- Application form for legal entities /download here/;
- An official letter for opening a new bank account;
- Notarized copy of ‘State Registration Certificate’;
- Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of ID card of the authorized personnel to dispose with an account;
- Additional documents /if necessary/.
Month: May 2022
Categories
Benefits
- Covering from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- Receive interest payments every quarter;
- Corporate income tax
- About business license
- About minerals
- About the bank
- About construction
- On the legal status of foreign citizens
- About the company
- About social insurance
- About value added tax
- About accounting
- General Tax Law
- ХAbout Labor – Revised
- About investment
- About personal income tax
- About sending labor force abroad, hiring labor force and specialists from abroad
Categories
Terms and conditions
|
Gold deposit terms |
||||
| Account currency |
XAU- GOLD /OZ/ |
|||
| Tenor |
1 – 3 months |
6 months |
9 months |
12 months |
| Annual Interest rate |
2.25% |
2.5% |
2.75% |
3.0% |
| Interest rate upon early termination of contract /annual/ |
1.0% |
|||
| Fees for withdrawing cash from savings |
1.5% |
|||
| Minimum deposit |
– |
|||
| Interest payments |
Quarterly |
|||
| Savings book |
Free |
|||
Categories
Fees and charges
- Application form for legal entities /download here/;
- An official letter for opening a new bank account on company headed notepaper;
- An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
- Notarized copy of the ‘State Registration Certificate’;
- Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of the applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of the ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.
- All types of civil registration certificates, including ID cards, passports, birth and marriage certificates,
- Civil registration and police reference
- Certificate of education at all levels
- Court and prosecutor’s decision
- Other documents issued by the state administration
- The submitted documents must be translated into a language used in the country by a certified translation agency and notarized by Mongolia.
1. The original personal copy of the document shall be notarized.
2. The submitted documents shall be translated into the language used in the country by a certified translation agency and notarized by Mongolia.
3. The application form for the Apostille certificate must be completed.
4. Please note that another copy of the Apostille Certificate must be attached to this form.
5. Attach proof of payment of Apostille certificate fee.
DOWNLOAD APOSTIL CERTIFICATE FORM
Apostille certificate fee total 22,500 MNT / pay to the account below /
Stamp fee for Apostille certificate: 20,000 MNT, Account: 102100001715, State Bank, Recipient: Ministry of Foreign Affairs
Payment for Apostille certificate securities: 2,500 MNT, Account: 100900016401, Treasury, Recipient: Ministry of Foreign Affairs
– Payment can be made at the “Gerege Kiosk” located in the service hall of the Consulate.
Documents used in countries where the Apostille Certificate is not permitted shall be certified by the Consulate.
Note:
1. If the confirmation document is
– a diploma of higher education is a certificate from the graduate school confirming its authenticity,
– Vocational education certificate or high school diploma must be certified by the relevant state or district education department, certified by a translation agency in a language used in the country and notarized.
2. The Apostille certificate shall be issued 3 working days after the date of submission of the materials.
3.Documents certified by a notary shall be legible, unedited, and the signature and seal shall be clearly visible.
- The official number of the entity that completed Form 1
- Receipt of payment of service fee (MNT 25,000 / per person, Treasury, Social Welfare Department 100900017002 account)
- A copy of the state registration certificate of the enterprise
- Certificate of license and a copy of its annex
- A copy of the government if exempted from quota by government decree
- Social Insurance Forms ND-7 and ND-8 for the last month confirming how many employees pay social insurance premiums to the organization
- Reference from the Ministry and agency of the employment sector
- Proposals from the Labor and Welfare Service Departments and Divisions of the respective state and districts
- Employment agreement with a foreign legal entity and its translation into Mongolian (with a stamp certified by a translation agency)
- Copy of foreign passport
- Copies of professional diplomas and certificates proving university graduation in the field of foreign employment (stamped by the translation agency)
- Bring the following materials:
Form-1
UAMAT-08
Form-5
Form-5
Form-6
Form-7
Download link to the form: Урилга (hudulmur-halamj.gov.mn)
Categories
EMPLOYMENT LICENSE
- Official letter from the enterprise inviting foreign workers and specialists with “HG” visas from abroad within 10 working days after entering the country and filling out the Form 2 in detail “Requesting a work permit”
- Receipt of payment for service fee (MNT 22,500 / per person, Treasury, LSWA account 100900017002)
