Baltikums Bank

Baltikums Bank (Latvia)

  About the Bank
Baltikums Bank is an international private bank that provides a wide range of financial and advisory services, including tailor-made solutions for high net worth individuals and businesses, assisted by its Client Relationship Directors (CRDs). The Bank has its Head Office in Riga (Latvia) and representative offices throughout the EU and CIS, maintaining a global network of reliable partners. Baltikums has been engaged in the investment business since the beginning of private enterprise in Latvia in the 1990s. By the late 90s, Baltikums had established itself as a dynamically expanding financial and insurance business in the Baltics, having 20 offices and a staff of more than 300. The bank employs 300 staff, including more than 50 private bankers with extensive banking experience and a profound understanding of our customers’ business. In early 2013, the Bank has introduced an efficient stock trading platform.
WHAT BALTIKUMS BANK OFFERS:
  • Full range of banking services.
  • Multicurrency accounts
  • Multilingual customer support
  • Internet-banking, Telephone Banking, Video Banking
  • MasterCard Debit/Credit cards (including World Business and Platinum Cards)
  • Documentary Operations
  • E-commerce services
  • Wide net of correspondent banks.
  • 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.
REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH BALTIKUMS BANK
  • A face-to-face meeting is not required.
  • No minimum balance.
  • Initial deposit of EUR300.
  • 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.
  • U.S. citizens or residents are not accepted for account opening.
DOCUMENTS REQUIRED
  • 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 Lawyer's/Banker's/Accountant's reference letter dated within 3 months.
  • Personal CV
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. citizens or residents are not accepted for account opening.
REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH BALTIKUMS BANK
  • Personal presence is not required.
  • No minimum balance
  • Initial deposit of EUR300
  • 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.
  • U.S. companies or citizens are not accepted for account opening.
DOCUMENTS REQUIRED 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 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 Lawyer's/Banker's/Accountant's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
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.
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. companies or citizens are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
First you have to know the banks website: http://www.baltikums.eu/en How to open the account: Please click on the apply button and follow the instructions from the bank here: Personal: http://www.baltikums.eu/en/open-account/private Corporate: http://www.baltikums.eu/en/open-account/legal After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered. Your new Offshore bank account is from then on fully usable. Important notes: If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account. As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you. For further questions regarding your account opening we ask you to contact the customer care center directly of the bank via: http://www.baltikums.eu/en/locations/