How to open Stripe account in Mongolia in 2024

Ryan Patrick

• 4 min read

Stripe has made international payments a breeze for startups, eCommerce enthusiasts, dropshippers, digital marketers, and small business owners. Yet, Stripe is not available for Mongolian entrepreneurs.

Most Mongolian entrepreneurs have given up scaling their business internationally through a reliable and trustworthy payment gateway like Stripe.

In this article, I will explain how you can legally set up Stripe in Mongolia in just a few steps from the comfort of your home by first incorporating your business in the UK through Incorpuk.

By the end of this article, you will find answers to the following questions.

Is Stripe available in Mongolia?

Does Stripe work in Mongolia?

Can a Mongolian open a 100% functional Stripe account?

Stripe Payment in Mongolia?

How to set up a Stripe account from Mongolia?

Can Mongolia citizens use Stripe?

How can you set up a Stripe Account if I live in Mongolia?

Incorpuk.com has made it easier for international entrepreneurs and Non-UK residents to incorporate their business in the UK and gain access to Stripe, UK business bank account, and other financial resources to scale globally.

Entrepreneurs from Mongolia can open Stripe accounts even if they are residing in Mongolia.

In 3 years, Incorpuk has assisted founders from over 185 countries with access to the UK and global financial systems Stripe.

If you are an entrepreneur from Mongolia, you can follow this simple procedure to set up your Stripe account in Mongolia.

Steps to Incorporate in the UK and gain access to Stripe

Step 1. Go to Incorpuk.com

The first step is to go to Incorpuk.com and click the Name Search or Get Started button to check for the availability of your business name.

Our real-time Name check on our website enables you to check for the availability of your new UK company name. This is the name of your company you will be using for Stripe. And do not worry, you can have multiple Stripe accounts and websites as brands under one Company.

Step 2. Choose your Registered Office Address

The next step is to choose your Registered office address for your UK company. All three registered office addresses on our website are the same and they are all London addresses. You can select any one of your choices and proceed to the next step.

Step 3: Company Director and Shareholder

Once you have selected a Registered office address, you will have to fill in your details on the required field. The info you fill in has to be correct because they are what we will use when filing for your new UK company as the director and shareholder of the company.

If your business has a co-founder, you will have to send us their info through email after you have completed your registration. We will add your business partner as a director and shareholder of your company alongside yourself.

Step 4: Complete your Registration

After filling in the required details, enter your preferred password and complete the payment. Then log in to your account and upload your proof of ID and address.

Proof of ID can be any of the following:

  • Passport
  • National Identity Card
  • Voters’ card
  • Driving License

Proof of Address can be any of the following:

  • Utility bill (water, electricity, gas, mobile, etc)
  • Bank Statement (only the first page)
  • Tenant Agreement or Mortgage Doc
  • Driving License

Step 5. Business Bank Account

Your UK company incorporation will take 2 working days. After your company has been incorporated, we will send you all the incorporation documents. Also, a member of our support team will reach out to you to assist you in opening a UK business bank account. Our support team will connect you and provide you with guidelines on how to go about business bank account opening.

The business bank account is what you will link to your Stripe account to accept payouts from Stripe.

Step 6. Set up your Stripe Account

The next step is to set up your Stripe Payment account. Our support team will provide you with support, free consultation, and the guidelines you need to open your Stripe account from Mongolia.

Every week we assist entrepreneurs from Mongolia to gain access to Stripe and scale their business globally.

At Incorpuk, it is our pleasure to assist global-minded entrepreneurs with access to global financial systems.

Our support team is ever ready to answer your queries should you have questions.

Frequently Asked Questions About Using Stripe from Mongolia.

Does stripe work in Mongolia?

Yes, you can have a fully functional Stripe account in Mongolia but you will have to follow the right procedure. And that is where the help of Incorpuk comes in. We help you incorporate in the UK and help you access resources and systems UK entrepreneurs have access to including Stripe.

Is Stripe Available in Mongolia?

Stripe is available in Mongolia when you incorporate your company in the UK through Incorpuk.

Stripe Payment in Mongolia?

Yes, a lot of entrepreneurs from Mongolia are accepting payments for their online businesses and startups with Stripe through our support.

How to Open Stripe from Mongolia?

We have explained in this article, the A to Z of opening a Stripe account from Mongolia with ease.

Is Stripe available in Mongolian?

Yes, Stripe is available to citizens of Mongolia. As long as you incorporate your company in the UK and follow the right procedure you will gain access to Stripe as a Mongolian entrepreneur.

Get Started With Stripe

To get started go to Incorpuk.com to incorporate your company in the UK and gain access to stripe and UK business banking solutions through our support for global founders.