Doing Business in the United Kingdom VS Mongolia – A Comparison
Entrepreneurs comparing business destinations often look at the United Kingdom and Mongolia. The UK is well-known for its transparent legal system, high quality of life, and efficient process for starting a business in the United Kingdom. Mongolia, while less developed, offers access to natural resources and proximity to key Asian markets.
This article compares the core business factors between the UK and Mongolia to help you decide which market fits your goals best.
The United Kingdom: Offers consistent legal protection, stable governance, and extensive business finance support options for startups and foreign investors.
Mongolia: Resource-rich and investment-friendly, but political turnover and weak institutions can impact long-term certainty.
Taxation
The United Kingdom: Has a 25% corporate tax rate. Incentives are available for R&D and small businesses. Capital gains tax applies under certain conditions.
Mongolia: Corporate tax is 10%–25% based on revenue brackets. Capital gains tax applies to both domestic and foreign investors.
Mongolia: Registration involves multiple steps with government bodies. The process is improving but still includes manual paperwork and in-person visits.
Cost of Living and Business Operations
The United Kingdom: Business costs vary by region. Outside London, affordable options exist, and company setup services can reduce admin time.
Mongolia: Low labor and real estate costs, but logistics and service gaps may raise operational risks.
Access to Markets
The United Kingdom: Offers unmatched global trade access and logistics infrastructure, ideal for international scaling.
Mongolia: Landlocked and reliant on China and Russia for market access. Export logistics can be a constraint.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference.
When it comes to starting a business in the United Kingdom, navigating the legal and administrative processes can be complex without the right support. That’s where 3E Accounting comes in. As a trusted partner for company incorporation, we provide tailored solutions for entrepreneurs and investors looking to establish a strong business presence. Whether you need help with company registration or expert guidance on setting up businesses in the UK, our experienced team ensures a smooth and efficient process.
Yes. The UK offers stable governance, strong legal protection, and long-term business finance support. Mongolia is still developing and faces more regulatory unpredictability.
The UK corporate tax rate is a flat 25%. Mongolia has a tiered rate from 10% to 25% based on income brackets, plus capital gains tax for all investors.
Not mandatory for small companies, but using company secretary services ensures your filings and records stay compliant with UK laws.
Abigail Yu
Author
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.