Amendments to the law of Mongolia on investment
On the plenary session of the State Great Khural (the Parliament) dated October 7, 2021, the draft law on amending the Investment Law submitted by MP Kh.Gankhuyag was discussed and 51.9 percent of the members who participated at the plenary session voted in favor and transferred to the Standing Committee on Economic Affairs to prepare for the first discussion.
Liquidation process of Legal entity
According to the October statistics of the State Registration Office of Mongolia, total of 67 legal entities were liquidated in October 2021.
Legal alert: update of procedures for issuance of visa, visa permit, and residence permit of Mongolia, their service fee
The Law of Mongolia on the Legal Status of Foreign Nationals (2010) has been amended in accordance with the Law on Amendment to the Law on the Legal Status of Foreign Nationals, dated December 31, 2020. Following the amendments, the Visa Issuance Procedure of Mongolia, Procedure for Residence of Foreign Nationals in Mongolia and their Registration, and Visa Service Fee have been revised.
Unfair Competition in the Use of Intellectual Property Objects:
Problems and ways to protect a Trademark in Mongolia
Mongolia is a member of the World Intellectual Property Organization and has acceded to major treaties and conventions related to intellectual property. Also signed and ratified the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
GRATA Mongolia held the webinar: Introduction of the Revised Labor Code of Mongolia
We are glad to invite you to our upcoming webinar which will be held on September 20, 2021. The main topic of the webinar will be on ‘Introduction of the Revised Labor Code of Mongolia’.
Mining Mongolia 2021
Mongolia is a country with a rich mineral resources, which is a attractive environment for foreign direct investment, and the Government of Mongolia is dedicated to attract more foreign investment and use all of its mineral resources. As shown in the diagram, 70 percent of foreign investment is in the mining sector, and the remaining 30 percent is in trade, food, banking and financial service, and other sectors.
21.06.2021
On December 31, 2020, the plenary session of the State Great Khural (the Parliament) adopted new amendments to the Law on the Legal Status of Foreign Citizens, and these amendments entered into legal force on June 1, 2021.
GRATA Mongolia held a Doing Business webinar
On May 27, 2021, leading experts from GRATA International held an online webinar on Doing Business in Mongolia.
11.05.2021
According to the amendment to Recommendation 15 of the International standards on Combating money laundering and financing of terrorism & proliferation (FATF 40 recommendations), dated October 2018, the terms “virtual asset” and “virtual asset service providers” have been added to the general glossary of FATF recommendations and the “virtual asset” has become subject to anti-money laundering and counter-terrorist financing system of countries.
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Ulaanbaatar, Mongolia