Short Story about Latvian Banks
Latvia is a European country and is an independent coutry since 1990. Thanks to a smart politics of Central Latvian Bank there is a very stable bank system in the country. The number of Latvian banks hasn't been changed since 1996. National currency is LAT.
Many economists think that this is one of the most stable currency in Europe. One lat costs around $1.63.
Latvian banks have a wide network of intermediary bank accounts over the world. Any transaction (in USD, EUR, LAT, RUR, etc.) they process in less than 24 hours.
There are several banks in Latvia that we recomend to use:
- Lateko Banka (http://anonym.to/?http://www.lateko.lv/)
- Aizkraukles Banka (http://anonym.to/?http://www.ab.lv/)
- Hanza Banka (http://anonym.to/?http://www.hanzanet.lv/)
- Parex Banka (http://anonym.to/?http://www.parex.lv/)
Each of these banks has an address in SWIFT and is a registered member (principal or affiliate) of VISA International and Europay. They are located in Riga - capital of Latvia. They have official offices or affiliate consulting companies in Russia and Ukraine.
When your partners send money to your account in, say, Lateko bank, they have to send this info to their bank (remitter's bank):
Beneficiary: Software Company LLC
Bank: Lateko Bank
SWIFT: LATBLV22
Account#: 2040089678
Bank address: 21 Birznieka Upisha St., 1011 Riga Latvia
Latvian banks, as all other European banks have individual and corporative accounts. To register/open a corporative account you have to register a company first. It doesn't matter where the company is registered - any offshore or "onshore" region.
1. How you withdraw money from your account?
The easiest way to convert your funds into cash is to use ATM cards (Cirrus/Maestro or VISA Electron). They don't have any limits for ATM withdrawals or purchases. You will be able to take, say, $50,000 from ATM or more.
2. Who can freeze or close the account?
Your account won't be closed because of fraud. You can receive money from any sources you want (fake sales at auctions, billings, merchant accounts, hacked bank accounts, etc.) Only Latvian cops will be able to close or freeze your account or the bank. You have to work with amounts less than $100,000 and you won't have any problems.
3. How you send outgoing wire transfers from this accounts?
To send funds from the account by wire transfer you will have to use special secret words or "digipass". Only you will have these words and digipass. Nobody else will be able to use your funds. You will pay $20 for each outgoing transfer. Incoming wire transfers are free.
4. Can you receive payments from credit cards to this account.
No. This is just a checking account. Not a merchant account. You are able to receive ONLY wire transfers.
5. Should I pay some fees and/or taxes?
You will pay about $8.00 per month for Internet banking and no taxes at all, unless your company is registered in Latvia. You have to pay taxes in the country where your business is registered.
Main purpose of the account in Latvian bank is to receive payments from other "dirty" accounts in other banks and hold them for some time. Latvian banks are rather safe and secure. They won't do anything with your money, unless you do one of the following:
- child porno
- online blackmailing
- offline terrorism
Guys, stay away from these businesses
