Mongolia's Legal and Tax Systems

Foreign citizens have the same rights as Mongolians, enjoying a wide range of legal protections. The State recognizes all forms of public and private property and protects the rights of the owner by law.

Applicants for land possession must be Mongolian citizens, companies or organizations.

Property ownership to foreign investors is available in a form of a “floating freehold”, with a centrally registered Immovable Property Certificate issued to the investors.

In addition to encouraging FDI, the Mongolian government has adopted a highly favorable tax regime, both for individuals and companies.

Personal income tax is fixed at 10% and corporation tax varies from 10 to 25%. VAT is charged at 10% and there is no capital gains tax. The table below compares Mongolia with its’ neighbors in terms of tax obligations of an unincorporated entity.