Bank of Latvia issues Velvian SIA a license for payment institution activity

Companies wishing to obtain a Latvijas Banka license are invited to use the licensing guides prepared by Latvijas Banka, which contain detailed information on the licensing process and requirements, including what documents need to be prepared and submitted to Latvijas Banka, application review periods, and other information.

To ensure a smooth licensing process, Latvijas Banka invites companies to use pre-licensing consultations. During these consultations, Latvijas Banka experts advise companies on applicable regulations and initially assess the company's compliance with regulatory requirements. Collaboration during the pre-licensing phase helps companies prepare high-quality applications for obtaining a license. Consultations can be applied for on the Latvijas Banka website.