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  1. Business customers
  2. Accounts for businesses
  3. Temporary account

OPEN A TEMPORARY ACCOUNT REMOTELY

Have you begun registering your business and now need to make the equity payment? Save time and open a temporary account remotely.

Fill in an application

What is a temporary account and why is it necessary?

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process.

4 simple steps to founding a business

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Begin registering your business

in the Enterprise Register
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Open a temporary account

fill the application and make your equity payment
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Finalise the registration process and submit a printout of the payment

to the Enterprise Register
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Open a permanent account

Apply remotely
icon

Begin registering your business

in the Enterprise Register
icon

Open a temporary account

fill the application and make your equity payment
icon

Finalise the registration process and submit a printout of the payment

to the Enterprise Register
icon

Open a permanent account

Apply remotely

Temporary account

Taken the first steps in launching a business and now need a business account? We have worked to ensure that opening one is as simple as possible. Open a temporary account remotely*:

  • Fill in an application to open a temporary account.**
  • Once your temporary account is open, you will receive an electronically-signed letter from the bank by email, in which we will give you your temporary account number.
  • Make your equity contribution electronically.
  • Once you have founded your business, transfer your temporary account into a permanent account remotely.
Fill the application

* Remote opening of a temporary account is only available for newly established companies in the Republic of Latvia with up to five founders, all of whom are natural persons and residents of the Baltic states.

Illustrative image with the manakabata.lv logo.
Illustrative image with the manakabata.lv logo.

Become a Citadele business client and take advantage of a great offer from manakabata.lv.*

  • Individual tax consultation online for free.
  • Company accounting services for 1 month for free.
Learn more and apply

* You will receive the discount code by email after signing the agreement with the bank. This offer is a bonus for new clients, and its use is optional. Citadele takes no responsibility for the quality, content, or any consequences that may arise from using the manakabata.lv services. The offer is valid until 30.11.2025.

Frequently Asked Questions

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You can find out the NACE code which matches your economic activity here: Catalogue of statistical classifications

A Foundation Decision/Contract is a crucial aspect of founding a business. It should include the planned name, equity amount and how it will be paid, as well as the founders and board members. It includes information about the business and its operations. 
You can find out more or view document examples here: Registering a SIA in the Enterprise Register.

Only newly-founded companies from the Republic of Latvia with up to five founders, all of whom are private individuals and residents of the Baltic states, can open a temporary account remotely.

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process. It is not a current account, and it cannot be used for other incoming or outgoing payments apart from the equity payment.

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process.

Please note that share capital can only be made via electronic transfer. Cash deposits to the temporary account are not available.

The equity must be transferred electronically from the founder’s personal account to the temporary account. When making the transfer, indicate "Equity Transfer" in the payment purpose. Please note that cash deposits to the temporary account are not allowed.

Depending on how many applications we receive, we will review and give you an answer on your application wihin 1-3 business days. 

You can submit a payment confirmation for the account from which you transferred the money, or you can ask us to issue a statement on the payment. Commission fee for the preparation of the statement is according to the bank's price list.

You can check the name of your business heret www.ur.gov.lv/lv/.

You can find out the NACE code which matches your economic activity here: Catalogue of statistical classifications

A Foundation Decision/Contract is a crucial aspect of founding a business. It should include the planned name, equity amount and how it will be paid, as well as the founders and board members. It includes information about the business and its operations. 
You can find out more or view document examples here: Registering a SIA in the Enterprise Register.

Only newly-founded companies from the Republic of Latvia with up to five founders, all of whom are private individuals and residents of the Baltic states, can open a temporary account remotely.

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process. It is not a current account, and it cannot be used for other incoming or outgoing payments apart from the equity payment.

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process.

Please note that share capital can only be made via electronic transfer. Cash deposits to the temporary account are not available.

The equity must be transferred electronically from the founder’s personal account to the temporary account. When making the transfer, indicate "Equity Transfer" in the payment purpose. Please note that cash deposits to the temporary account are not allowed.

Depending on how many applications we receive, we will review and give you an answer on your application wihin 1-3 business days. 

You can submit a payment confirmation for the account from which you transferred the money, or you can ask us to issue a statement on the payment. Commission fee for the preparation of the statement is according to the bank's price list.

You can check the name of your business heret www.ur.gov.lv/lv/.

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