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 day of publication of the notification on the information website of the Enterprise Register in https://info.ur.gov.lv and not later than 6 months after the decision to reduce fixed capital has been taken.

^{* 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 KR18;
• new version of the Statutes (signatures to be certified - or notarially or with a secure e-signature to be submitted electronically);
• the text of the amendments to the Statutes;
• a division of the register of participants (signatures shall be certified - or notarially, or with a secure e-signature in order to submit electronically);
• 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;
• if the particular type of service is not available on the e-services portal registrs.ur.gov.lv or the application is submitted via postal services, information regarding payment of the State fee shall be appended (receipt or a copy thereof, or printout of an Internet bank payment or free text information). Important! To make sure that the specific application is submitted electronically to the e-service registrs.ur.gov.lv, please search your service in the detailed list of services.

Time period for submission of documents in the Enterprise Register: 3 days from signing of the division of the Register of Participants, not later than after 6 months from the day when a decision regarding reduction of fixed capital has been taken