Doing Business with Mongolia

Exporting to Mongolia involves several steps. Here’s a comprehensive guide:

1. Research Market Requirements

   • Understand Mongolia’s import regulations and standards for your product.

2. Identify Local Partners

   • Establish relationships with local distributors or agents.

3. Prepare Export Documentation

   • Include commercial invoices, packing lists, and certificates of origin.

4. Arrange Logistics and Shipping

   • Choose a reliable shipping company. Ensure accurate completion of shipping documents, such as bills of lading.

5. Customs Declaration

   • Work with a customs broker to facilitate the clearance process.
   • Submit all required documentation to Mongolian Customs.

6. Understand Duties and Taxes

   • Familiarize yourself with any applicable import duties and taxes in Mongolia.

7. Distribution and Sales

   • Establish distribution channels within Mongolia.
   • Consider partnerships with local businesses for effective market penetration.

Key Contacts

• Mongolian Customs General Administration
  • Website: Mongolian Customs
• Ministry of Foreign Affairs of Mongolia
  • Website: Ministry of Foreign Affairs

Importing goods into Mongolia involves several steps. Here’s a comprehensive guide:

1. Register as an Importer

   • Ensure your business is registered with the appropriate authorities in Mongolia.

2. Classify Your Goods

   • Determine the correct Harmonized System (HS) code for your products to identify applicable duties and taxes.

3. Check Import Regulations

   • Ensure compliance with specific standards and obtain necessary permits or certifications for your goods.

4. Find a Reliable Supplier

   • Establish a relationship with a trustworthy overseas supplier.

5. Arrange Shipping and Logistics

   • Choose a reliable freight forwarder.
   • Ensure all shipping documents are in order, including the bill of lading and commercial invoice.

6. Customs Declaration

   • Work with a customs broker to submit all required documentation to Mongolian Customs.

7. Pay Duties and Taxes

   • Calculate and pay applicable import duties and taxes through the customs system.

8. Receive Your Goods

   • Arrange for the transportation of goods from the port to your warehouse or distribution center.

Key Contacts

• Mongolian Customs General Administration
  • Website: Mongolian Customs
• Ministry of Foreign Affairs of Mongolia
  • Website: Ministry of Foreign Affairs

Incorporating a company in Mongolia involves several steps. Here’s a comprehensive guide:

1. Choose a Business Structure

   • Decide on the legal structure (e.g., LLC, JSC).

2. Reserve a Company Name

   • Ensure the name is unique by checking with the Legal Entity Registration Office.

3. Prepare Founding Documents

   • Draft the Articles of Association and other required documents.

4. Submit Application for Registration

   • File your application with the General Authority for State Registration.

5. Pay Registration Fees

   • Fees vary based on the business type and structure.

6. Open a Corporate Bank Account

   • Set up a local bank account to handle financial transactions.

7. Obtain Necessary Licenses

   • Apply for any industry-specific licenses required for your business operations.

8. Register for Taxes

   • Register with the Mongolian Tax Authority for VAT and other applicable taxes.

Costs

• Registration Fees: Vary depending on the business type and structure.
• Legal Fees: Vary based on legal assistance required.

Key Contacts

• General Authority for State Registration
  • Website: State Registration
• Mongolian Tax Authority
  • Website: Tax Authority

Setting up a manufacturing plant in Mongolia involves several steps. Here’s a comprehensive guide:

1. Conduct Market Research

   • Analyze demand, competition, and location advantages in Mongolia.

2. Choose a Suitable Location

   • Consider available infrastructure, proximity to resources, and zoning regulations.

3. Incorporate Your Company

   • Register your business with the General Authority for State Registration.

4. Obtain Necessary Permits and Licenses

   • Apply for construction permits and environmental clearances from relevant authorities.

5. Secure Financing

   • Explore options through banks or investment partners.

