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Temporary account

Temporary account

For the transfer of share capital for newly established enterprises

  • Remote opening with e-Signature
  • Receipt of the certificate confirmed by e-Signature
  • Easy transformation from the temporary account to a permanent current account in a video meeting

We offer to newly established enterprises to open a temporary account for the transfer of share capital before registering the enterprise into the Enterprise Register. After registration of the enterprise you can transform the temporary account to a permanent current account and begin to freely use the money in the account. 

Learn about a special offer and opportunities for newly established enterprises in SEB.

If you don't have the possibility to open temporary current account remotely using e-Signature, please apply for a consultation in person.

With e-Signature:

You can remotely open the temporary account of 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.

  1. Fill in the application for the opening of a temporary current account. Please make sure that you have filled in all mandatory fields in the application.
     
  2. Sign the completed application, as well as the company foundation agreement or decision on the foundation of the company with your e-Signature.
     
    Email 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 current account with the bank to the email address: .
     
  3. You will receive a confirmation of receipt of the application by the bank to your email address. The temporary current account will be opened within one business day, and a certificate signed electronically by the bank with the number of the temporary current account specified therein will be sent to your email address.
     
  4. Verify the e-Signature: Upload the certificate signed electronically by the bank to the portal www.eparaksts.lv and verify the e-Signature.
     
  5. Transfer the amount of the share capital as well as the commission fee for the opening of the temporary current account to the newly opened temporary current account via internet banking.
     
  6. After payment of the share capital and the commission fee, send a message with a request to issue a certificate confirmed by the bank on the contribution of the share capital of the company to be founded to the company’s temporary current account to the email address
     
  7. Within one business day, you will receive a certificate signed by the bank on the payment of the share capital to the email addressed specified in the application

You can open a temporary current account at any branch of SEB banka, by 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 person authorised to carry out the said activities;
  • A document proving the identity of the representative - his/her passport or ID card.
  In force from In force to
Application for temporary current account agreement signing electronically (LAT)
25.05.2018
In force
Temporary current account agreement terms and conditions (LAT)
13.02.2017
In force
Services Fees
Opening 15.00 EUR
Servicing per month Free of charge
Transforming into the Current account Free of charge
Closing Free of charge

Which companies need to open a temporary account?

It is necessary to open a temporary account for SIA (Llc) with a share capital of 2.800 EUR and above, as well as AS (plc) and cooperative societies, etc.

SIA with a small share capital don't need to open a temporary account if the company can certify the payment of the share capital in full amount in accordance with the procedure laid down by the Enterprise Register.

To read the full information on the procedure of foundation of companies in the Republic of Latvia, please visit the website of the Enterprise Register.

Which functions can be carried out in a temporary account?

The share capital of the company can be transferred to the temporary account. The company will be able to use the transferred share capital after its registration and the transformation from the temporary account to a permanent current account.

In which currency can a temporary account be opened?

Only EUR, because share capital shall be transferred in the national currency.

Can a temporary account be opened remotely?

A temporary account can be opened during a video meeting using the authorisation tool Qualified Smart-ID.

However, if you need to meet a specialist in person, Apply for a meeting in Latvian branches or Book a meeting time in Riga branches.

What happens to the temporary account after the registration of the company?

transformed into a permanent current account. It is easy to do it remotely – in a video meeting, during which you will need to sign the contract on current account using authorisation tool Qualified Smart-ID.

However, if you need to meet a specialist in person, Apply for a meeting in Latvian branches or Book a meeting time in Riga branches.

Which documents are required to open a temporary account?

  • 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 person authorised to carry out the said activities
  • An identity document of the representative - passport or ID card.

 

Have to visit a branch?

In Riga branches we offer to book specific meeting time that fits your schedule.

Entrepreneur service plans

Beneficial package of services for everyday transactions

Contacts

  • +371 26668777
    +371 67779988

    Block payment card and internet bank

    24/7

    Other questions

    Private customers

    Mon - Fri 08.00 - 21.00
    Sat, Sun and holidays 10.00 - 18.00

    Business customers

    Mon - Fri 08.30 - 18.00

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