Company registration in Mongolia

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Secretary services for 1 year The person named on the certificate of incorporation and representing the company, through which communication with local government agencies is carried out
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Total cost
3200 EUR 4400 EUR 5900 EUR
Accounting services
120 EUR 120 EUR 120 EUR
Annual renewal (paid from the second year)
1300 EUR 2500 EUR 2500 EUR

Special offer

If you will register a company until November 30,
opening a bank account is for FREE

Send a request
6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Registering a company in Mongolia is a promising idea for an international business. This agricultural country, with its capital city of Ulaanbaatar, attracts many foreign investors with its favorable conditions for commercial activities. It is much cheaper to open a company in Mongolia compared to European countries. Prices for rent, utilities, transportation, labor, and products are lower here. As a result, the state presents excellent opportunities for new markets.

Advantages of opening a company in Mongolia

Registering a company in Mongolia has many positive aspects:

  • the stable political situation in the state;
  • availability of 4 free economic zones;
  • possibility of remote registration of holding, a subsidiary company in Mongolia;
  • favorable conditions and government support to attract foreign investments:
  • loyal tax system;
  • absence of double taxation;
  • opportunity to get citizenship, residence permit

It takes little time to register a business in Mongolia. A significant advantage of this jurisdiction is a wide range of promising activities: light industry, insurance, real estate privatization, IT technology, and much more.

The primary forms of doing business in Mongolia

Registration of a company in Mongolia most often takes place in these organizational and legal forms:

  • A company with limited liability. The founder can be one or more individuals or legal entities. The highest governing body is the board of shareholders. Members of the board are responsible for the limits of their shares. They also appoint the executive body, which carries out the company's day-to-day management.
  • Limited Liability Company with foreign investments. Its authorized capital shall be at least 100 thousand dollars or tugrik equivalent. Of them, at least 25 % must belong to the foreign investor.
  • Joint-stock company. It can have an unlimited number of shareholders. Shareholders are not liable for the company's obligations but bear the risk of losses on their shares. If we talk about the management bodies, they are similar to the LLC. In addition to the meeting of shareholders, the management is carried out by the executive body or director.

A representative office is not considered a legal entity but represents another country's company and its interests.

Company registration in Mongolia: peculiarities of the procedure

If Mongolia appeals to you, it is possible to open a business here under certain conditions:

  • the uniqueness of the name;
  • opening accounts in a Mongolian bank;
  • elaboration of statutory documents;
  • availability of registered premises;
  • regular filing of tax reports.

Legislation and regulation

It is possible to open a company in Mongolia, with branches in the free zone according to the particular Law on State Registration of Legal Entities. to Applyingspecialists is better to ensure everything is clear. Prifinance lawyers will advise you on how to open a business in Mongolia and assist you in preparation for registration. If you want, you can buy a ready-made company in Mongolia!

Tax system

Central taxes of the country:
  • corporate tax - 25%;
  • Personal income taxPERSONAL INCOME TAX - 20 %;
  • VAT - 10 %;
  • on dividends - 10-20 %.

There are unique benefits for specific industries in the form of a reduction in the tax rate and exemption from taxation for a certain period. Also, in the state, there are agreements exempt from double taxation.

To open or buy a business in Mongolia: assistance from Prifinance

Need help registering or purchasing a company in Mongolia? Thanks to Prifinance lawyers, you will quickly become the owner of a profitable business abroad. Leave an application on our website or call us at the indicated numbers. We will help you through the stages of establishing a company!

Cooperation

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
Юрий ВалерьевичЮрий Валерьевич
07:50 21 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Анастасия ОдокиенкоАнастасия Одокиенко
11:09 26 Jan 24
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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