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.
Latvian Bank Account opening procedure in general
- Fill out an application form. Send the copy of your ID and company documents. For the faster service some banks and agents could offer you to scan the documents and send them to e-mail or copy and fax. After receiving your documents and your payment, an account will be reserved for you at the bank and your account agreement and other bank forms pertaining to your account will be sent to the address you provided on the application form. Your account will be open to receive incoming wired credits immediately after the account number is reserved;
- When you receive the package with the documents, you should read and sign account operating agreement and Signature Sample Card. Signature Sample Card, company document copies, and the copy of your ID need to be certified by a notary public in your locale. All these documents should be sent back to the bank. One of the Latvian banks allows the customer to make notarization of Electronic Signature Card instead of Signature Sample Card;
- As soon as the bank receives your signed documents — you can make withdrawals from your account, which is now fully operational.