Latvian banks are very attractive for those who are expanding their business and are going to go international. On the one hand, this country is from the post-Soviet space. It is easy to find employees who serve clients and branches of local banks are represented in many CIS countries. On the other hand, Latvia is a member of the European Union. This means that by opening an account here, you become a part of the European system, which increases the status of the company and makes it more reliable and attractive in the eyes of partners. True, control over financial transactions is also carried out here at the international level. Therefore, you should be prepared for the fact that all money transfers will need to be confirmed with appropriate documents. This is done in order to prevent money laundering and money trafficking. Another nuance that must be taken into account is the currency for settlements. The fact is that Latvia has not the easiest relationship with the United States. Accordingly, dollar transfers, in particular from America itself, can be difficult. And it is better to clarify this issue with the bank when opening an account, since the situation is constantly changing. But there will be no problems with the euro. You can freely pay with this currency and receive your income in it.
Documents required to open an account for a legal entity
A complete set of constituent documents (certificate of registration, charter, etc.)
A document confirming the applicant's right to open an account on behalf of a legal entity. persons (decree on appointment as director or power of attorney)
Applicant's identity card (passport)
Information about the activities of the company
Documents required to open an account for an individual
Identity card (passport)
A document confirming the legal presence in the country (visa, certificate of residence permit, etc.)
Applicant's personal data
Information about the purpose of opening an account
Banks of Latvia
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