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Company Registration

Company Registration Guide 2026
Starting & Operating a Business in Mongolia: Company Registration Guide

Welcome to Mongolia! Foreign investors can establish a Private Limited Company, Public Limited Company, Partnership, or Representative Office.

Note: A Private Limited Company with 25% or more foreign ownership is classified as a Foreign-Invested Company (FIC) and requires a minimum capital contribution of USD 100,000 per investor.

Step: Get Your “F Register”

Before starting registration, all foreign individuals need a 13-digit F Register number:

  • In Mongolia: Check via the e-Mongolia app (“Check my F register”) or visit the Immigration Agency of Mongolia.
  • From Abroad: Email your passport photo to Support@immigration.gov.mn to request your F Register.

Option A: Registering a Foreign-Invested Company (FIC)

To make registration convenient, you can initiate the process online at e-business.mn, upload your documents for review, and submit the hard copies in person at the One-Stop Service Center.

Checklist of Required Documents:

  1. Application Forms: UB-03 & UB-12 forms.
  2. Company Name Verification: Verify online via eng.burtgel.gov.mn or e-business.mn (Valid for 30 days).
  3. Receipts for Fees:
    • Name verification fee: MNT 10,000
    • Seal registration fee: MNT 10,000
    • State registration stamp duty: MNT 750,000
  4. Temporary Bank Account: Opened at a local commercial bank using the verified company name.
  5. Founders’ Decision / Resolution: Signed by founders; includes business scope, address, share capital, and Executive Director appointment. (If the founder is a corporate entity, attach its incorporation certificate and charter).
  6. Company Charter: 2 copies in Mongolian, 1 copy in a foreign language.
  7. Founders’ Agreement: Required if there are 2 or more founders (Notarized).
  8. Proof of Investment: Minimum USD 100,000 (or equivalent MNT) per investor (Bank swift transfer advice, customs declaration, or asset evaluation certificate).
  9. Proof of Address: Office lease agreement.
  10. Passport Copy: Copy of passport(s) of authorized investor(s).

Option B: Registering a Representative Office

A Representative Office protects the parent company’s interests and performs legal transactions on its behalf in Mongolia.

Checklist of Required Documents:

  1. Application Form: UB-04 form.
  2. Payment Receipts: Stamp duty MNT 1,100,000 + Seal fee MNT 10,000.
  3. Parent Company Documents: Certificate of Incorporation & Charter of the foreign legal entity.
  4. Resolution: Decision to establish a representative office, appointing the Head of the office, and adopting internal regulations.
  5. Internal Regulations: 2 copies in Mongolian, 1 copy in a foreign language.
  6. Passport Copy: Copy of passport & F Register of the Head of the office.
  7. Proof of Office Address: Property certificate or lease agreement.

Important Document Rules

  • Translation: All foreign documents must be translated into Mongolian by a certified translator.
  • Authentication: Documents issued abroad must be notarized and bear an Apostille stamp or be legalized by a Mongolian Embassy/Consulate.

Post-Registration & Mandatory Updates

  • Tax & Social Insurance: Once incorporated, immediately register with the respective local Tax Office and Social Insurance Office.
  • Corporate Changes: Any changes in company name, address, share capital, shareholders, or ultimate beneficial owner (UBO) must be registered with the General Authority for State Registration (GASR) within 15 business days.

Tax and social insurance 

Mongolia provides a transparent and foreign investor-friendly tax environment. Below is a quick overview of key tax rates, compliance rules, and social insurance obligations for businesses and individuals.

  • Corporate Income Tax: 10% on profits up to MNT 6B (25% on excess); 1% preferential rate for small businesses under MNT 300M turnover.

  • Value Added Tax: 10% standard rate (0% for exports); mandatory registration threshold starts at MNT 50 million.

  • Withholding Tax: 20% standard rate on foreign payments and services (may be reduced under Double Tax Treaties).

  • Personal Income Tax: Progressive 10%–20% for residents; flat 20% for non-residents on Mongolian-sourced income.

  • Social Insurance: Combined employer contributions range from 10.5%–12.5%, and employee contributions are 9.5%.

For detailed information. Download tax regulations (pdf)

Visas and  work permits 

A Guide for Foreign Investors and Employees

Foreign investors and specialists entering Mongolia follow a structured framework managed by the Mongolian Immigration Agency and the General Authority for Labor and Social Welfare. Key requirements and steps include:

  • Entry Pathways & Investor Visas: Visitors can enter visa-free, via E-Visa (evisa.mn), or through official Visa Permits. Investors and executives must secure B-Type Visas (B1 for Investors, B2 for Executives, B3 for Representative Offices) with standard processing times of 3 to 5 business days.

