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.
Categories
Home

Байгууллагын гадаад төлбөр, тооцоо

Дэлгэрэнгүйг энд дарж харна уу

Categories
Home

Иргэдийн гадаад төлбөр, тооцоо

Дэлгэрэнгүйг энд дарж харна уу.

 

Categories
Syndicated loans

Syndicated Loan

A syndicated loan is a loan scheme in which one or more banks and financial institutions jointly provide long-term investments to meet the financial needs of a single customer, and co-provide your financial needs. 

We can provide syndicated loans in cooperation with Mongolian and international banking and financial institutions.

Please contact us at tfd@transbank.mn

Categories
Factoring Service

Factoring Service

Factoring services can be used by both importers and exporters.

We offer you short-term international financing instruments that can increase your sales turnover.

Please contact us at tfd@transbank.mn

Categories
Trade loans

ECA Covered Financing

We offer you long-term loan financing with favorable conditions for the purchase of imported goods and services with a high value for the investment, production and infrastructure development sectors. 

Please contact us at tfd@transbank.mn

Categories
Trade loans

Post Shipment Financing

In order to support our client’s import turnover and enhance their working capital, we are offering short and medium-tenured financing solutions, tailored to the lifecycle of the underlying goods, with competitive rates to finance the import value after the shipment of the goods.

Categories
Trade loans

Pre-Shipment Financing

To support our client’s cross-border trade business and enhance their working capital, we are offering short and medium-tenured financing solutions with competitive rates to both exporters and importers to finance the trade value before the shipment of the underlying goods.

Categories
Collection Service

Key advantages

  • The Importer can defer the payment of the shipped goods using the D/A collection option upon mutual agreement with the counterparty 
  • The Exporter can receive the payment as quickly after shipping the goods and dispatching the documents to the importer
  • The documents provided under the collection service enable greater security of payment to the exporter compared to the open account service. 
  • Less legal risk by adhering to the International Chamber of Commerce Rules.
Categories
Collection Service

Collection service – Process flow

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Categories
Collection Service

Fees and Commission

COLLECTION SERVICE  

Fees and commission
Advising of collection  

USD 10.00
Advising of refusal to make payment or receiving of documents

USD 10.00
Receipt of amendment  to collection instruction

USD 10.00
Release of documents against payment

USD 30.00
Release of documents against acceptance

USD 5.00
Release of documents against other instruction(s)

USD 50.00
Payment against acceptance

USD 25.00
Returning of unpaid documents

USD 10.00
Dispute regarding unpaid draft

USD30.00 + other charge
Release the underlying goods sent to the disposition of bank

USD 20.00

 

Categories
Collection Service

Financial advice

We are keen to work together to provide you with valuable financial advice and bring your business up to international business standards, from the time that you sign a trade agreement until receive your goods as an importer and receive payment for the goods that you sell as an exporter.

Please contact us at tfd@transbank.mn

Categories
Finance and Tax

Registration of Representative office

  • Registration of taxpayers, making amendments and removal.
  • An entity covered by Article 6 of the Corporate Income Tax Law shall submit the following documents 10 days prior to the commencement of operations and submit an application for registration as a taxpayer to the tax administration electronically or on paper:
  • An application form for taxpayer registration
  • Resolution of a foreign business entity establishing a representative office in Mongolia, stating the operational areas, duration, name of management team and number of employees;
  • Tax-resident certificate
  • Documents proving the registration of the parent company as a legal entity /copy /, copy of company charter;
  • A copy of the agreement concluded with a Mongolian entity proving the income source is originated from Mongolia
  • Evidence of address and location of the representative office
  • Resolution and power of attorney appointing the head of the representative office;
  • Copies of the application form and documents of the representative office /if the management is a Mongolian citizen, a copy of the ID card is required, if the management if foreign citizen,  a temporary ID card registered with the Foreign Citizenship Office and a copy of the passport is required/;
  • Beginning financial statement of Representative office
Categories
License to provide consulting services for roads and road facilities

Required materials

  1. Applicant information
  2. Application for the related type of work involved
  3. Management information
  4. Engineer and technician information
  5. List of machinery and equipment
  6. Production base and site information
  7. Once the application has been received, the Working Group may request other documents during the review process.
  8. Equipment and tools must meet the technological components, quantity and use requirements for the work, and at least 60% of the total machinery and equipment shall be the asset of the applicant.

 

An application is reviewed and resolved within 21 working days from the date of receipt of the documents from the in accordance with Article 12 of the Law on Licensing of Business Activities.

Categories
Finance and Tax

To register a legal entity registered in the state registry as a taxpayer

  1. Filling of the taxpayer registration form (Form TB-01 for corporates and TB-02 for other organizations)
  2. Copy of certificate of registration
  3. Charter of a legal entity
  4. Founder’s application form, copies of ID card
  5. Bank account statement of the legal entity
  6. Management application form and copy of ID card
  7. Renting agreement (if the office is rent basis)