useful information for visitors to Mongolia
Following two years of rapid expansion of foreign investment, the political and economic developments in Mongolia during 2012 have provoked much debate. Two topics on which many prospective investors seek guidance are the incoming government’s position on the Oyu Tolgoi investment agreement and the new Law on Foreign Investment in Sectors of...
An almost mythical land of nomads, epic landscapes and the ghost of Chinggis (Genghis) Khan, Mongolia is a place where nature can be explored on a grand scale. Polo, a tradition that is hundreds of years old and now seeing a resurgence, is an ideal way to experience Mongolia’s landscape and history. Situated around 300 km from Ulaanbaatar, the...
In centuries past, military skills were of great significance and it was considered necessary for Mongolians to develop abilities that were useful on the battlefield. One instrument that was of particular cultural and practical importance was the composite bow. It is often considered superior to bows produced in the West due to its ability to...
Two issues facing any prospective investor in a developing nation are what is permitted and whether the laws of that country will protect their investment. For several years it has been recognised that Mongolia has tremendous potential, not just in terms of mineral resources, but also in agriculture and renewable power generation. The country...
Economic and business activities in Mongolia are regulated by a variety of laws, principally the Company Law of 1999, with a major revision in 2007, the Civil Code of 2002, 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, Mongolian legislation...
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