Citadele Bank

Citadele Bank (Latvia)

  About the Bank
Citadele is a full-service financial group for both private individuals and companies offering complete portfolio of banking, financial and private capital management services in its home market Latvia and through its international presence. Citadele group is represented in the Latvian market as well as in 7 other countries. International network outside Latvia includes: Client service centres and representative offices in Estonia, Lithuania, Kazakhstan, Ukraine, Russia, Belarus and subsidiary in Switzerland Citadele Bank operating a total of 37 branches and client service centres in Riga and throughout Latvia. The Bank is the parent company of the Group. Citadele Bank is the only collaboration partner of American Express in Latvia and Lithuania who is entitled to issue American Express credit cards. In 2012 the bank was recognized as the best-governed state-owned enterprise in the Baltic States according to a study conducted by the Baltic Institute of Corporate Governance.
WHAT CITADELE BANK OFFERS
  • Personal and Corporate accounts
  • Internet banking
  • Phone banking
  • Multicurrency accounts
  • Visa Debit/Credit, Virtual Cards
  • Multilingual customer support
  • The approximate timeframe for account allocation is 5 to 7 days after the original documents have been received by the bank.
REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH CITADELE BANK
  • Personal presence is NOT required
  • NO minimum balance
  • NO initial deposit
  • Due to bank regulations, the account cannot be opened for legal entities or individuals who are residents of USA.
  • 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.
REQUIREMENTS FOR OPENING AN INDIVIDUAL 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 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. Due to bank regulations, the account cannot be opened for legal entities or individuals who are residents of USA. 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.
REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH CITADELE BANK
  • Personal presence is not required
  • No minimum balance
  • No initial deposit
  • Due to bank regulations, the account cannot be opened for legal entities or individuals who are residents of USA.
  • 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.
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. Due to bank regulations, the account cannot be opened for legal entities or individuals who are residents of USA. 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://west.citadele.lv How to open the account: Please download the opening forms and follow the instructions from the bank here: http://west.citadele.lv/en/services/forms/ 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: E-Mail: [email protected] Tel: +371 6 701 0000 (24h service)