Mongolia

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Chapter | The Guide. from The Report: Mongolia 2014

The Mongolia Guide contains useful information for visitors, including business culture, etiquette, climate, transport and how to obtain a visa. Those interested in doing business in Mongolia can also find a list of suggested hotels, as well as contact information for embassies, hospitals, travel agencies and other important resources. The chapter also features guide pieces on dog-sledding and...

Chapter | Legal Framework. from The Report: Mongolia 2014

This chapter explores the laws and regulations that affect businesses and investors in Mongolia. It also features a legal framework viewpoint from OBG partner, David Beckstead, Foreign Legal Consultant with Lehman, Lee & Xu Mongolia.

As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the fact...

Economic and business activities in Mongolia are regulated by a variety of laws, principally the Company Law of 2011, the Civil Code of 2002, the new Investment Law of 2013 (replacing the Law on Foreign Investment of 1993), and the Law on the Regulation of Foreign Investment in Entities Operating in Strategic Sectors of 2012. Currently,...

I am often asked by foreign investors about my perception of Mongolia’s economic prospects. In the short term, there are a number of hurdles that need to be overcome in order to improve the country’s legal framework and facilitate greater economic activity. Over the long run, however, there seems to be a strong political will to continue...

How does Mongolia’s corporate tax structure compare to other developing countries in the region?

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