Mongolia is of interest to international business mainly for projects in mining, logistics, trade and infrastructure. A Mongolian company can be suitable for local operations, joint ventures and work with local customers.

Company registration in Mongolia starts with a review of the business activity, foreign ownership, capital and required licences. Tax registration, accounting and a bank account in MNT and foreign currencies can then be arranged.


Official name:Mongolia
Area:1,565,000 sq. km.
Population:current figures are published by official statistics
Capital:Ulaanbaatar
Official language:Mongolian
Currency:Mongolian tugrik (MNT)
Religion:Buddhism, Islam
For a financial company in Mongolia, the key points are the current Financial Regulatory Commission requirements, AML/KYC, licensing, capital and reporting rules. US legislation is not a criterion for a Mongolian local licence.

What changed in 2026 for company registration in Mongolia

Mongolia in 2026 is mainly suitable for real local business, trade, logistics, mining services and investment projects. A foreign investor can register an LLC or another available form under the current corporate and investment rules.

For financial and other licensed activities, capital and other requirements depend on the specific licence. We therefore start a new project by checking the business activity, local partner or personnel and Financial Regulatory Commission requirements where applicable.

What activities is a company in Mongolia suitable for

A ready-made company registered in Mongolia or Mongolia LLC registration under your own name is suitable for: mining-sector services, trade, logistics, local business, investment projects and joint ventures.

Company registration: Mongolia LLC and opening a bank account

First, we decide who will be the owner and director, the activities and company address, then prepare the documents for Mongolia LLC registration. After company registration, we organise annual administration and accounting. To open a bank account or an account with a European payment system / EMI, we support preparation of contracts, service descriptions and information about expected payment countries.

A bank account for a company in Mongolia can be opened with a bank in a suitable jurisdiction, while an IBAN EUR/SEPA account can be opened with a European payment system / EMI. The application can be prepared remotely; when opening the account, we will propose corporate bank account options for the company's payments and business activities.

Key information about Mongolia LLC

  • Company form:LLC and other forms available under Mongolian corporate law
  • Taxes:taxes and reporting depend on the activity, turnover and status of the foreign investment
  • Bank account:Mongolian bank for MNT and local operations; foreign currencies according to the business contracts.
  • Cost:Basic company registration price is calculated according to registration, any required licence, address, accounting/payroll and banking.
Additional information about a company in Mongolia 2026

Where to start to open a new company in Mongolia

Mongolia makes sense when the business is connected with the local market, resource projects or regional trade. TAXC can review the corporate and licensing stages, calculate the budget and prepare the account-opening process.

Get a free consultation and commercial proposal for a company in Mongolia

Choose a jurisdiction for company registration

Compare jurisdictions by registration options, tax rates and reporting, annual maintenance and options for bank payments without currency control.

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