26.01.2018. Commercial banks in Latvia in 2017

Company News

BBP offers bank account openings for legal persons in the following Latvia banks: ABLV Bank, Rietumu Bank, Citadele Bank, Norvik Bank.

Banks have various restrictions regarding the jurisdictions its working with, the most of the Latvian banks are avoiding to work with typical tax-free jurisdiction companies located for example in Panama, Belize, BVI, Seychelles etc., where is not required to prepare annual Financial Statements. Recommended jurisdictions for account openings are the ones where is required to prepare and file Annually Financial statements like Hong Kong, Singapore, Gibraltar, Cyprus, UK.

There are following banks in Latvia: banks assets on 30.09.2017:

Source: https://www.lka.org.lv/en/industry-data/