Latvian Bank Account
There are 22 banks in Latvia, however if you are anticipated to open the bank account by mail, you could consider just 5-6 of them. Your consideration depends on your needs and your balance. If you have above million USD on your balance — go with big banks. If you have some thousand turnover — you can choose: do you need big bank where you will be treated as everybody, or you need very special service, but can do without your favorite brand on your credit card or some other small extra. All Latvian banks working with non-resident customers have credit cards, ATM cards, Online (Internet) banking and other remote account management tools.
How to open Latvian Bank Account
Generally speaking there are 2 ways how to proceed:
- Find the bank that best suits your needs and mail or visit them directly (If you are going to visit the bank personally, better make a call or write a mail to arrange your visit and to let the bank employee to be prepared);
- Also there is a list of agents that works with many banks. This way is a little bit more expensive (agents usually charge USD 100 – USD 200 for their service), but you will have the real advisor which will help to find bank that better suits your needs. Also if you are going to visit Latvia, most of agents will help you to arrange hotel, visit to the bank and other things to feel comfortable. Most of such agents also have good prices on offshore incorporation services (starting from USD 550). If you are going to open an account for the offshore company, the company incorporated by such agent will satisfy the particular bank needs and will go smoothly without any additional paperwork.