MAGMA Opens New Representative Office in Riga, Latvia
Alongside our headquarters in Mauritius and existing representative offices in Tajikistan and Cyprus, the new Riga office will serve as a strategic gateway to Northern and Western European markets.
We’re excited to share some important news — MAGMA, a Mauritius-registered payment company, has officially opened a new representative office in Riga, Latvia. This expansion strengthens our presence in Europe and brings us closer to our clients and partners across the continent.
Riga is an ideal location for MAGMA’s growth. As the largest financial center in the Baltic States, Riga boasts a robust regulatory environment, excellent infrastructure, and a rich history as a trading and financial hub dating back over 800 years. Founded in 1201, Riga was a key member of the Hanseatic League — a medieval alliance of merchant cities that fostered trade, finance, and economic cooperation across Northern Europe. This legacy laid the groundwork for Riga’s modern role as a vibrant financial center, home to numerous banks, fintech firms, and the Baltic Stock Exchange.
Our new office enables MAGMA to offer more personalized and accessible service to European clients and agents. We invite businesses to meet our local team and discover how MAGMA’s innovative payment solutions can support international operations.
What MAGMA offers:
Remote account opening designed for international businesses
Payment options including SWIFT, SEPA, and other global networks, supporting over 100 currencies
A modern, easy-to-use online dashboard for account management
Dedicated customer support tailored to each client’s needs
Competitive currency conversion rates
Full segregation of client funds in trusted financial institutions, ensuring the highest security and availability
MAGMA serves a wide variety of industries, excluding some high-risk sectors such as arms and oil & gas, and strictly complies with all applicable sanctions and regulations.
We’re enthusiastic about the opportunities ahead and look forward to growing our presence in Riga and beyond. For inquiries or to arrange a meeting, please contact us at +371 20421762.