Company Formation in Mongolia

Company formation & entity choice for Mongolia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Mongolia · tax year 2025 · changed 25 Jun 2026

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Key figures: Mongolia, 2025

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Common entity types

Limited liability company (LLC), joint-stock company (JSC), representative office and branch of a foreign companyCompany Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/

Minimum share capital (domestic LLC)

MNT 100,000 MNT ((approx — confirm))Company Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/

Minimum capital (foreign-invested LLC)

USD 100,000 per foreign shareholder holding 25% or more USDInvestment Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/

Registration authority

General Authority for State Registration (GASR)Law on State Registration of Legal Entities — https://www.investmongolia.gov.mn/taxation/

Step 1 — name reservation

Reserve the company name with the state registration authority; the company must be established within 30 days of obtaining the nameLaw on State Registration of Legal Entities — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/

Step 2 — capital deposit

Open a temporary bank account at a Mongolian commercial bank and deposit the paid-in capital (USD 100,000 or MNT equivalent for a foreign-invested company)Company Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/

Registration timeline

Approximately 3–5 business days after submitting the required documents ((approx — confirm))Law on State Registration of Legal Entities — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/

Core annual compliance — CIT

File the annual corporate income tax return by 10 February, with quarterly returns during the yearCorporate Income Tax Law of Mongolia — https://taxsummaries.pwc.com/mongolia/corporate/tax-administration

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Entity types and incorporation

Common entity types — Limited liability company (LLC), joint-stock company (JSC), representative office and branch of a foreign company (Company Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)
Minimum share capital (domestic LLC) — MNT 100,000 MNT ((approx — confirm)) MNT (approx — confirm) (Company Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)
Minimum capital (foreign-invested LLC) — USD 100,000 per foreign shareholder holding 25% or more USD USD (Investment Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)
Registration authority — General Authority for State Registration (GASR) (Law on State Registration of Legal Entities — https://www.investmongolia.gov.mn/taxation/)
Step 1 — name reservation — Reserve the company name with the state registration authority; the company must be established within 30 days of obtaining the name (Law on State Registration of Legal Entities — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)
Step 2 — capital deposit — Open a temporary bank account at a Mongolian commercial bank and deposit the paid-in capital (USD 100,000 or MNT equivalent for a foreign-invested company) (Company Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)
Registration timeline — Approximately 3–5 business days after submitting the required documents ((approx — confirm)) (approx — confirm) (Law on State Registration of Legal Entities — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)
Core annual compliance — CIT — File the annual corporate income tax return by 10 February, with quarterly returns during the year (Corporate Income Tax Law of Mongolia — https://taxsummaries.pwc.com/mongolia/corporate/tax-administration)
Core annual compliance — financial statements — Prepare annual financial statements under Mongolian accounting standards (IFRS-based) and file with the relevant authorities ((approx — confirm filing dates)) (approx — confirm filing dates) (Accounting Law of Mongolia — https://www.investmongolia.gov.mn/taxation/)

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Entity types and incorporation

Common entity types — Limited liability company (LLC), joint-stock company (JSC), representative office and branch of a foreign company (Company Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)

Minimum share capital (domestic LLC) — MNT 100,000 MNT ((approx — confirm)) MNT (approx — confirm) (Company Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)

Minimum capital (foreign-invested LLC) — USD 100,000 per foreign shareholder holding 25% or more USD USD (Investment Law of Mongolia — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)

Registration authority — General Authority for State Registration (GASR) (Law on State Registration of Legal Entities — https://www.investmongolia.gov.mn/taxation/)

Step 1 — name reservation — Reserve the company name with the state registration authority; the company must be established within 30 days of obtaining the name (Law on State Registration of Legal Entities — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)

Step 2 — capital deposit — Open a temporary bank account at a Mongolian commercial bank and deposit the paid-in capital (USD 100,000 or MNT equivalent for a foreign-invested company) (Company Law of Mongolia — https://mongoliainc.com/setting-up-a-business-in-mongolia/establishment-of-llc/)

Registration timeline — Approximately 3–5 business days after submitting the required documents ((approx — confirm)) (approx — confirm) (Law on State Registration of Legal Entities — https://gsl.org/en/offers/incorporation-of-a-company-in-mongolia-formation-of-a-limited-liability-company-with-foreign-investment/)

Core annual compliance — CIT — File the annual corporate income tax return by 10 February, with quarterly returns during the year (Corporate Income Tax Law of Mongolia — https://taxsummaries.pwc.com/mongolia/corporate/tax-administration)

Core annual compliance — financial statements — Prepare annual financial statements under Mongolian accounting standards (IFRS-based) and file with the relevant authorities ((approx — confirm filing dates)) (approx — confirm filing dates) (Accounting Law of Mongolia — https://www.investmongolia.gov.mn/taxation/)