Your Business Account in Latvia 🇱🇻

To open a business bank account in Latvia, select a bank, inquire about their opening procedure, gather the required documents (company registration, proof of address, ID documents, etc.), and follow the instructions. You might need to make an appointment at the bank branch where you intend to open the account.

Yes, foreigners can generally open a traditional business bank account in Latvia but make sure that your business has local business activity, partners or workforce.

The time it takes to open a business account in Latvia can vary depending on several factors, including the bank you choose and the completeness of your documentation. On average, it may take a few days to a couple of weeks to complete the necessary paperwork, undergo any required due diligence checks, and have the account fully set up. However, the exact time frame can vary among different banks. It's recommended to contact specific banks for more precise information on their processing times.

To open a business bank account in Latvia, you typically need identification documents for the account signatories, proof of business registration, company documents, proof of address, and potentially additional information as per the bank's requirements. Contact the chosen bank for specific documentation and procedures.