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INTERNATIONAL OVERSEAS SERVICES offers you wide choice of possibilities for opening of accounts for non-resident companies - either with progressive and convenient Baltic banks, or with most prestigious banks in Western Europe, including those with the highest credit rating (AAA).
When choosing the most suitable bank, a company proprietor should, in the first instance, define the objectives of his or her non-resident company and in particular, the reason for opening a current account.
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| 1. | Carrying out frequent transfers on account of trading and other business operations. If the entrepreneur's business entails a great number of incoming and outgoing payments, then the most important criteria for choosing a bank as far as he or she is concerned are how efficiently transfers can be carried out and how conveniently the account can be managed. In that case, an important role is played by the electronic systems that the bank has developed for the remote management of accounts (INTERNET BANKING). The cost of subscription to these programs repays itself many times over by the facility they offer to make transfers and check the account balance ON-LINE. |
| 2. | Long-term investment of funds in the bank to secure the highest degree of safe custody. In the event that the entrepreneur considers safekeeping of the financial resources that he or she has already as the main objective, then the usual form of cooperation with a bank is the deposit. Accordingly, how safe the bank is and how much interest it pays on deposit accounts is of no small importance in such a case. Here, as a rule, there is a direct correlation: the higher the credit rating of the bank, the lower the percentage rate of interest payable on deposit accounts. For example, at banks with the highest credit rating (AAA), deposit interest will be relatively low, which is a consequence of the conservative investment policies followed by banks in this category. |
| 3. | Investment opportunities and independent management of funds for investment. Many entrepreneurs are concerned with how to make their resources, those that are not committed to their main business, continue "working", and yielding the highest possible return in comparison with standard rates of interest payable on normal bank deposits. If that is the case, the entrepreneur should open an account at one of the investment banks whose business it is to place client funds in the international investments, where they can obtain comparatively greater interest income. |
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Of course, the final choice of country and bank lies with the client, but at the same time, I.O.S. specialists can point to some factors of great importance to the entrepreneur that make the commercial banks in the Republic of Latvia especially attractive among the worldwide banking family, i.e.:
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| • | Given that Latvia is the financial centre of the Baltics, Latvian banks have great experience and a high degree of specialism in services for clients from both Eastern and Western countries. |
| • | Through their use of the most developed INTERNET technologies and remote-access systems, Latvian banks can offer account holders the facility to manage their accounts by a personal computer from anywhere in the world, whether from home, the office or even while travelling. |
| • | Latvian banks offer a service that is almost unique in the world - the use of multi-currency accounts, whereby customers can keep a great amount of different hard and soft currencies in the same account. |
| • | A pleasant combination of moderate charges for maintaining accounts and carrying out banking operations with high-speed completion of payment instructions. |
| • | Latvian banking legislation makes no distinction between local and foreign companies - the procedure for opening an account at a Latvian bank is no more complicated for a foreign company than it is for a local one. |
| • | Both local and foreign companies can access a full range of services at Latvian banks. |
