LAW ON CONCESSION

The purpose of this law is to regulate matters related to the organization of tenders for granting investors concessions over state and local own  property,  the  conclusion,  revision  and  termination of  concession agreements, and the settlement of disputes.

Public-Private Partnership (PPP) Strategy 
•  Policy development, dissemination, monitoring and enforcement.
•  Individual  project  sponsorship,  design,  preparation,  execution and monitoring.
•  Financial management of funded and contingent obligations.

Foreign entities doing business in Mongolia

The  Investment  Law  stipulates  that  a  foreign  entity must  either be  incorporated as a business entity with foreign  investment (BEFI) or as a representative office in order to conduct any activity in Mongolia. A BEFI  is defined as an entity  that  is  incorporated  in Mongolia and of which at  least 25 percent of  the equity  is held by a  foreign  investor(s) whose minimum contribution to the entity is US$100,000, per such investor. A representative office is defined as an entity that is established in
Mongolia solely to operate as a representative office of a parent foreign entity such representative office does not have the power to earn revenue from business activity in Mongolia.

The 2013 Law on Investment of Mongolia is available at Invest Mongolia Agency’s website www.investmongolia.com