Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
---|---|---|---|---|---|
3675.00 USD | 3000.00 USD | 1 | 10.00% | 100000.00 | Yes |
Such characteristics as the land of nomads, the country of mountains, steppes and sand dunes are traditionally used in the description of the existing image of Mongolia during many centuries. At the same time it should be noted that the present Republic of Mongolia and its capital Ulan Bator has considerably changed both economically and culturally. And sunny country situated in the center of Asia is becoming more interesting for tourists and businessmen. The country shares northern border with Russia, and eastern, southern and western - with China. The state has no outlet to the sea. Total area is more than 1,5 million km2. According to its state structure, Mongolia is a parliamentary republic. In accordance with its administrative arrangement, it is divided into 21 aimaks, which consists of 329 somons. The population of Mongolia is approximately 3.1 million people. The country has an observer status in many CIS structures and is the UN member. Mongolia is also member of the WTO, and formed free economic zone (Altanbulag) on the border with Russia. The official language in the country is Mongolian, and written language is the Cyrillic alphabet. The main religion is Buddhism. The climate of Mongolia is sharply continental, the winters are harsh and the summers are hot and dry. Due to the great number of sunny days in the year (about 250), the state is often called the "country of the blue sky." The famous Gobi desert in Mongolia is tentatively divided into three zones (by color) - Black, Red and Yellow. Having sufficiently large territory covered by desert, there is no shortage of drinking water in the country. The most full-flowing river is Selenga. If you decide to start your business in Mongolia, the following information will be useful for you. Legislation of Mongolia is based on civil law. Forms of doing business.It is possible to register or buy an offshore company in Mongolia in the form of: Registration of LLC offshore companies in Mongolia. Peculiarities.
Registration of representative office in Mongolia. Main provisions.
Registration of LLC or representative office takes usually about one month. Accounts of the company in Mongolia can be opened in rubles, tugriks, euros and dollars in the Mongolian banks. Taxes in Mongolia.Income tax equals to 10%. But subject to certain conditions the following is also possible: - Exemption from paying taxes for the period of 10 years; - Additional tax exemption for another 5 years up to 50% (for companies engaged in telecommunications, construction, maintenance of means of transmission of electricity and heating energy) Bookkeeping in Mongolia.Offshore company in Mongolia shall maintain accounting records and submit annual report. After registration it is necessary to promptly submit primary statistical and tax reporting. Registration of business in Mongolia will become a reliable start of your international business. We will provide comprehensive assistance in this matter. |
Set of documents | |
|
|
Nominee director and shareholder | |
|
Square | 1 564 120.00 |
Population | 3 180 000.00 |
Capital | Ulaanbaatar |
Unemployment | 20.00 |
State polity | mixed parliamentary/presidential |
Telephone code | 976 |
Place in the world in corruption | 120 |
location | Northern Asia |
Climate | Desert; continental (large daily and seasonal temperature ranges); avg. maximum temperature (July) +25°; avg. minimum temperature (January) -30° |
Literacy rate | 97.80% |
Ethnic groups | Mongol (mostly Khalkha) 94.9%, Turkic (mostly Kazakh) 5%, other (including Chinese and Russian) 0.1% (2000) |
National currency | togrog/tugrik (MNT) |
USD exchange rate | 1 312.50 |
GDP per capita | 157 |
Official language | Khalkha Mongol |
Credit rating | BB- |
The judiciary | The Court is composed of three bodies: the Supreme Court, Court of Appeal and the Court of First Instance. Constitutional Court and the arbitrator is not included in the judicial system. |
Executive authority | The government formed by the parliament (IOLs) on the proposal of the Prime Minister and approval by the President. The Government reports IOL |
Legislative authorities | Parliament: the State Great Hural (IOL), consisting of 76 members, elected for 4 years. |
Opportunity to purchase ready-made companies | No |
Legal system | Civil law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | limited liability company, joint stock company, representative office |
Indication of BPA in the name | limited liability company or XXK |
Local registered agent | Yes |
Standard currency | togrog/tugrik |
Information about the beneficiary is disclosed | 1000000 |
The minimum amount of paid-in capital, nat. currency | 1000000 |
Bearer shares | No |
Terms of payment of the issued capital | When registering |
Possibility to issue shares without par value | No |
VAT | Yes |
Basic corporate tax rate | 10.00% |
Capital gains tax | Yes |
Withholding tax | 20% |
Currency control | No |
Corporate tax rates details | 10%, 25%. Income up to MNT 3 billion taxed at 10%, excess taxed at 25%. Additional 20% tax imposed on remittances by branch to foreign head office. |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | No |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 1 |
Data is entered in the public register | Yes |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | Yes |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 31 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | No |
TM Comprehensive Study | TM Registration Request | TM Registration Certificate | Total | ||||
---|---|---|---|---|---|---|---|
First Class | Additional Class | First Class | Additional Class | First Class | Additional Class | First Class | Additional Class |
211.50 | 76.50 | 490.50 | 180.00 | 400.50 | 45.00 | 1102.50 USD | 301.50 USD |
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo» | |||||||
Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary. В Монголии сравнительная проверка проводиться только для словесной части Торговой Марки. |