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

SOURCE



Investment Policy Monitor No. 12 - Unctad
http://unctad.org/en/PublicationsLibrary/webdiaepcb2014d1_en.pdf

Mongolia Sets Same Rules for Foreign Private Investors
http://www.bloomberg.com/news/2013-10-03/mongolia-sets-same-rules-for-foreign-private-investors-with-law.html

Mongolia in the making: Chinese investment there
http://usa.chinadaily.com.cn/business/2013-08/16/content_16899134.htm


Inception date: 01 Nov 2013 | Removal date: open ended

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