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Fees and timelines in 2024

Fees

pay by instalmentMongolia business incorporation costs in Year 1 amount to US$9,500 and annual company costs in Year 2 and thereafter amount to US$2,060. The average fee per Mongolia engagement amounts to US$20,750, which includes Mongolia company incorporation and opening a local corporate bank account. Refer to draft invoice embedded here.

Different Mongolia entity types Cost Draft invoice
Tax resident LLC US$20,750 View invoice PDF
JSC US$14,600 View invoice PDF
Representative office US$14,050 View invoice PDF

Other fee considerations

Timelines

The average Mongolian engagement period is 15 weeks as outlined below:

mongolia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Mongolia, please contact our in-house country expert, , directly: