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Latvia: Immigration law amendments
26th May 2014
Latvian parliament adopted amendments to the Immigration Law in Latvia on May 8th, 2014. The amendments will come into force on September 1, 2014. Changes refer to the minimum thresholds of the property that qualifies for temporary residence permit.

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Latvia: Bank account opening assistance

When a non-resident is looking for a secure place to deal with his or her monetary transactions, a credit institution in Latvia could be the answer. We offer professional legal assistance in opening bank accounts for natural persons and companies. The banks may choose to refuse or accept an application for opening a bank account from a non-resident. Also, by accepting such applications from non-residents, the banks are required to conduct due diligence of its potential clients. Some banks may therefore have a policy not to accept non-resident customers.

Banks in Latvia offer the following services:

  • multi-currency accounts;
  • offshore internet banking services;
  • major credit and debit cards;
  • account access 365 days per year;
  • assistance in English;
  • government compensates deposits up to EUR 100,000

We take a global view of the banking needs of our clients, and our lawyers will insure that they receive full support and help to avoid any possible problems related to banking services for non-residents.

Our average fee for assistance in opening a bank account in Latvia is starting from EUR 250.

More information on Latvian, Lithuanian and Estonian banks.

If you require a private bank account for an offshore company, please contact us for further information.

Please contact us if you require further consultations in respect to bank account opening services in Latvia.

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