In a couple of months changes in Latvian legislation, providing the most favorable regime for international holdings will become effective. Amid positive expectations, pessimistic views of a number of “experts” arise on perspectives of transformation of Latvia in the “new Cyprus” and on stability of new tax policy. One other thing is true: Latvia will have a chance of attracting thousands of investors – the way Cyprus, Malta, Luxembourg and other European neighbors have already done.
Rietumu Bank, the largest private bank in Latvia, has been awarded the 2012 SPEAR’S Russia Wealth Management Award. The award was granted in the category “Best Bank in the CIS and Baltic States providing private banking services and wealth management for Russian customers”.