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Branch/Permanent Establishments

Although there is a theoretical possibility to establish a branch of a foreign entity in Mongolia, currently it is not practically possible due to uncertainties in the law related to the legal status of such entity, filing procedures etc.

It is also possible to register a permanent establishment in Mongolia with the tax authorities, although neither the legal status nor respective taxation rules are clear as well. The state authorities are working on the amendments of the existing laws and possibly introduction of new tax laws (Please see Branch versus Subsidiary section for details).

An LLC is most commonly used form of legal companies (80-90% of the Mongolian companies).