Category: Establish a company

Documentation required

Recommendation 

Application UB-03, UB-13 form

Download from http://burtgel.gov.mn/service/index.php/les-newlist/download

Obtaining a company name

The founder(s) or an authorized representative acting under a Power of Attorney shall obtain the name of a LLC from the State Registration Authority by physically visiting or by online request. 

https://www1.e-mongolia.mn/

The company name shall meet the following requirements:

• not duplicate other companies’ name; and

• be in Cyrillic letters.

When an LLC obtains its name, the founders shall establish the company within 30 days. Otherwise, the verification sheet on the company name will expire in 30 days. Extension will done with additional fee. 

Payment receipt of service fee

• Name verification service fee is 10,000 MNT
• Receipt deposited in Golomt Bank account 1401001101

 /Government Resolution No. 30230 of December 23, 2020/

• Stamp fee is 44,000 MNT

 Receipt deposited in Golomt Bank account 1401002649

 / Article 15.1.1 of the Law on State Stamp Duty /

• Service fee for issuing stamp and stamp control number 10,000 MNT

Receipt deposited in Golomt Bank account 1401001101

 / Annex to the Government Resolution №230 of 2020 /

Founder’s decision / resolution /,

 1 copy

When an LLC obtains its name, the founders shall establish the company within 30 days.

 – Establishment of a company

 – Address, telephone, operational activities, / activities not required special license/

 – Share capital, face value and number of shares,

 – Selection of the CEO and provide his/her name, and registration number (the founder may also be the CEO)

 – The company’s charter must be approved as an appendix

– Decisions and resolutions shall be signed by the founders. 

If the founder of a company is a legal entity:

 – A decision (resolution) to establish a subsidiary (affiliate) company shall be made, signed and certified by the shareholders. A copy of the parent company’s certificate and charter shall be provided.

If the founder of a company is a foreign citizen:

A copy of the passport shall be provided if the authorized person, such as the founder, CEO or board member, is a foreign citizen.

There is no upper or lower limit on the amount of funds deposited in a company’s account

https://www1.e-mongolia.mn/

The company name shall meet the following requirements:

•      not duplicate other companies’ name; and

•      be in Cyrillic letters.

When an LLC obtains its name, the founders shall establish the company within 30 days. Otherwise, the verification sheet on the company name will expire in 30 days. Extension will done with additional fee.

• Name verification service fee is 10,000 MNT
• Receipt deposited in Golomt Bank account 1401001101

 / Government Resolution No. 30230 of December 23, 2020 /

·         Stamp fee is 750,000 MNT

Receipt deposited in Golomt Bank account 1401002649

/ Article 15 of the Law on State Stamp Duty /

• Service fee for issuing stamp and stamp control number 10,000 MNT

Receipt deposited in Golomt Bank account 1401001101

 / Annex to the Government Resolution №230 of 2020 /

1 copy

When an LLC obtains its name, the founders shall establish the company within 30 days.

– Establishment of a company

– Address, telephone, operational activities, / activities not required special license/

– Share capital, face value and number of shares,

– Selection of the CEO and provide his/her name, and registration number (the founder may also be the CEO)

– The company’s charter must be approved as an appendix

– Decisions and resolutions shall be signed by the founders.

If the founder of a company is a legal entity:

– A decision (resolution) to establish a subsidiary (affiliate) company shall be made, signed and certified by the shareholders. A copy of the parent company’s certificate and charter shall be provided.

– 2 copies in Mongolian and 1 copy in foreign languages

/ 2 in Mongolian and 1 in foreign languages

д/д

Recommendation

1

2

• State stamp duty fee of MNT 750,000

 Receipt deposited in Golomt Bank account 1401002649

 /Article 15 of the Law on State Stamp Duty/

• Service fee for issuing stamp and stamp control number MNT 10,000

Receipt deposited in Golomt Bank account 1401001101

/Annex to the Government Resolution №230 of 2020/

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4

 1 copy

• For a LLC, the Shareholders
• For NGOs, Funds, Governing Board
• For Partnerships, all Members’ meeting

The resolution shall state:

