.
  • Assistance with preparing all the required documents by the bank for a new bank account.
  • Escort throughout the entire process, from the start to the final approval.
  • Connecting the client with the bank which includes a conversation with the client’s personal banker at the bank.

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Foreign Bank Accounts

Documents Required for Opening a Bank Account in Latvia:

  • A valid passport.
  • Reference letter from either a local Israeli bank or a foreign bank.
  • Utility Bill – A document confirming your personal details such as your address. This can be an arnona bill, electricity bill, water bill etc.
  • Concise CV (depending on the bank).

To open a corporate account in Latvia, valid passports of the beneficiaries must be submitted, as well as an official document describing the business, business activities, source of income, estimated annual turnover for its first year, estimated amount of incoming/outgoing funds as well as the company’s corporate documents.

Characteristics of a Bank Account in Latvia:

  • There is a solid banking system in Latvia that is under supervision of the Central bank and the EU.
  • Latvia joined the EU in 2004 which bolstered the country’s status as well as its banking system.
  • One may open a bank account for corporate use noting that various worldwide jurisdictions are accepted as well as for private use for individuals who wish to have a foreign bank account for their own personal reasons.
  • The corporate bank account in Latvia is apt for all types of commercial activity and transfers, including international transfers.
  • Full online access to the account as well as 24/7 telephonic customer service.
  • Multicurrency account.
  • Can trade securities, forex and other financial derivatives via the bank’s website.
  • Banks in Latvia issue international credit cards – Visa and Mastercard.

Additional information on foreign bank accounts.

Additional Comments:

Latvia, as part of the EU, is an excellent gateway into Europe for entrepreneurs and investors from all over the world. Opening a new bank account in Latvia, corporate or private, with GBO’s assistance, saves you a flight to Latvia. The process of opening a bank account in Latvia is done from our offices in Israel, quickly and efficiently. After characterizing the client and understanding all his/her needs, we make sure to open either a corporate or private account in the most appropriate bank and guarantee assistance throughout the entire process.

Need more information ? contact us

Ygal alon 65 st, Tel Aviv, Israel

 | Skype: gbointernational | Phone: +972 351042570 |  Email: [email protected]


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