  • Residence Permits: Foreign investors and employees staying long-term must apply for a Residence Permit within 21 days of arrival. Investor residence permits are typically granted for up to 1 year initially and can be extended for up to 3 years.

  • Work Permits (Type C Visa): Categorized across 11 major economic sectors, employers must first list open positions locally on ejob.gov.mn for 14 working days before applying for a preliminary work permit.

  • Post-Arrival Compliance: Employers must submit the formal Work Permit application via ezuvshuurul.mn within 10 working days of the employee’s arrival, alongside medical examination results and statutory workplace fees.

For detailed information- Download Visas and Immigration regulations PDF

Business Support Services

Business Support Services

Mongolia’s financial services sector serves as a pivotal enabler of economic diversification, transitioning from a bank-dominated framework into a multi-layered financial ecosystem. Regulated by the Bank of Mongolia (BOM) and the Financial Regulatory Commission (FRC), the market encompasses commercial banking, capital markets, non-bank financial institutions (NBFIs), and a growing fintech landscape. Foreign investors benefit from a liberal financial climate, including 100% foreign direct investment options in the insurance sector with zero tax on premiums. To streamline access to corporate capital, the nation has integrated digital platforms such as the M-OTC market for private bond placements, alongside the state-owned Mining Commodity Exchange to ensure transparent commodity trading and fair pricing.

Strategic legal initiatives actively facilitate international investment and cross-border finance. Foreign business operations are safeguarded by the Investment Law of 2013, which provides legal protections against unlawful expropriation and guarantees the unrestricted transfer of dividends, interest and capital returns. Qualified financial and corporate investors can secure long-term Tax Stabilization Certificates through the Ministry of Economic Development, fixing Corporate Income Tax (CIT), Value Added Tax (VAT) and customs duties for multi-year terms. Furthermore, international financial activities are supported by 36 active Bilateral Investment Treaties (BITs) and 26 Double Taxation Agreements (DTAs), which mitigate regulatory risks and lower withholding taxes on dividends, royalties and cross-border service income.

Government Support & Incentives

Non-Tax Incentives

The Investment Law provides the following non-tax benefits available to investors:

  • Support for activities within free zones and production & technological parks via simplified registration and checkpoints.
  • Facilitation of major infrastructure, production, science, and education projects by granting increased foreign worker quotas and exempting them from employment fees.
  • Financial support for innovation projects and guaranteed funding for export-oriented innovative products.
  • Issuance of multi-entry and permanent residence visas for foreign investors.
  • Other promotional measures as prescribed by applicable legislation.
Film Production Incentive: Eligible film projects with budgets of USD 500,000+ may receive up to 30% reimbursement of production costs.

Tax Incentives

Includes tax exemptions, credits, accelerated depreciation, loss carry-forward, and training expense deductions.

Customs Duty Exemptions & Zero-Rated VAT:

Applies to imported equipment and machinery during the construction phase of designated projects in:

Construction Material Plants
Petroleum Processing
Agricultural Goods
Export Products
Nano & Bio-tech Plants
Power Plants
Railroads

* To qualify, legal entities must submit formal requests to tax authorities following relevant tax return filings.

Stabilization Certificate

Aims to offer investors regulatory stability and certainty regarding tax rates. Once obtained, the certificate guarantees fixed rates for:

Corporate Income Tax
Customs Duties
Value Added Tax (VAT)
Mineral Royalties

Duration: Tax rate stabilization ranges from 5 to 15 years, depending on investment amount, sector, and location. This period may be extended by up to 1.5 times for qualifying projects.

The Ministry of Economic Development (MED) is responsible for reviewing applications for stabilization certificates.

News & events

AMENDMENTS TO THE INVESTMENT LAW NOW IN EFFECT
News 2026.09.04

AMENDMENTS TO THE INVESTMENT LAW NOW IN EFFECT

The amendments to the Investment Law of Mongolia, adopted on July 3, 2026, officially entered into force on...

INVITATION TO THE MONGOLIA–JAPAN B2B BUSINESS MATCHMAKING EVENT
News 2026.09.04

INVITATION TO THE MONGOLIA–JAPAN B2B BUSINESS MATCHMAKING EVENT

The annual “Mongolia–Japan Business Partnership 2026” event will be held on September 18, 2026, at the Mongolia–Japan Center....

SEEKING FEEDBACK ON THE DRAFT INITIAL LAW ON TRADE
News 2026.09.04

SEEKING FEEDBACK ON THE DRAFT INITIAL LAW ON TRADE

Civilians, business entities, and organizations are invited to review the draft law and submit their comments via the...