EN MN

Pre-registration of company

Current macro-economic situation

Current macro-economic situation

As of the 2016, the nominal GDP was MNT 17,258.9 billion, which is a decrease of 1.6 percent compared to corresponding quarter of the previous year. Although the added value of the agriculture sector has increased by 2.8 percent8 the overall decrease in GDP was affected by decreases of value added in the industrial and construction sectors by 2.9 percent, and service sector by 1.7 percent.

The growth of real GDP for 2016 is projected at 1.3 percent, which is mainly driven by projected growths in the agriculture sector by 10.5 percent, electricity and heating sector by 3.0 percent, construction sector by 0.5 percent, wholesale and retail sector by 2.0 percent, transportation and storage activity sector by 8.9 percent.

In addition, the Oyu Tolgoi deposit concentrate is expected to increase by 12.5 percent in 2016, however, the expected decrease of pure copper and gold contents in copper concentrate will result in 6.9 percent decline in the mining sector in 2016. 

 
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List of documents required for permissions and key steps for foreign state owned legal entity before the establishment of a company

List of documents required for permissions and key steps for foreign state owned legal entity before the establishment of a company

According to the Article 21 of the Investment Law, if a foreign government owned legal entity holds 33 percent and more percentage of the total shares issued by the legal entities of Mongolia which deal with business in the following sectors shall get permission:

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