Are you interested in starting a company in Mongolia? Or are you looking for a trustworthy companion? Our Mongolia business team can help you completely. We can process and provide you with all the information about the Mongolia business world.

Mongolia is proceeding to build up its arrangement of business law, tax assessment, banking and outer connections with the worldwide business local area and above all the market economy. Plentiful common asset abundance and agrarian creation make Mongolia’s populace one of the possibly most extravagant nations per capita in the area. Nonetheless, changing over this potential into reality requires numerous basic elements to work in show. Attracting and protecting investors is among the most critical of these factors.

Want to invest in Mongolia?

There is no shortage of reasons why business investors choose the Mongolia – from the business-friendly environment and abundant natural resources, agriculture, green environment and workforce factors. The nation’s diversity and openness are what truly allow businesses from all countries and industries to find their place in the market – and thrive.

As the 19th largest nation by geography, the Mongolia is home to vast and varied landscapes with abundant natural resources – including coffer and coal. These diverse regions are connected by an expansive infrastructure network and services that help companies efficiently produce and move their products.

For more information, please check our Invest in Mongolia page.

Want to trade with Mongolia?

Comparatively, import & export taxes are low and the country does not have any customs barriers. Mongolia has the ability to become a competitive center because of its strategic position between Russia and China’s two largest emerging markets. Mongolia is blessed with substantial resources and proximity to major regional markets. As one of the world’s leading mineral resources, Mongolia has over 8 thousand occurrences of 1170 minefields of 80 types of mineral deposits.

As of now, the main exports products (as a percent of total exports) are coal (40%), copper concentrate (29%), gold (2%), crude oil (6%), iron ore (5%), and cashmere (5%). The main imports are industrial equipment (26%), fuel (19%), automotive (9%), electricity (2%) and the remaining imports are medicine, mobile phones, consumer goods, and food.

For more information, please check our Mongolia Trade page.

Easy doing Mongolia business

Situated strategically between Russia and China, Mongolia not only offers domestically a growing cosmopolitan market but also presents tremendous export opportunities for foreign investors in a number of sectors.

Region:East Asia & Pacific
Income Category:Lower middle income
Population:3,296,866 (As of June 10, 2020)
Capital city:Ulaanbaatar
GNI Per Capita (US$)3,580
GDP14 billion (2019) 0.02 percent of the world economy
Mongolia business table

The comparative advantages of Mongolia business:

  • Abundant but untapped natural resources
  • Vast land and pasture, a large number of livestock
  • Adjacent to the huge markets of the two largest countries, Russia and China, they have good relations with each other
  • Proximity to fast-growing markets in the Asia-Pacific region
  • In terms of human resources, Mongolia is a relatively healthy, well-educated young country
  • Pursue an open economic policy
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About us

A newly established investment promotion agency, Mongolia Business, has recently released an investment guide doing business in Mongolia. This comprehensive guide for foreign investors provides useful information on doing business in Mongolia including visa requirements, company registration, taxation, labor and trade-related laws and regulations etc. We hope this sheet will help anyone who are interested in and/or planning to start their businesses in Mongolia.

Take your trade to the another level. Investigate openings to develop your impression in Mongolia with the assistance of our services. If you want to doing business in Mongolia, please contact us