For international professionals evaluating business setup costs in Mongolia, this post presents a detailed breakdown of the average creation and ongoing maintenance expenses for a standard limited liability company in 2025. All data below is transparently extracted from official Mongolian sources for clarity and reliability.
Company Formation Costs in Mongolia (2025)
The standard entity for new businesses is the Limited Liability Company (LLC), known locally as “Хязгаарлагдмал хариуцлагатай компани (ХХК)”. Below is a detailed table summarizing the average costs involved in company registration, provided in Mongolian Tugrik (MNT) and converted to USD for reference (using an exchange rate of 1 USD = 3,400 MNT).
| Expense Item | Amount (MNT) | Amount (USD) |
|---|---|---|
| State registration fee | ₮100,000 | $29 |
| Publication fee (Official Gazette) | ₮40,000 | $12 |
| Notary fees for company documents | ₮30,000 | $9 |
| Legal address service (annual, required for registration) | ₮200,000 | $59 |
| Lawyer/consultant service (average market fee) | ₮800,000 | $235 |
| Minimum capital requirement | ₮100,000 | $29 |
| Total Average Setup Cost | ₮1,200,000 | $353 |
The figures above represent average market prices for establishing an LLC. The most significant expense is typically legal consulting, though this can often be reduced for those familiar with local processes. The minimum capital requirement remains relatively low, enhancing accessibility.
Average Ongoing Company Maintenance Costs
After incorporation, maintaining an active Mongolian LLC involves recurring expenses. The data below captures the annual cost range for a standard LLC as of 2025.
| Ongoing Expense | Annual Cost (MNT) | Annual Cost (USD) |
|---|---|---|
| Legal address renewal (annual) | ₮200,000 | $59 |
| Accounting service (annual, minimum for small LLC) | ₮200,000 | $59 |
| Accounting service (annual, average for typical LLC) | ₮1,000,000 | $294 |
Depending on business complexity and transaction volume, total annual maintenance costs typically range between ₮400,000 ($118) and ₮1,200,000 ($353). This includes mandatory legal address renewal and basic accounting services—critical for ongoing compliance.
Summary Table: Average LLC Costs (2025)
| Type of Cost | MNT | USD |
|---|---|---|
| Company Creation (one-time) | ₮1,200,000 | $353 |
| Annual Maintenance (range) | ₮400,000–₮1,200,000 | $118–$353 |
Source Transparency and Official Information
All figures are based on publicly available documentation from the Mongolian government and leading advisory bodies. For further details, official guidelines and procedures can be accessed via the of the General Authority for State Registration’s main portal: https://burtgel.gov.mn/eng/.
Pro Tips: Setting Up Your Mongolian LLC Efficiently
- Budget for professional legal or consulting fees upfront, especially to navigate document preparation and registration requirements. Local expertise can reduce delays.
- Ensure your registered address service is reliable; government communications for compliance and tax matters will be sent here.
- Shop around for accounting services if your LLC’s transaction volume is low—many firms offer basic annual packages at significantly reduced rates.
- Always check the latest official guidelines before submitting forms or payments; policies and fee structures may update without widespread public notice.
To summarize, setting up a limited liability company in Mongolia in 2025 typically requires a one-time outlay of around ₮1.2 million ($353). Ongoing annual costs for basic compliance can start from ₮400,000 ($118), though they may reach ₮1.2 million ($353) depending on accounting needs. As always, maintaining good standing with authorities involves timely payments for legal address services and accurate annual accounts. By planning for these costs in advance, business owners can keep operations smooth and compliant in one of Asia’s emerging markets.