 – Establishment of a Subsidiary or Representative Office

 – Appointing the management

 – Address and telephone number of the representative office

 – an Operational regulation shall be approved as an appendix

5

A subsidiary/branch is a special unit located in a place other than the place of residence of a legal entity and performing all or some of its main functions. /Article 29.2 of the Civil Law/

A representative office is a unit located in a place other than the legal entity’s place of residence and responsible for protecting its legitimate interests or performing transactions and other legal actions on its behalf.
/Article 29.3 of the Civil Law/

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Documentation required

Recommendation 

Application UB-03, UB-12 form

Download from http://burtgel.gov.mn/service/index.php/les-newlist/download

• MNT 10,000  for registering additional change in Mongolian legal entity
• Receipt deposited in Golomt Bank account 1401002649
• MNT 40,000 for registering additional change in foreign invested LLC 
•  Receipt deposited in Golomt Bank account 1401002649
•  /Article 15 of the Law on State Stamp Duty /
• If to obtain new certificate, MNT 88,000
• For service fee
• Receipt deposited in Golomt Bank account 1401001101
• /Annex to the Government Resolution №230 of 2020 /

4

If the certificate is lost, it should be announced in the daily newspaper, and the newspaper should be presented

 1 copy

Decision or resolution shall be registered within 15 working days after the issuance

I

 – if there are any changes in the name, location, operational areas of business, share capital of the legal entity, the charter shall be approved as an appendix, signed and stamped;

If there are 2 or more shareholders, the minutes of the meeting shall be taken and signed by the participants of the meeting.

If the company that transfers or receives the shares is the company, it shall issue a resolution of the shareholders and the shareholders shall sign it.  /if necessary, include the content of the contract, decision, resolution and charter that authorizes the relevant person to sign on behalf of the company /

ЗӨВЛӨМЖ

1

2

• MNT 10,000  for registering additional change in Mongolian LLC

Receipt deposited in Golomt Bank account 1401002649

• MNT 40,000 for registering additional change in Foreign-invested LLC

Receipt deposited in Golomt Bank account 1401002649

/Article 15 of the Law on State Stamp Duty/

• If to obtain new certificate, MNT 88,000

shall be paid as a State stamp duty fee.

Receipt deposited in Golomt Bank account 1401001101

 /Annex to the Government Resolution №230 of 2020/

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4

1 copy

Decision or resolution shall be registered within 15 working days after the issuance

5

/1 copy/

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·    If the document is issued in a foreign language, it shall be translated and certified into Mongolian, and if it is issued abroad, it shall be certified by an “Apostille” or Notary or Consulate.

Recommendation

1

2

• MNT 10,000  for registering additional change in Mongolian LLC

Receipt deposited in Golomt Bank account 1401002649

• MNT 40,000 for registering additional change in Foreign-invested LLC

• MNT 40,000 for Religious Institutions

Receipt deposited in Golomt Bank account 1401002649

/Article 15 of the Law on State Stamp Duty/

• If to obtain new certificate, MNT 88,000

shall be paid as a State stamp duty fee.

Receipt deposited in Golomt Bank account 1401001101

 /Annex to the Government Resolution №230 of 2020/

3

4

1 copy

Decision or resolution shall be registered within 15 working days after the issuance

– Dismissal of the previous management and appointment of a new management

– An authorized entities for confirming, signing and stamping the resolution.

• For a LLC, the Shareholders
• For NGOs, Funds, Governing Board
• For Partnerships, all Members’ meeting

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·    If the document is issued in a foreign language, it shall be translated and certified into Mongolian, and if it is issued abroad, it shall be certified by an “Apostille” or Notary or Consulate.

AUTHORIZED PERSONS for the application:

·    Executive management

·    Founder

·    An official authorized to represent without a power of attorney

·    Other persons authorized by power of attorney

Recommendation

1

2

• MNT 10,000  for registering additional change in Mongolian LLC

Receipt deposited in Golomt Bank account 1401002649

• MNT 40,000 for registering additional change in Foreign-invested LLC

Receipt deposited in Golomt Bank account 1401002649

/Article 15 of the Law on State Stamp Duty/

• If to obtain new certificate, MNT 88,000

shall be paid as a State stamp duty fee.

Receipt deposited in Golomt Bank account 1401001101

 /Annex to the Government Resolution №230 of 2020/

3

4

1 copy

Decision or resolution shall be registered within 15 working days after the issuance

• For a LLC, the Shareholders
• For NGOs, Funds, Governing Board
• For Partnerships, all Members’ meeting.

5

/1 copy/

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·    If the document is issued in a foreign language, it shall be translated and certified into Mongolian, and if it is issued abroad, it shall be certified by an “Apostille” or Notary or Consulate

AUTHORIZED PERSONS for the application:

·    Executive management

·    Founder

·    An official authorized to represent without a power of attorney

·    Other persons authorized by power of attorney

БҮРДҮҮЛЭХ МАТЕРИАЛ

ЗӨВЛӨМЖ /хууль тогтоомж, түүний зүйл заалт/

Голомт банкны 1401002649 дансанд тушаасан баримт

/Улсын тэмдэгтийн хураамжийн тухай хуулийн 15-д заасан/

– Гэрчилгээ шинээр авах бол 88,000 төгрөг

Голомт банкны 1401001101 дансанд тушаасан баримт

/Засгийн газрын 2020 оны №230 дугаар тогтоол/

·  Гүйцэтгэх удирдлага

·  Үүсгэн байгуулагч

· Итгэмжлэлгүйгээр төлөөлөх эрх бүхий албан тушаалтан

· Итгэмжлэлээр эрх олгогдсон бусад этгээд

ҮЙЛЧИЛГЭЭ ҮЗҮҮЛЭХ ХАЯГ БАЙРШИЛ

Дотоодын хуулийн этгээд бол: Улсын бүртгэлийн ерөнхий газрын үйлчилгээний III байр 2-р давхар Хуулийн этгээдийн улсын бүртгэлийн газар

ГХО-тай ХЭ бол: Чингэлтэй дүүрэг, Нэгдсэн үндэстний гудамж, ЗГ-ын II байрны ард, “Invest in Mongolia center

ҮЙЛЧИЛГЭЭ ҮЗҮҮЛЭХ ХУГАЦАА

ГХО-тай ХЭ бол: Улсын бүртгэлд бүртгэх эсэхийг ажлын 10 өдрийн дотор шийдвэрлэнэ. /ХЭУБТХ 21.6 /

д/д

ЗӨВЛӨМЖ

Хуулийн этгээд, түүний салбар, төлөөлөгчийн газар, гадаадын хуулийн этгээдийн төлөөлөгчийн газар

1

– Улсын тэмдэгтийн хураамж 10,000 төгрөг

Голомт банкны 1401002649 дансанд тушаасан баримт

/Улсын тэмдэгтийн хураамжийн тухай хуулийн 15-д заасан/

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3

–  Тамга хийлгэхэд Засгийн газрын Хэрэг эрхлэх газраас олгосон зөвшөөрөл

–  Төрийн байгууллагын дотоод газар, нэгжийн хувьд дээд байгууллагын албан хүсэлт

Хуулийн этгээдийн эрхгүй байгууллага /СӨХ, байгаль хамгаалах нөхөрлөл, төсөл, хөтөлбөр/

1

–    Нөхөрлөлийн хувьд гишүүдийн гарын үсэг бүхий хүсэлт

–    Төсөл, хөтөлбөрийн хувьд харьяалах, удирдах Төрийн захиргааны төв байгууллагын шийдвэр /тогтоол, тушаал/, албан бичиг.

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Хуулийн этгээдийн зохион байгуулалтын бүтцийн нэгж

1

Албан  бичиг

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ӨРГӨДӨЛ ГАРГАХ ЭРХ БҮХИЙ ЭТГЭЭД:

·         Гүйцэтгэх удирдлага

·         Үүсгэн байгуулагч, хувьцаа эзэмшигч

·         Хоёр буюу түүнээс дээш үүсгэн байгуулагч, хувьцаа эзэмшигчтэй хуулийн этгээдийн тухайд тогтоол, шийдвэрээр эрх олгосон этгээд

·         Итгэмжлэлээр эрх олгогдсон бусад этгээд.