6. Design and Construct the Facility

   • Hire architects and contractors for design and construction.
   • Ensure compliance with local building codes and safety regulations.

7. Install Equipment and Machinery

   • Purchase and set up machinery necessary for production.
   • Ensure safety and operational standards are met.

8. Hire and Train Workforce

   • Recruit skilled labor and provide necessary training.

9. Set Up Supply Chain and Distribution

   • Establish relationships with suppliers and distributors.

10. Begin Operations

    • Start production and monitor operations for efficiency and quality control.

Key Contacts

• General Authority for State Registration
  • Website: State Registration
• Ministry of Industry and Trade
  • Website: Ministry of Industry and Trade

Registering a trademark in Mongolia involves several steps. Here’s a comprehensive guide:

1. Conduct a Trademark Search

   • Ensure your trademark is unique by searching the trademark database.

2. Prepare Your Application

   • Include the trademark design, classification of goods/services, and applicant details.

3. Submit the Application

   • File your application with the Intellectual Property Office of Mongolia.

4. Pay the Application Fee

   • Fees vary based on the type and number of classes. Check with the Intellectual Property Office for current rates.

5. Examination Process

   • The application is examined for compliance and potential conflicts.

6. Publication and Opposition

   • If approved, the trademark is published for opposition. A period is given for third parties to oppose.

7. Registration and Certification

   • If no oppositions arise, the trademark is registered, and you receive a Certificate of Registration.

8. Maintain and Renew the Trademark

   • Trademarks need periodic renewal to maintain protection.

Related Costs

• Application Fees: Dependent on the number of classes and type of trademark.

Key Contacts

• Intellectual Property Office of Mongolia
  • Website: Intellectual Property Office of Mongolia

Resolving commercial disputes in Mongolia involves several steps. Here’s a guide on the process:

1. Attempt Negotiation

   • Start by negotiating directly with the other party to reach an amicable solution.

2. Mediation

   • Engage a mediator to facilitate discussions. This is quicker and less formal than court proceedings.

3. Arbitration

   • Consider arbitration for a private and binding resolution. Both parties must agree to this method.

4. Seek Legal Advice

   • Consult with a lawyer specializing in commercial law for guidance on your case.

5. File a Lawsuit

   • If other methods fail, file a lawsuit in the appropriate Mongolian court. Prepare necessary documentation and evidence.

6. Court Proceedings

   • Attend hearings and present your case. Follow legal procedures as guided by your lawyer.

7. Judgment and Enforcement

   • If a judgment is made, ensure its enforcement through legal channels.

Related Costs

• Mediation and Arbitration Fees: Vary depending on the service provider.
• Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
• Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

• Judicial General Council of Mongolia
  • Website: Judicial General Council of Mongolia
• Ministry of Justice and Home Affairs
  • Website: Ministry of Justice and Home Affairs

When considering doing business in Mongolia, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

• Language: Mongolian is the official language. English is increasingly used in business.
• Business Etiquette: Personal relationships and trust are important. Meetings often begin with small talk.

Political Factors

• Government Structure: Parliamentary republic known for political stability.
• Regulations: Business-friendly environment with ongoing reforms to improve ease of doing business.

Economic Factors

• Economic Stability: Economy largely driven by mining and agriculture.
• Infrastructure: Developing infrastructure, especially in transport and energy sectors.

Foreign Exchange

• Currency: Mongolian Tugrik (MNT).
• Exchange Rate: Subject to fluctuations; businesses should hedge against currency risks.

Rule of Law

• Legal Framework: Based on civil law with growing emphasis on transparency and efficiency.
• Judiciary: Independent, but navigating the legal system can be complex.

Business Environment

• Workforce: Young and increasingly skilled workforce with a focus on education.
• Taxation: Competitive tax rates to attract foreign investment.

Key Resources

• Mongolian National Chamber of Commerce and Industry
  • Website: MNCCI
• Invest Mongolia Agency
  • Website: Invest Mongolia