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

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

July, 2013

Last contact

October, 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
rating
Beginning of cooperation
July, 2013
Last contact
October, 2024
Last update
August, 2024
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General information and rating
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
    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
    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
    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

    Banks of Latvia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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