After the deadline for claiming creditors - from 1 to 3 months (according to the deadline specified in the first phase of liquidation) - if there are no creditors, the second or final phase of liquidation may be carried out in the Enterprise Register.

Documents to be submitted:

• application form KR14;
• the financial statement of the closing of the liquidation;
• a plan for the distribution of the remaining property of the company (if any);
• opinion of the auditor (if the audit was carried out).

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

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

Informative auxiliary materials:

How to eliminate SIA (I), LV portal, 02.06.2016.

How to liquidate SIA (II), LV portal, 03.06.2016.