Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Business registration in Mörön, Mongolia is regulated by the Mongolian Law on State Registration of Legal Entities. This law dictates that any entity conducting business activity should be registered in the State Registry. In Mörön, this process is overseen by local authorities who adhere to the national law, ensuring uniformity in business operations across Mongolia. The process involves application, documentation of key details about the business and payment of a registration fee.
As the process of business registration in Mörön adheres to national law, understanding legal language and requirements could be challenging for some. Moreover, any mistakes while registering can lead to legal issues down the road. A lawyer can guide you through the process, aid in document preparation, ensure accuracy of details and help identify any potential legal issues. In case you are seeking to establish a foreign company branch in Mongolia, a lawyer's advice could prove invaluable regarding complex international laws and guidelines.
The key aspect of local laws that are particularly relevant to Business Registration in Mörön is the requirement of providing detailed information about the business. This includes the full name of the legal entity, address, objective of the business, amount of equity and capital among other details. Moreover, each legal entity is required to have a unique name and businesses are prohibited from misleading the public about their company's character by using a misrepresented name or category.
Mandatory documents include the application form, an identity document of the Business' representative, and founding documents like company bylaws
The entire process typically takes up to a month from the submission of the necessary documents.
Yes, foreigners can register a business in Mörön, Mongolia. However, there may be additional requirements and paperwork involved. Consultation with a lawyer is recommended in such cases.
Aside from initial registration fees, businesses are not required to pay an annual fee for maintaining registration but businesses are liable to pay annual taxes.
It is strongly discouraged to conduct any business activities before the completion of the official registration process. Doing so may lead to legal repercussions.
For additional help, you can reach out to the Mongolia National Chamber of Commerce and Industry. They provide information and support on business registration, operation, and other related processes. Besides, the 'InvestMongolia' governmental agency can be a valuable resource for foreign investors looking to establish a business in Mörön.
If you need legal assistance, we advise you to find a lawyer experienced in Mongolian business registration law. Prepare to discuss your specific business details and goals, and gather any existing related documents you may have. This will allow your chosen legal aid to quickly and accurately assist in your business registration process.
