Source-cited draft: company formation & entity choice for Mongolia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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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
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))Accounting Law of Mongolia — https://www.investmongolia.gov.mn/taxation/
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