Norvik Bank

Norvik Bank (Latvia)

Offshore Banking solutions can assist you with international company, corporate bank account, and Personal Bank account with free e-banking facilities for managing your daily business banking needs, saving purposes with Norvik Bank in Latvia.  The bank offers secure banking from the comfort of your home. Access funds globally through your own card and save money on global FX.

About this Product

Package Services

Corporate Bank Account opening fees with E-Banking facilities: $500

Personal Bank Account opening fees with E-Banking facilities: $450

Bank Products and Services

Business Debit/Credit card: $100

Credit/debit MasterCard: 0$

Additional Credit/debit MasterCard: $100

Shipping Cost: It will be charged extra on actual basis.

Important information about Norvik Bank

About Norvik Bank

Norvik Bank is one of the oldest commercial banks in Latvia and provides wide range of services to clients from EU, Russia and CIS countries.

The bank provides a wide range of banking services to a vast set of customers – from natural persons to international industrial companies. 

The Bank’s capital adequacy ratio as of 30.06.2015 was 14.61% with the liquidity ratio at the end of the reporting period 63.76%. 

Having an international account is an essential step toward financial diversification.  Norvik Bank focuses on offering you an exceptional banking experience, while providing access to a global suite of products.

Facilities offered by Norvik Bank
  • Full range of banking services.
  • Multicurrency accounts.
  • Multilingual customer support.
  • Online Banking.
  • Mobile Banking.
  • MasterCard Debit & Credit.
  • International payments.
  • Fast money transfers by UNIstream - an international money transfer system which allows a natural person to effect money transfer without account opening within 15 minutes
  • Wide net of correspondent banks.
  • Payments in more than 90 different currencies.
  • Immediate currency exchange.
  • Deposits.
  • Credit Services.
  • Insurance.
  • The approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.
Bank Tariffs/ charges
  • Norvik Banka can be considered as low- or medium-cost bank with respect to account maintenance and bank transfer fees.
  • One-time account opening fee is EUR 250 and the account maintenance is free of charge.
  • International outgoing payment fees vary from EUR 15 to EUR 45, depending on execution day and other circumstances.
  • Incoming transfers are free of charge.
  • Bank tariffs/ charges may be changed anytime at the sole discretion of the bank, we therefore suggest contacting us or visiting the bank’s website for updated details on specific fees and charges.
  • Our professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

Documents requirements

Corporate Bank Account
  • For the Company:
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)
  • 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 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.
For each director, shareholder, secretary, authorised 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 Banker's reference letter, dated within 3 months Power of Attorney (where applicable)
  • Personal CV
Personal 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 Banker's reference letter dated within 3 months.
  • Power of Attorney (where applicable)
  • Personal CV
Note:
  • Documents that are not in English must be accompanied by a certified translation.
  • U.S. residents or citizens are not accepted for account opening.
  • Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.
Certification Requirements:
A certified document copy is a copy (often a photocopy) of a primary document that has on it an endorsement or certificates that it is a true copy of the primary document. All certifications should meet the below standards:
  • Document certifications for individuals should be dated within 90 days of submission
  • Document should be stamped or sealed by certifying agent
  • Must contain the name, contact details, and signature of certifying party
  • Contains language similar to: “This is a true copy of the Original”
  • Any signatures and stamps should be clear, legible and in dark ink so that all relevant detail is visible on the scanned document
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.
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