ANNOUNCEMENT 01 Nov 2013

In November 2013, the government of Mongolia announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Nov 2013 | Removal date: open ended
Still in force

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. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A