A new investment law passed in October 2013 sent a clear message about the government’s pro-business reform ambitions, placing foreign and local investors on equal footing. New “tax stabilisation certificates” now offer an alternative to the previous investment agreements by freezing the relevant taxes for a period of up to 22.5 years.
Mongolia is experiencing challenging times in the lead-up to the general elections in 2016. The country’s traditional balancing act between its giant neighbours has come under increasing pressure in recent months, while winning and maintaining international investor confidence continues to be a multi-faceted and essential task. However, expectations of rapid and...
KEMPINSKI HOTEL KHAN PALACE
East Cross Road, Peace Avenue Bayanzurkh district, Ulaanbaatar
T: (+976) 1146 3463
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Rooms: 27 superior rooms, 66 deluxe rooms, 4 junior suites, 4 executive suites and a presidential suite.
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When the venerable auction house Sotheby’s put a “very rare and important gilt bronze figure” up for auction in early December 2014 despite protests by the Mongolian government – including a strongly worded letter from the country’s minister of culture, L. Gantumur, claiming that the artwork had been obtained illegally from Mongolia – few people aside from specialists in...
Despite increasingly cosmopolitan dining, nightlife and shopping scenes in the county’s capital Ulaanbaatar, Mongolia’s real draw lies in its countryside. With its rolling grasslands, crystal-clear lakes, weathered peaks, authentic nomadic lifestyle and roaming herds of sheep, goats, horses and other four-legged creatures, even the most jaded of urbanites will find it...
ETIQUETTE: A handshake usually accompanies a first introduction in a business setting and is used both as a greeting and farewell. Although people in urban centres are less strict about local customs when greeting, it is customary and seen as a sign of respect to offer things (a business card, pen, etc.) with your left hand under your...
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