Category: Investment

Investment is an asset reflected in the financial statement or a capital invested into the share capital of a profit organization operating in Mongolia. A foreign investor is a foreign legal entity or an individual / a permanent foreign citizen residing in Mongolia, unregistered foreign resident, Mongolian citizens permanently residing abroad /

Categories
Investment

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
Investment

Non-tax related support for investors

Non-tax related support for investors can be provided in the following ways. Those include:

  1. 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;
  2. To support investors operating in non-free zones, industrial and technology parks, and to provide registration and inspection procedures on concessional basis;
  3. 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;
  4. Support the financing of innovation projects and provide guarantees for financing the production of export-oriented innovative products;;
  5. Issuance of multiple entry visas and permanent residence permits in accordance to the relevant Laws to foreign investors who have invested in Mongolia;
  6. Other promotions specified in the applicable Laws.