How to open a bank account in Incognito Bank (Latvia)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

July, 2013

Last contact

December, 2024

Last update

August, 2024

opens current accounts;
the bank specializes in providing services to non-residents, incl. offshore;
there are no minimum balances requirements;
to open an account, a personal meeting with a potential client is mandatory;
the term for opening an account – case by case (check with the consultant)

GSL rating

Beginning of cooperation

July, 2013

Last contact

December, 2024

Last update

August, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

4 678

Global rating

13

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1991

History

The bank was founded in 1991. For the last 10 years, he has specialized in servicing non-residents, incl. offshore companies. In 2010, a branch of the Bank was opened in Cyprus

Personnel

The Bank employs over 60 employees. Service takes place in English

Confidentiality

Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

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Minimum requirements

100 000

Minimum balance, €

No restrictions

Transactions permitted per month

100 000

Initial deposit of funds, €

1

Deadline for the initial deposit, month

Minimum balance, €

Minimum account balance requirements - from EUR 100 000

Transactions permitted per month

The bank does not set limits on the allowed number of transfers

Initial deposit of funds, €

The down payment is equal to the minimum balance

Minimum turnover, €/year

There are no minimum turnover requirements

How fast payments are executed

Same day or next day

Tariffs and services

N/A

Outcoming transfer, €

0

Incoming transfer, €

1 000

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Incoming transfer, €

The commission for crediting is not established by the Bank

Account maintenance, €/year

The Bank's commission for opening an account is EUR 500 in six months

Distant access to the account

Internet banking allows you to monitor and manage cash flows in real time. Possibility of connecting one DIGIPASS device (EUR 35)

Financial products

The bank presents a line of classic banking products: settlement and cash transactions, conversions, remote account management, deposits, check transactions, letters of credit, bank guarantees, credit services, brokerage services, fiduciary services. In addition, for private clients, the Bank offers services in helping to obtain a residence permit in Latvia

Account opening procedure

Days to open for incoming transfers

Case by case

Days to open for outcoming transfers

Case by case

References

Not necessary

Purpose of the account

Savings & current

Visit to the bank

To open an account, a personal meeting with a potential client is mandatory

Required

Full package of corporate documents; copy of the beneficiary's passport, account manager's passport, information on the company's activities and the beneficiary

Types of accounts

Current

Opening procedure and Due Diligence

It is possible to open an account without visiting the country where the bank is located

Chances to open an account

Predictable

Business description

Moderately detailed: along with a description of the business, it is necessary to provide information on the sources of origin of funds

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