Temporary account
How to open a temporary account
You can remotely open the temporary account for the company to be founded, as well as make the required contributions and receive the bank’s certificate confirmed by e-Signature on the contribution of the share capital to the account for the submission thereof to the Register of Enterprises, along with the company’s foundation documents.
- Fill in the application for opening of a temporary current account.
- Sign the completed application, as well as the company foundation agreement or decision on the foundation of the company with your e-Signature.
- E-mail the application, the company foundation agreement or the decision on the foundation of the company, and the name of the person authorised to open a temporary account with the bank to: info@seb.lv.
- You will receive a confirmation of receipt of the application by the bank to your e-mail address. The temporary current account will be opened within two business days, and a certificate with the number of the temporary account specified therein will be sent to your e-mail address.
- Transfer the amount of the share capital to the newly opened temporary current account via internet bank.
- Make a payment printout from your internet bank as proof of the payment of share capital to the Register of Enterprises of the Republic of Latvia.
- If you wish to receive a certificate of payment of share capital confirmed by the bank, after the payment is made send a request by e-mail to info@seb.lv. You will receive a certificate to the e-mail specified in the application within two business days.
You can open a temporary account in a video meeting or at SEB customer service points after submitting the following documents:
- The foundation agreement or the decision on the foundation of the company and opening of a temporary account with the bank, and the name of the authorised person to carry out the named activities.
- A document proving the identity of the representative (passport or ID card).
More about the temporary account
Advantages
- Remote opening with e-Signature
- Receipt of the certificate confirmed by e-Signature
- Easy conversion to a permanent bank account via Internet bank or via video meeting
- The fee for a temporary account is not applicable if the account is opened remotely
| Service | Fee |
|---|---|
| Opening | 15.00 EUR1 |
| Servicing per month | Free of charge |
| Transforming into the Current account | Free of charge |
| Closing | Free of charge |
1 Opening of the temporary account remotely and transforming temporary current account to a permanent current account, fee for temporary current account is not charged.
If you need a statement on the share capital payment to the current account, an additional fee for preparing a standard statement will be charged.
More about the procedure of foundation of a company
If you are setting up a new business a temporary current account will be required for the payment of the share capital. Once the company is established, you can use it as your main account.
The opening of a temporary account is only possible for companies incorporated in the Republic of Latvia.
The website of the Enterprise Register of Republic of Latvia
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