Your Corporate Partner in Mongolia
Professional corporate services in Mongolia: company formation, corporate secretarial, accounting & payroll, tax compliance, and CFO advisory. Bilingual EN/MN support.
Through our trusted partnership with EDIS Partners, we also provide extended services in audit, assurance, and financial advisory, giving clients a full end-to-end solution.
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What Foreign Investors Need to Know
Mongolia offers unique opportunities for growth — but setting up a company here comes with its own rules and complexities.
Here are the 3 key things you need to know before registering your business in Mongolia:
1️⃣ Entity Type Matters – Choosing between an LLC, representative office, or branch has direct implications on tax, liability, and future flexibility.
2️⃣ Compliance Is Ongoing – Incorporation is only the beginning. Regular filings, secretarial duties, and payroll compliance are mandatory.
3️⃣ Banking & Operations – Opening a bank account and handling transactions often requires local presence, clear documentation, and experience navigating the system.
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Top 5 Accounting Mistakes Companies Make in Mongolia
In Mongolia’s fast-changing business environment, accounting and compliance are not just about “keeping the books” — they’re about avoiding costly risks.
Here are the most common mistakes we see companies make:
1️⃣ Late Tax Filings – Penalties add up quickly if VAT, CIT, or PIT reports are delayed.
2️⃣ Weak Bookkeeping – Missing documentation leads to audit issues and inaccurate financials.
3️⃣ Payroll Errors – Incorrect deductions for social insurance or employee tax can cause compliance fines.
4️⃣ Poor Cash Flow Tracking – Focusing only on revenue, not liquidity, puts businesses at risk.
5️⃣ No Financial Controls – Lack of segregation of duties increases the risk of fraud. -
Why Every SME Can Benefit from a Fractional CFO
Small and medium-sized businesses often think a CFO is only for large corporations. But in reality, a fractional CFO can be a game-changer for SMEs in Mongolia.
Here’s why:
1️⃣ Strategic Insights – Go beyond bookkeeping with real financial planning, forecasting, and cash flow analysis.
2️⃣ Cost-Effective – Access senior-level financial expertise without the cost of a full-time hire.
3️⃣ Investor Confidence – Professional reporting makes your business more attractive to banks and investors.
4️⃣ Decision Support – From pricing strategy to expansion, a CFO helps you make smarter moves.👉 A fractional CFO isn’t a luxury — it’s a smart investment in your company’s growth and stability.