After satisfying the claims of creditors or covering the costs of deposit and liquidation of money intended for them, the liquidator shall prepare the financial report of the closure of the foundation and divide the remaining property of the foundation among persons who have the right to such property in accordance with the articles of association, unless otherwise specified in the law

After distribution of the remaining property of the foundation, the liquidator shall submit an application to the Register institution regarding completion of liquidation.

^{* 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 B9;
• the financial statement of the closure;
• if the application is submitted by 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).

Before you apply for the removal of the rightholder from the register, make sure that all obligations with the State Revenue Service have been settled. Prior to exclusion of the foundation, the Enterprise Register shall electronically request a relevant statement from the State Revenue Service. If the State Revenue Service provides a reply that all debts have not been settled or all necessary reports or reports have not been submitted, the Enterprise Register will postpone the exclusion of the association from the Register and set a time period for rectification of deficiencies.