The second stage of reduction of fixed capital may be commenced when the time period for submission of creditors' claims has expired and the claims have been secured. The application may be submitted not earlier than one month from the date of publication of the notification and not later than 6 months after the adoption of the decision to reduce fixed capital.

^{* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.}

Documents to be submitted:

• application form SE2;
• the new version of the Statutes (signatures to be certified);
• the text of the amendments to the Statutes;
• a questionnaire for inclusion of information in the Register of natural persons (to be signed by the foreigner himself or herself with a secure electronic signature in order to submit electronically; if there is no secure electronic signature, this document shall not be submitted) of a foreigner (foreigner) who has a legal link with Latvia on the basis of which mutual rights and obligations in the field of commercial activities and taxes are formed or have developed, but no personal identity number of the Republic of Latvia has been granted;
• a receipt or a copy thereof, or a printout of an Internet bank payment, or information regarding payment of the State fee.

Deadline for submission of documents in the Enterprise Register: 14 days from completion of all activities.