Secrecy, Privacy and Freedom historically have been major reasons for banking overseas. There are many other reasons for it - to hide money from an alcoholic spouse, sponging and nosy relatives, government's watchful eye, to spend money overseas (as much as you want and nobody knows), or just preferring to have your affairs transacted in private, with no record anywhere, 24 hours per day without leaving your home. The right of law-abiding citizens and companies to protect their financial privacy from private and governmental prying has been seriously eroded in many countries. Note that Switzerland is not an exception now. Common on-shore banks can't ensure confidentiality to their clients. On the other hand, banking with an offshore bank, you can not count on safety of your funds as offshore banks with attractive names are often too small and owned by offshore companies with $ 1000 of declared capital and $ 1 of deposited one.

Presently Latvia is the most attractive country for banking in silence as it has strict confidentiality laws protecting financial privacy of companies and individuals. Latvian banks combine safety of common reliable banks with secrecy of offshore banks.

Account you can set up now has the following advantages:

• You can set up an account without coming to the bank.

• All the information concerning account and account owner is strictly confidential and can not be reported by the bank to any third parties on the ground of their request.

• You can open either private or corporate account.

• Opening an account, you can code it, i.e. give it any name you want. Thus, if your name is John Smith you will be able to name your account "Donald Duck" for example. If you want to open a corporate account you can code it, too. One owner can have several coded accounts with different names.

• You can choose the way to receive statements of account yourself: by fax, by mail or by e-mail; every day, once a week, once a month, once a year or don't receive it at all.

• Any client's account is a multi-currency account, i.e. funds in any currencies might be held on the account simultaneously. A client may request the Bank to convert funds transferred into the account into the currency that he prefers (he mainly uses it in business transactions or considers less subjected to inflation).

• Safe remote banking tools allows the clients to manage their accounts and to make use of a full range of the bank's services from anywhere in the world via Internet, using a personal computer, or by fax. The use of a unique table of keys provides the safety of remote banking.

• The important thing to look for in your bank is that it offers debit cards or cash cards so you can withdraw your money at any ATM around the world as long as your card is connected to one of the world wide card networks such as Visa, Cirrus or Maestro.

• There is no minimum balance requirement.

• There is possibility to deposit cash.

• Latvian banks have advanced network of correspondent relationship with banks in Western Europe and North America in order to provide quick transactions in different currencies.

Please don't hesitate to email us if you have any questions concerning banking with Latvian banks or opening an account. Phone +420-603757771