Open an account in Latvia

Every year more and more business owners from many CIS countries choose Latvian banks to open their accounts. Entrepreneurs trust them with their deposits, because the financial institutions of this state have many advantages.

Banks of Latvia: main advantages

Unlike the Ukrainian banking system, Latvian banks can boast of undeniable stability. Latvian financial institutions guarantee the safety of investments. Card accounts in a Latvian bank can be issued by both legal entities and individuals. However, you can fully rely on their reliability. When opening an account, the bank fulfills all the required conditions. Also, clients may not worry that their cooperation with a banking institution will be affected by a change in government.

Latvian banks have earned the trust of depositors thanks to their twenty years of experience in the banking services market. In addition, they occupy the 4th risk category according to the rating of the Organization for Economic Cooperation and Development (OECD). For example, Ukrainian banks in this list are included only in the last, seventh category. Every year, the World Bank ranks countries according to their GNI levels. According to its results, in 2013 Latvia moved from the group of countries with upper-middle incomes to the category of countries with high incomes.

By opening an account with a Latvian bank, customers can enjoy the following benefits:

• Easy account opening procedure.

  Latvian banks issue invoices with the help of authorized consulting organizations. There are a small number of banks in the world that perform the registration process in this way. Indeed, in order to legitimize and certify all documents, the client does not have to be present during the transaction. When contacting our company, investors can entrust the execution of a package of documents to our specialists. In addition, opening an account is carried out within a few days.

• Modern account management systems.

  Internet banking allows you to use banking services anywhere in the world. Plastic cards also provide convenient conditions for cooperation with the bank.

• Guarantee of secret deposits.

  In many banking institutions of the world, the conditions that guarantee the secrecy of money investments have changed. However, Latvian banks still strictly keep information about the invested funds. Thus, employees of the NBU can find out information about opening an account only after the consent of the owner.

• Russian speaking staff.

  For the convenience of communication with foreign clients, Russian-speaking specialists work in banks. Therefore, you will not need the services of an interpreter. A qualified staff will easily find a common language with their customers.

• Acceptable rates for services.

  The cost of banking services is fixed, low. The exception is invoices that need to be issued in short lines. Thanks to such tariffs, entrepreneurs can easily plan their business.

• Convenient location of Latvian banks.

  Geographically, Latvia is not far from Ukraine. In the event of situations that require the personal presence of the client, the financial and time costs for the flight and troubleshooting will be minimal.

The specialists of Finance Business Service will help you complete the package of necessary documents and quickly open an account in safe and reliable financial institutions in Latvia. Qualified personnel of our company will provide all the necessary information.

Corporate Legislation of Latvia