The 60-second version
Latvian brokerage wind-down needs sell holdings, VID tax summary, depot closure letter, and EUR SWIFT to NRE before India residency.
VID capital gains before wire — Baltic broker tax summary
Latvian depot triggers capital gains on sale — broker provides annual summary for VID.
Sell EUR-denominated ETFs before closure — wire proceeds to NRE.
Baltics: Lithuania bank guide.
Latvian brokerage wind-down
| Broker | Tax doc | Step |
|---|---|---|
| Swedbank IB | CG summary | Sell + close |
| Luminor | Annual cert | Zero holdings |
| Linked bank | EUR | Close after depot |
Closure
Sell
Liquidate holdings.
Tax settle
VID/broker summary.
Wire EUR
SWIFT to NRE.
Close depot
Termination letter.
Flow
Latvia brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
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e-residency
OÜ holding company depot needs Estonian/Latvian tax clearance — not retail guide.
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What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
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Keep EU ETF?
Schedule FA — most close LV depot.
Form 67?
If same gain taxed India same FY.
US person FBAR?
Latvian accounts in USD 10k aggregate.
Dividend WHT?
LV withholding — treaty relief via Form 67.
Swedbank LT same?
Separate entity — Lithuania bank guide.
Interactive Brokers?
US reporting lane if US person.
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