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FDI: Entry and ownership rule
On 1 November 2013 a new investment law entered into force in Mongolia. It establishes the concept 'foreign state-owned legal entity' (FSOLE) as a legal entity in which the state directly or indirectly owns more than 50% of the entity's shares.
For FSOLE's, the new law forsees obligatory approval from the newly-established Invest Mongolia Agency if it acquires more than 33% of an entity in the financial, telecommunication or minerals sector.
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