Doing Business in Mongolia
Exporting to Mongolia
President Obama announced the National Export Initiative (NEI) http://www.export.gov two years ago, with the goal of doubling exports by 2014. U.S. Embassy is committed to supporting U.S. companies to start exporting or grow their exports to Mongolia. In this section, you’ll find an quick description of Mongolia as an export market and some suggestions for getting started.
Visit the export.gov page on Mongolia to get an overview of economic conditions and opportunities. Access the U.S. Commercial Service Market Research Library containing more than 100,000 industry and country-specific market reports, authored by our specialists working in overseas posts.
The Library Includes:
- Country Commercial Guides (read latest “Doing Business In” guides)
- Industry Overviews*
- Market Updates*
- Multilateral Development Bank Reports*
- Best Markets*
- Industry/Regional Reports*
- Contact your local U.S. Export Assistance Center for advice and support on exporting to Mongolia. Contact a Trade Specialist Near You (http://export.gov/eac/index.asp)
- Contact your local Small Business Development Center (SBDCs) Starting a business can be a challenge, but there is help for you in your area. Small Business Development Centers (SBDCs) are partnerships primarily between the government and colleges/universities administered by the Small Business Administration and aims at giving educational services for small business owners and aspiring entrepreneurs.
- Contact in-country business support organizations such as the American Chamber of Commerce in Mongolia
- Make use of business matchmaking services
Investing in Mongolia
Potential investors: Getting Started.
If you are considering investment in Mongolia, here are some steps you may wish to consider as you get started:
- Register with the U.S. Embassy – If you are planning a visit to consider investment, let us know by sending an email to the contact addresses on this page.
- Visit host country resources, such as Invest Mongolia Agency
- Contact local U.S. business support organizations, such as the American Chamber of Commerce in Mongolia
- Contact local business support organizations, such as the Business Council of Mongolia (link to BCM website www.bcmongolia.org)
Current investors: Staying Connected.
If you are a current U.S. investor in Mongolia, the U.S Embassy wants to stay in touch. Here are a few steps you can take to keep the channels of communication open:
- Register with the U.S. Embassy – If you are active in Mongolia, let us know by sending an email to the contact addresses on this page.
- Add us to your mailing lists – we are always happy to stay informed
- Subscribe to our embassy Facebook page or Twitter feed
- Set up a meeting with our economic or commercial team to discuss any issues that arise
Working in Mongolia
For information on obtaining a visa to visit Mongolia, visit the U.S. Embassy in Ulaanbaatar website http://mongolia.usembassy.gov/information_for_travelers.html
Make sure to check the current State Department travel advisory http://travel.state.gov/travel/cis_pa_tw/tw/tw_1764.html for Mongolia.
The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business. These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls.
More information on the FCPA can be found here.
A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue. