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ABLV Bank, AS 23 Elizabetes Street Riga, LV-1010, Latvia |
Tel: +371 6777 5222 Fax: +371 6777 5200 Client line: +371 6777 5555 E-mail: info@ablv.com www.ablv.com |
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ABLV Bank, AS 23 Elizabetes Street Riga, LV-1010, Latvia |
Tel: +371 6777 5222 Fax: +371 6777 5200 Client line: +371 6777 5555 E-mail: info@ablv.com www.ablv.com |
Our lawyers will help you in solving various issues — from drawing up small agreements and up to the management of complex projects.
Due to wide partner network worldwide, we are able to provide professional and comprehensive advice on international law, and our stringent confidentiality requirements ensure you necessary comfort level.
Our lawyers have extensive experience in legal support of projects on buying and selling real estate, equipment supply, service delivery and trade operations. In addition, they will provide you competent support in solving various legal issues and render other necessary legal services, such as assistance in buying or selling a business, advice on legislation issues, drafting of model agreements, etc.
Besides legal advice, we also offer you tax advice and administrative services for business or project management.
Contact your private banker to receive more detailed information.
A residence permit allows travelling in Schengen area without visa. Moreover, you don’t need to stay in Latvia permanently to maintain the residence permit.
The process of acquiring real estate and movable property (yachts, boats, planes) is usually complex and varies in different jurisdiction.
As the object of the required investment the client chose real estate. According to the criteria outlined by the client, we picked out an excellent apartment in Jurmala and completed the necessary documents to obtain a residence permit.
Two months after the first discussion of this issue with us, the client and his family have received the desired status. Now they are free to travel around Europe and always have the opportunity to stay in their apartment in the beautiful resort town on the Baltic coast.
Head of Private Banking Department West
To pay the entire amount of the purchase the client planned to use money got from the sale of his property in Jurmala. Both copies of the sales agreement were already signed, but due to unforeseen circumstances, there was a delay in the client’s obtaining of one million euro as the security for the sale of his property. By that time the deadline for the remaining amount for the purchase of the property in Nice came; otherwise the client risked losing his pledge.
We were in the full control of the deal with Jurmala property sale, and we knew when the client would receive the money. So we gave him an unsecured overdraft in the amount of $ 500 thousand euros short. The loan was approved by the Credit Committee and issued to the client within two hours.
The same day the seller in Nice received the money.
Head of Private Banking Department Latvia
