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1/0 <<>> This is a voltage drop question. A voltage and whether it is a single or three phase system must be provided to give an answer.
You need to look at the regulations that apply in your country. If in doubt, use a neutral wire of the same size as the live wire or wires.
500 mcm (or 500kcmil) conductors are used for 400 amp 480v single phase or 3 phase systems. The wire AND THE TERMINALS must be rated for 90o Celsius.
The type would be a three phase panelboard. If you are carrying the wye neutral into the service, then it would be a three phase four wire distribution panelboard. Regardless of the style used, it would have to have a minimum 400 amp bus.
Presuming that you would like the least expensive installation, the following is calculated on overhead aluminum wire. The wire size needed to hold the voltage drop to 3% would be 3/0 MCM. If the installation could be run on 240 volts then the wire size can be reduced to #2.