---
name: mn-company-formation
description: "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."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/mn-company-formation"
  jurisdiction: "MN"
  tax_year: "2025"
  last_updated: "2026-07-13"
  review_status: "pending_review"
---

# Mongolia Company Formation & Entity Choice

## Entity types and incorporation

- **Common entity types** — Limited liability company (LLC), joint-stock company (JSC), representative office and branch of a foreign company  _(Company 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)) 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 USD USD  _(Investment 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 name  _(Law 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)) (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 year  _(Corporate 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)) (approx — confirm filing dates)  _(Accounting Law of Mongolia — https://www.investmongolia.gov.mn/taxation/)_

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> **General reference only.** This document does not constitute tax, legal, or
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## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `mn-company-formation` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/mn-company-formation. If neither is available, confirm every figure against the official source pages cited above before relying on it.