ANNOUNCEMENT 01 Nov 2013In November 2013, the government of Mongolia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Investment Policy Monitor No. 12 - Unctad
Mongolia Sets Same Rules for Foreign Private Investors
Mongolia in the making: Chinese investment there
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.