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Single-entry tourist visa available at Mongolian embassies or on arrival at Ulaanbaatar airport for eligible nationalities. Costs approximately USD 50; extendable once for 30 days at the Immigration Agency in Ulaanbaatar.
Employer-sponsored; the Mongolian company must obtain government approval and prove the role cannot be filled locally. Foreign workers are subject to a national quota; the permit is tied to the sponsoring employer.
For investors who contribute at least USD 500,000 to the Mongolian economy or own a qualifying business. Grants a 5-year renewable residency card with the right to live and conduct business in Mongolia.
Mongolia offers visa-free entry to citizens of around 60 countries including the US, EU members, Japan, South Korea, and Russia for stays typically up to 30 or 90 days. Other nationalities must obtain a visa from a Mongolian embassy or consulate before arrival. Long-term residents must register with the General Authority for Border Protection (GABP) within seven days of arrival.
Foreign nationals wishing to work in Mongolia must obtain a work permit from the General Authority for Labor and Social Protection, sponsored by a Mongolian employer. The employer must justify the hiring of a foreigner and pay a labor permit fee. Work permits are typically issued for one year and are renewable. Mongolia prioritizes domestic employment, so employers face scrutiny for foreign hires in roles that Mongolians can fill.
Spouses and dependent children of residence permit holders may apply for family reunification residence through the GABP. The process requires proof of family relationship, financial support, and accommodation. Dependent family members do not automatically receive work authorization.
Mongolia levies personal income tax at a flat rate of 10% on all income, making it one of the simpler tax regimes in Asia. Corporate income tax is also 10% for profits up to MNT 3 billion, rising to 25% above that threshold. VAT is 10%. Mongolia has signed double taxation treaties with around 25 countries including China, Russia, and key European nations.
Healthcare in Mongolia is centered in Ulaanbaatar, where private clinics and hospitals offer better quality care than public facilities. SOS International Clinic in Ulaanbaatar provides Western-standard care and serves much of the expatriate community. Medical evacuation to Seoul, Beijing, or Bangkok is often necessary for complex medical cases, making comprehensive international health insurance essential.
Mongolia's banking sector is dominated by Khan Bank, Golomt Bank, Trade and Development Bank, and Xac Bank. Foreign nationals with residence permits can open bank accounts with a passport and local registration documentation. Mongolia's currency, the togrog, is not freely convertible, and foreign exchange controls apply to capital transfers above certain thresholds.
Mongolia offers a Special Investor Residency Card for foreign nationals investing at least MNT 1 billion (approximately USD 300,000) in a Mongolian company that employs at least five Mongolian workers. The card is valid for five years and renewable. Mongolia also offers incentives for foreign investors in priority sectors such as mining, energy, and agriculture through its investment law.
| Program | Min. Investment | Residency | Citizenship |
|---|---|---|---|
| Special Investor Residency Card | — | No | No |