Whether the registered capital of a registered company in Mongolia needs to be paid in

Mondo Finance Updated on 2024-01-29

The paid-in registered capital of a Mongolian company is one of the necessary conditions for the legal operation of the company, and it is also an important measure to protect the rights and interests of investors. According to the Company Law of the People's Republic of China and relevant laws and regulations, the registered capital of a Mongolian company needs to be paid, and the registered capital needs to be paid.

The paid-in registered capital of a Mongolian company shall be carried out in accordance with the following steps:

1.Determine the shareholders of the company and the amount of capital contributions they have subscribed for. Shareholders shall, in accordance with the provisions of the articles of association, pay their capital contributions in full and on time.

2.Select the payment method of the registered capital. The payment of registered capital can be in cash, in kind, intellectual property, etc., but it must be evaluated and priced.

3.Confirm the registered capital**. The registered capital must be legal and cannot come from illegal sources.

4.Pay the registered capital. The registered capital shall be verified by an accounting firm to confirm that the shareholders have paid the amount of capital contribution.

It should be noted that the paid-in registered capital of a registered Mongolian company should be consistent with the method of capital contribution and the term of capital contribution stipulated in the articles of association of the company. If the actual amount of capital contribution paid by the shareholders is inconsistent with the provisions of the company's articles of association, it may lead to the failure of the establishment of the company or its revocation.

If you want to register a company and conduct business in Mongolia, you must comply with the relevant laws and regulations to ensure the legitimacy and paid-in nature of the registered capital.

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