"Offshore Bank in Latvia"

Offshore Banking in Latvia Non-UK Banking And Bank Accounts, now you can open an account in Latvia a great financial center for expats and non residents customers.

This Latvian bank offers private bank accounts and a full range of payment cards. The minimum opening deposit / fee is €150. Secured MasterCard and Visa credit cards are also available.

There are over 20 banks in Latvia, this website www.latviabankaccount.com  can help you choose a bank an open an account for non residents. 

Why to Use Offshore Banks

First of all let’s define what an offshore bank is. Broadly speaking the term “offshore banking” refers to all banking institutions available in jurisdictions other than the depositor’s home country, but a widespread common understanding of that is a banking institution located in a tax-haven jurisdiction.

Offshore banks operate on the same principles as any other bank in your home jurisdiction but frequently offer extra benefits.

Advantages of Offshore Bank Accounts

Most offshore bank account jurisdictions are politically and economically stable and have prudent, sound and reliable banking regulations, thus providing a depositor or investor with a number of benefits including but not limited to:

• substantial asset protection against pending lawsuits, extraordinary home tax burdens and results of ramifications of a local unstable government;
• increased privacy and confidentiality of banking; financial institutions in private jurisdictions do not report customer account information to any foreign governments, they leave it on the customer’s disposal;
• relaxation of restrictions with respect to the types of accounts available to depositors;
• banking in multiple currencies at reduced rates;
• substantial decrease in tax liability;
• lower bank fees and charges amounting to lower operational business costs;
• convenient internet-banking providing an instant access to account information and complete remote control allowing one to manage international transactions easily.

It is important to select a proper jurisdiction and a bank institution, which will be different for each particular scenario.