- Protected up to an equivalent of €100,000
About BlueOrange Bank
BlueOrange Bank was founded in 2001 and is headquartered in Riga, the capital of Latvia. BlueOrange focuses on modern, user-friendly banking combined with individual service. BlueOrange aims to be the first to respond to changes in international business in order to offer its clients the most effective and advanced banking products.
The bank is the ninth largest bank in the country in terms of assets under management and its main clients are companies engaged in international trade or acting as holding companies. BlueOrange has a core capital ratio of 14.61% and a total capital ratio of 20.01% (as at 30 June 2017).
The Latvian Deposit Protection Fund guarantees the security of deposits up to the equivalent of EUR 100,000 per customer.
With BlueOrange you can open and manage your deposit(s) 100% online.
Tax process and documents
Standard Latvian witholding tax of 20% applies on savings deposits held at BlueOrange Bank. This can easily be lowered to 10% by providing BlueOrange with a Certificate of Tax Residency from Revenue.ie as well as an additional residence certificate which we will send to you. These will need to be submitted 4 weeks before maturity and are valid for 5 years.
An electronic order in online banking is sufficient for opening and renewing the account.