Latvia Offshore Bank 5

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RIETUMU BANK

Options:

Full range of banking services.
Multicurrency accounts
Multilingual customer support
iRietumu – modern internet-bank in English, Russian and French
MasterCard/Visa Debit and Credit cards (including “deluxe” level cards)
Standard payments in all major world currencies are processed on the same day (T+0) without additional commission.
International express payments in EUR and USD in one business hour.
The wide net of correspondent banks.
Payments in more than 90 different currencies.
Immediate currency exchange.
Special exchange rates for amounts exceeding EUR 5,000.
Hedging of currency risk (Fwd/Swap/Order).
Favorable fees for loyal clients.
App for iPhone, iPod & iPad
E-commerce services (merchant account)
Deposits
Lending
Asset management
Investment funds
Financial market instruments
Advisory services & support in obtaining a residence permit in Latvia
The approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.

Requirements (Personal):

A face-to-face meeting is not required.
No minimum balance.
Initial deposit of EUR400.
Account opening timeframe. The account will be activated within 7 – 10 business days, upon receipt by the bank of all duly completed forms and relevant information.

REQUIREMENTS FOR OPENING AN INDIVIDUAL BANK ACCOUNT
Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
Original or notarized copy of utility bill/bank statement dated within 3 months as verification of residential address.
Original or notarized copy of Lawyer’s/Banker’s/Accountant’s reference letter dated within 3 months.
Personal CV

PLEASE NOTE:
Documents that are not in English must be accompanied by a certified translation.
U.S. citizens or residents are not accepted for account opening.

Requirements (Corporate):

Personal presence is not required.
The Relationship minimum balance for companies from the EU, CIS, OECD, China (incl. Hong Kong), Andorra, Georgia, Lichtenstein, Macedonia, Isle of Man, Serbia, Singapore and Montenegro is established in the amount of EUR 5 000 (or the equivalent in another currency).
Following the opening of an account for a new client of the bank and crediting funds to it, the compulsory minimum balance will be remitted to the special saving account, where it will stay untouched for the first six months.Upon the expiry of six months, the amount of the Minimum Balance will be remitted from the Saving Account back to the Current Account of the Client where the Client can make free use of it. With regard to this Client, the general terms of observing the Relationship Balance will be effective.
The bank commission for opening a new account for companies from the EU, CIS, OECD, China (incl. Hong Kong), Andorra, Georgia, Lichtenstein, Macedonia, Isle of Man, Serbia, Singapore and Montenegro will remain unchanged EUR 150. For companies from other countries and jurisdictions, the commission for opening a new account will be EUR 450.
Account opening timeframe. The account will be activated within 7 – 10 business days, upon receipt by the bank of all duly completed forms and relevant information.
U.S. companies or citizens are not accepted for account opening.

DOCUMENTS REQUIRED

A set of legalized company documents consisting of:
Certificate of Incorporation
Memorandum and Articles of Associations
Documents confirming the appointment of company directors and secretary (if any)
the document confirming the location of the registered office
Share Certificate(s)
Certificate of Good Standing if the company is more than 12 months old
Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
Valid License (if applicable)

For each director, shareholder, secretary, authorized signatory and ultimate beneficial owner:
Notarized copy of valid passport.
The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
Original or notarized copy of utility bill/bank statement dated within 3 months as verification of residential address.
Original or notarized copy of Lawyer’s/Banker’s/Accountant’s reference letter, dated within 3 months
Power of Attorney (where applicable)
Personal CV

For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
A set of legalized company documents consisting of:
Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
Copy of Corporate Register (which shall include Register of Shareholders, Directors, and Secretary).
Copy of the Corporate Structure.
Certificate of Good Standing.

PLEASE NOTE:
Documents that are not in English must be accompanied by a certified translation.
Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

Howto?

First, you have to know the bank’s website: http://www.rietumu.com/

How to open the account:

Personal: http://www.rietumu.com/documents-account-private

Corporate: http://www.rietumu.com/documents-account-corporate

After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered.

Your new Offshore bank account is from then on fully usable.

Contact:

JSC “Rietumu Banka” Legal Address:
Vesetas 7, Riga, LV-1013, LATVIA

Telephone:+371 67025555 (24h)
Fax: +371 67025588
E-mail: info@rietumu.lv
Skype: Rietumu.Info
Dispute Resolution and Complaints
Personal Bankers

Important note:

If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account.

As part of the process, you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you.



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