After expiry of the deadline for the submission of creditors' claims - from 1 to 3 months (in accordance with the deadline indicated in the first stage of liquidation) - if there are no creditors, the SIA may perform the second or closing stage of liquidation in the Enterprise Register.

^{* 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 KR14;
• financial statement of the liquidation closure;
• plan for distribution of the remaining property of the company (if such has been drawn up);
• auditor's opinion (if auditor's audit was carried out).

Time period for submission of documents in the Enterprise Register: 14 days after distribution of the remaining property of the company.

Liabilities with the State Revenue Service must be settled before submitting documents to the Enterprise Register. After receipt of the documents, the Enterprise Register shall request a statement from the State Revenue Service regarding fulfilment of the obligations of the company. If all obligations with the State Revenue Service have not been fulfilled, the Enterprise Register may not exclude the merchant from the commercial Register.

Additional information material:

How to eliminate SIA (I), LV Portal, 02.06.2016

How to abolish SIA (II), LV Portal, 03/06/2016