After another account in Armenia was blocked, I decided to take no more risks and register company in Latvia . I spent half a day reading horror stories on forums, then found one sensible article on registering a company in Latvia: it was clear, no nonsense, and explained that everything is now online, transfers are almost unnecessary, and the authorized capital is minimal. I put together the necessary documents in an evening, submitted the application on Friday from Yerevan, and opened an account with Wise for Business on Tuesday. Save this page—it's truly a gem.