Overview:Latvia used to be a prime offshore banking and commercial centre connecting Eastern and Western Europe. Following much political pressure in 2018-2019, Latvia is generally no longer an attractive jurisdiction to open an offshore bank account.Some exceptions would be
offshore e-commerce services, which have developed well in Latvia in recent years.
Target clients:Russia and CIS goods trading and personal investment companies, including offshore companies where UBO is from this region. Western European clients. One bank works with US clients.
Languages:English, Russian.
Specific features:- Russian internal passports accepted for clients who do not have international passports.
- Wide network of rep offices in Russia/CIS territory.
Plastic cards:Visa and MC full range.
Documents and Account Opening Process:- Standard set of documents with apostille, plus proof of address.
- Proof of source of funds.
- Bank reference not required.
Deposit requirements:No minimum.
For further information on procedures and fees for opening your Latvian offshore bank account, contact Offshore Pro Group today! 
