Existing EEG foundation models mainly treat neural signals as generic time series in Euclidean space, ignoring the intrinsic geometric structure of neural dynamics that constrains brain activity to low-dimensional manifolds. This fundamental mismatch between model assumptions and neural geometry limits representation quality and cross-subject generalization. ManifoldFormer addresses this limitation through a novel geometric deep learning framework that explicitly learns neural manifold representations. The architecture integrates three key innovations: a Riemannian VAE for manifold embedding that preserves geometric structure, a geometric Transformer with geodesic-aware attention mechanisms operating directly on neural manifolds, and a dynamics predictor leveraging neural ODEs for manifold-constrained temporal evolution. Extensive evaluation across four public datasets demonstrates substantial improvements over state-of-the-art methods, with 4.6-4.8% higher accuracy and 6.2-10.2% higher Cohen's Kappa, while maintaining robust cross-subject generalization. The geometric approach reveals meaningful neural patterns consistent with neurophysiological principles, establishing geometric constraints as essential for effective EEG foundation models.