EU & Eurozone

Latvia

Bank Account Opening • Payment Institutions • Account for Foreign Company • Personal Account

Requirements Process

Banking in Latvia

Baltic financial center with Nordic banking presence

Latvia offers a well-developed banking sector with strong Nordic banking presence and EU regulatory standards. The country serves as a strategic gateway between Western Europe and CIS markets.

Latvian banks are known for their modern digital infrastructure and competitive fees for international transactions.

Key advantages:

Eurozone member since 2014
Strong Nordic banking presence (Swedbank, SEB)
Full SEPA integration
Multi-currency accounts (EUR, USD, GBP)
Modern digital banking infrastructure

Minimum Requirements

What you need to open an account

For Local Company

1-2 personal visits of director to Latvia
Registered legal address in Latvia
Completed beneficial owners registry
Business activity description

For Foreign Company

Registry extract with Apostille (max 3 months old)
Sworn translation to Latvian
Personal presence usually required
Planned annual turnover over €500,000

For Individuals

Personal visit to Riga
Latvian phone number
Local registration (address)
Proof of income source

Account Opening Process

The process takes place in two stages

1

Document Collection

We help prepare all required documents, translations and apostilles. Average time: 1-2 weeks.

2

Submission & Opening

Submit documents to the bank, pass compliance check. Account opening within 5-10 business days.

Ready to Open a Bank Account in Latvia?

Baltic banking with Nordic reliability and EU standards

Contact Us