Mongolia Company Registration — Required Documents and Process

Registration Steps

1. 01

   1. Company Name Approval

   Apply to the State Registration Authority of Mongolia for approval of the proposed company name. The company name must be registered in Cyrillic (Mongolian) script and must not be identical or too similar to a registered name.

2. 02

   2. Prepare Incorporation Documents

   The articles of association, the shareholder resolution to establish the company (if there is more than one shareholder, a shareholders' agreement and minutes of the shareholders' meeting must be signed) and the resolution appointing the executive director.

3. 03

   3. Open a Temporary Bank Account

   Foreign-invested enterprises must deposit the registered capital into a temporary bank account.

4. 04

   4. Registered Address

   Provide a copy of the lease agreement or property ownership certificate for an office address in Mongolia.

5. 05

   5. Submit the Registration Application

   Submit the application form, the documents above, copies of the ID cards or passports of the shareholders and executive director, and the receipt for the state stamp duty to the State Registration Authority. If a shareholder is a corporate body, a notarised and apostilled (or consularised) certificate of incorporation with a Mongolian translation must be provided.

6. 06

   6. Receive the Certificate of Registration

   The state registration certificate and company registration number are issued.

7. 07

   7. Make the Company Seal

   A company seal can be made if required.

8. 08

   8. Tax Registration

   Register with the tax authority within 14 days of company registration; VAT registration is required if turnover exceeds the threshold.

9. 09

   9. Social Insurance Registration

   Register with the social insurance office.

10. 10

    10. Open a Corporate Bank Account

    Open the company's main bank account.

11. 11

    11. Foreign-Invested Enterprise Registration

    A foreign-invested enterprise must register with Invest Mongolia; foreign employees must apply for work permits and residence permits.