Open an offshore account


Latvia offers a high-quality services


Country Name: Latvia
Location: Europe
Best for: VAT

You will benefit from a comprehensive range of international banking services.

Why open a Bank Account in Latvia?

Latvia offers a high quality services. In practice, it has been shown that the time required for administrative formalities is the lowest in Latvia, compared to the countries of Eastern Europe, Central Asia, Germany and United States.

Moreover, according to the World Trade Organization, the exports in services of Latvia are twice as high as in imports.

Instant Results

Since the 1th of May, 2004, Latvia is a member of the European Union, which is a guarantee of security. Therefore the currency of the country is the euro. The last years has been influenced by a stabilisation policy that has allowed a sustained GDP growth of the country.

The Latvian economy now has stable indicators and an environment that is favorable to the exercise of a professional activity.

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Analysing Our Problem

Latvia has an interesting tax system, but the country is not a tax haven. The VAT, called PVN (Pievienotas Vertibas Nodokli) in Latvian is 21%. For certain categories of goods or services, the percent may fall to 12%.

The tax rate on foreign or resident companies is 15%, and 9% for micro-companies.

Thus, Latvia is paying attention to issues of tax fraud. It is also linked to France by a double taxation convention since 1997, to avoid tax evasion.

Creating A Custom Solution

  • Low withdrawal and account management fees
  • Extremely competitive rates for all services
  • A comprehensive range of international banking services
  • Extremely competitive investment solutions
  • A Visa card available upon opening your account
  • Very high cash withdrawal ceilings
  • Multi-currency accounts


The Results

Structuring your business for better financial performance.

Increase In Profits

Increase IN Security

Simplified reporting

Decrease in Operations

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About Latvia

Latvia, located in northern Europe, is one of the three Baltic states, bordered by Lithuania and Estonia. Latvia has almost 2.5 million inhabitants and has a strong cultural diversity, which is reflected in the linguistic diversity of its communities.

Russian is spoken by 33.5% of the population; 4.1% speak Belorussian; Ukrainian is practiced by 3% of the population; 2.2% speak Polish and 1.7% speak Lithuanian. Russian and English are the main languages ​​used in business.

Our Process

Identification of your needs, consultation.


Analysis and strategy development.


Fast and smooth service delivery.


Professional support.

CALAY Guarantee

CALAY Banking™, with its more than 20 years experience in offshore banking, can help you in this process and guarantee you the opening of an account quickly.