- Receipt of payment for work place (640000 MNT/ per person / month, Treasury, account 100900037010), Note: The relevant fee will be paid to the specialist after checking the materials. (From January 1, 2020, the salary will be changed to MNT 840,000 / per person / month)
- Receipt of price for ‘Work permit in Mongolia’ (3000 MNT / per person, Treasury, Department of Social Welfare and Labor 100900017002), 1 photocopy of the certificate of employment (requirement: size 3 × 4 cm, blue background, last Must be taken within 6 months, clear)
- A copy of the state registration certificate of the enterprise
- Certificate of license and a copy of its annex
- A copy of the government if exempted from quota by government decree
- A copy of the foreigner’s passport and a stamped page on the HG visa
- Conclusion of medical examination in accordance with the form approved by the joint order of the Minister of Health and Labor, the conclusion should be legible and stamped)
Download link: Permission (hudulmur-halamj.gov.mn)
Categories
EXTENSION OF WORK PERMIT
- Official letter completed in accordance with Form 3, detailing the need for the enterprise to continue to employ foreign workers and specialists
- Receipt of payment of service fee (MNT 22,500 / per person, Treasury, Social Welfare Department 100900017002 account)
- Receipt of payment for the extended period of work (640,000 MNT / per person / month, Treasury, FES account 100900037010), Note: The relevant fee will be paid to the specialist after checking the materials. (From January 1, 2020, the salary will be changed to MNT 840,000 / per person / month)
- ‘Work permit in Mongolia’ will be renewed. (3000 MNT / per person, Treasury, Social Welfare Department 100900017002 account). If the renewal period is over, the license will be reissued. 1 copy of the ID card (Requirement: size 3 × 4 cm; blue background, taken within the last 6 months, clear)
- A copy of the state registration certificate of the enterprise
- Certificate of license and a copy of its annex
- Copy of residence permit
- A copy of the government if exempted from quota by government decree
- Social Insurance Forms ND-7 and ND-8 for the last month confirming the number of employees who pay social insurance premiums in the organization
- Employment contract concluded with a foreign legal entity and its translation into Mongolian (Requirements: Employment contract must be extended, certified by a translation agency)
- Copy of foreign passport (with HG visa stamp)
- If the length of service in Mongolia is more than 6 months, repeat the HIV test, and if it is more than 1 year, repeat the 5 types of tests. cover letter.
Download link to the form – Extension (hudulmur-halamj.gov.mn)
- Reference from the Ministry and employment sector / Note: Applicable only to the Education sector /
Categories
WITHDRAW OF WORK PERMIT
- Official letter from the enterprise filling out the Form-4 “On deregistration of the GEF”
- Receipt of payment of service fee (12000 MNT / per person, Treasury, Social Welfare Department 100900017002 account)
- A copy of the state registration certificate of the enterprise
- Copied on the front of the A4 size paper with the passport of the foreign citizen and the page with the stamp of “HG” visa, the original copy of the “Work permit issued in Mongolia” issued by the Social Welfare Department and the “Residence permit issued in Mongolia” issued by the Customs Office must be accompanied by an extended copy of
- Other materials as needed
Categories
Tax related support for investors
| Investment agreement | An investment of more than 500 billion MNT |
| Stabilization certificate | VAT, Corporate income tax, Custom Duty, Mineral resource royalty |
| Free economic zones | Exempt from taxes for the first 5 years |
| Small and medium enterprises |
|
Imported machinery and equipment may be exempted from customs duties during the construction period and value-added tax may be imposed at a rate of up to ‘0’ in the following cases:
- Construction of a factories that produce oil, construction materials, products for export (export products) and those that engage agricultural processing activities;
- Construction of factories that engage in production of nano, bio and innovative technologies;
- Construction of power plants and railways.
Categories
Non-tax related support for investors
Non-tax related support for investors can be provided in the following ways. Those include:
- Lease a land under contractual terms up to 60 years. Extend the contract up to 40 years under the same terms once after the end of the first contractual term;
- To support investors operating in non-free zones, industrial and technology parks, and to provide registration and inspection procedures on concessional basis;
- To support the implementation of infrastructure, industrial, scientific and educational development projects, increase the number and quantity of foreign labor and specialists, exempt from job fees, and issue relevant permits on a concessional basis;
- Support the financing of innovation projects and provide guarantees for financing the production of export-oriented innovative products;;
- Issuance of multiple entry visas and permanent residence permits in accordance to the relevant Laws to foreign investors who have invested in Mongolia;
- Other promotions specified in the applicable Laws.
Categories
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