Mongolia welcomes foreign investment and has established a straightforward legal framework for foreign investors to establish business entities. The primary legislation governing this area includes the Company Law, the Foreign Investment Law, and the State Registration Law.
Step 1: Choose Your Business Structure
Foreign investors most commonly establish a Limited Liability Company (LLC) in Mongolia. An LLC requires a minimum of one shareholder (individual or legal entity) and has no minimum capital requirement for most industries. Alternatively, investors may establish a Representative Office or Branch of a foreign company.
Step 2: Register with the General Authority for State Registration
Registration is completed at the General Authority for State Registration (GASR). Required documents include the company charter, shareholder information, registered address confirmation, and identity documents of directors. The process typically takes 3–5 business days.
Step 3: Tax Registration and Bank Account
Following state registration, the company must register with the General Tax Authority and open a local bank account. Foreign-invested companies are subject to standard Mongolian corporate income tax of 10–25% depending on taxable income.
Alison & Kate Partners can assist you at every step of the process, from initial structuring advice to complete registration. Contact us at contact@akp.mn for a consultation.