Setting Up a Business in Mongolia

An in-depth guide for foreign entrepreneurs and companies looking to enter the Mongolian market — a resource-driven economy where mining, anchored by projects like Oyu Tolgoi, dominates foreign investment, alongside a company registration process still genuinely modernizing.
This guide covers legal structures (LLC, with a distinct $100,000 minimum capital requirement for a wholly foreign-owned entity), business taxation — including tiered corporate income tax rates (10%/25%) and 10% VAT — company formation, the cost of labor, and immigration routes for executives, investors, and entrepreneurs, including an honest account of Mongolia’s genuinely unpredictable immigration processing timelines. Includes an operational checklist and useful contacts.
Available in English.