The second phase of the reduction of the share capital may be initiated after the expiry of the period of application of creditors' claims and the claims have been secured. The application may be made not less than one month from the date of publication of the notification and not later than 6 months after the decision on the reduction of the share capital has been taken.

Documents to be submitted:

• Application Form KR18
• New version of the Statute (to be certified)
• Text of amendments to the Statute
• A receipt or a copy thereof, or a printout of an online bank payment, or information on the payment of the State fee

Deadline for the submission of documents to the Enterprise Register: 14 days after the expiry of the deadline for the application of creditors' claims and the claims have been secured, not later than 6 months from the date of the decision on the reduction of share capital.