Rietumu Bank

Rietumu Bank(Latvia)

Offshore Banking solutions can assist you with international company, corporate bank account with free e-banking facilities for managing your daily business banking needs, saving purposes with Rietumu 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: $550

Bank Products and Services

Business Debit/Credit Visa Card: $100

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

Important information about Rietumu Bank

About Rietumu Bank

Rietumu Bank is one of the largest Bank in Baltic States, well represented on global market and provides wide range of services (including multicurrency accounts and premium cards) to clients from EU, Russia and CIS countries.

Rietumu bank is one of the first private banks in Latvia

Over 20 years of operation in the Baltic States, Russia, Ukraine, Belarus, and numerous European markets. Representative offices in France, Russia, Romania, Ukraine, Belarus and Kazakhstan.

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

Facilities offered by Euro Bank
  • Full range of banking services.
  • Multicurrency accounts
  • Multilingual customer support
  • iRietumu - modern internet-bank in English, Russian and French
  • MasterCard/Visa Business, Gold and Platinum.
  • 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.
  • 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).
  • Favourable 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.
Bank Tariffs/ charges
  • Rietumu Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance.
  • The incoming payment charge is nil and the outgoing payment charges vary from EUR 2-EUR 10, depending on the currency and how the transfer is made.
  • The account maintenance fee for a corporate account can vary from EUR 20-EUR 50 per months, depending on the country of company incorporation.
  • The fee for low-active accounts or inactive customers will be EUR 200 per month.
  • 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
Note:
  • U.S. companies/U.S. citizens or residents are not accepted for account opening.
  • Documents that are not in English must be accompanied by a certified translation.
  • 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 approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.
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