Doing business in Mongolia

Mongolia is continuing to develop its systems of business law, taxation, banking, and external links to the international business community and, most importantly, a market economy. Entering Mongolia presents, however, a unique challenge to business people when attempting to assess real business risks and to make reality-based decisions rather than relying on perceptions. Abundant natural resource wealth and agricultural production make Mongolia's population one of the potentially richest countries per capita in the region. However, converting this potential into reality requires many critical factors to function in concert. Attracting and protecting investors is among the most critical of these factors.

This guide covers all aspects of running a business and investing in Mongolia, such as:

  • Business environment
  • Foreign investment
  • Banking and finance
  • Importing and exporting
  • Business entities
  • Labour relations and social security
  • Accounting and audit requirements
  • Taxation