Open a corporate account with Citadele Bank

About the Bank

State Bank of Latvia. Established on June 30, 2010, after the completion of the restructuring of Parex banka. In May 2011, the Latvian Parliament decided to sell the state-owned shares in the amount of 75%. Citadele’s assets amount to 2.1 billion euros.

Bank services

• operations on accounts, including remote management;
• transfers and currency transactions;
• financing and documentary operations;
• deposit and card products;
• Brokerage services
• Trust management of an investment portfolio
• Trust Services
• Securities financing - repo transactions

Advantages

The procedure for opening accounts in these banks, on the one hand, fully complies with the norms of international law and the “know your client” principle, on the other hand, it does not pose complex and often unsolvable tasks for a potential client. These banks do not require a bank reference from a world-famous world bank or apostilled and notarized English translations of your housing bills, telephone conversations, etc. and so on. Their huge advantage is the ability to use Russian as a “working” language, starting with communication with tellers and ending with the preparation in Russian of all documents related to the management of your account.

Documents required for account opening

1. Certificate of Incorporation under Apostille
2. Memorandum and Articles of Association under Apostille
3. Minutes of the shareholders on the appointment of the director
4. Power of Attorney under Apostille
5. Copy of the passport

All documents must be translated into English

Additional Information

Account type:

• credit/debit cards
• Rates
• Some text
• Account Management
• office by fax, telephone and over the Internet
• Minimum account balance
• There are no bank requirements for the minimum balance
• An initial fee
• From the first crediting to the account, the bank withdraws € 150 for the consideration of documents.
• Account opening terms
• About 2 weeks

Personal presence:

• A visit to the Kyiv representative office of the bank is required.
• Estimated opening time: About 2 weeks.

Corporate Legislation of Latvia