3.1. Company Incorporation and Support
For investors seeking to establish a solid presence in Mongolia, we offer comprehensive, end-to-end support—from initial company formation to regulatory compliance and ongoing operations. With the guidance of our experienced consultants and local agents, you’ll be able to select the most appropriate legal structure and navigate the incorporation process with confidence and efficiency.
Our Company Incorporation Package Includes:
- Selection and verification of your company name
- Preparation, translation, and submission of all incorporation documents
- Secretarial and administrative services
- Assistance with corporate bank account setup
- Sourcing and contracting a legal address (physical or virtual)
Key Information:
- The most common legal structures for foreign investors in Mongolia are Limited Liability Companies (LLCs) and Representative Offices
- Registration of a foreign-invested company generally takes approximately two weeks from submission of all required documents
- Bank Account Opening Services
We assist in opening bank accounts in any of Mongolia’s major banks, for both local and foreign currency transactions.
Important Notes:
- The presence of the account holder is typically required, but the process can be completed via a Power of Attorney (PoA)
- All required documents must be notarized and apostilled
- If we are handling your company’s incorporation, bank account opening is included in the service package
- Legal Address Support (Physical or Virtual)
A legal address is mandatory for the registration of a company or representative office.
Options include:
- A rented office address
- The residence of a foreign CEO or company director
If the investor does not intend to rent office space or accommodation, we offer solutions for obtaining a virtual legal address for additional fee.
Key Considerations for Registering a Limited Liability Company (LLC) in Mongolia
- Minimum of one shareholder (individual or legal entity)
- At least one director, who must be a natural person
- If a foreign national is appointed as CEO, they must obtain a residence permit; otherwise, a Mongolian resident must be appointed
- Minimum share capital is USD 100,000
- It is advisable not to use “Mongolia” or “Ulaanbaatar” in the company name. Multiple name options may be submitted for approval
- Required documents include:
- Shareholder and Ultimate Beneficial Owner (UBO) details
- Description of business activities
- Selected banking information
- All documents must be translated into Mongolian, notarized, and apostilled
- The company may be registered without the founder’s physical presence, via Power of Attorney
Key Considerations for Registering a Representative Office in Mongolia
- A Representative Office cannot engage in commercial activity; it may only represent the parent company’s interests
- Representative offices are not equivalent to branches (branch registration is rarely practiced in Mongolia)
- No minimum share capital is required
- Required documents include:
- Parent company’s founding documents
- Bank selection and intended account types
- All documents must be translated into Mongolian, notarized, and apostilled
- Registration may be completed via Power of Attorney, without the direct participation of the parent company’s representatives
Get in touch with us to learn more about starting or expanding your business in one of Asia’s most promising and resource-rich emerging markets.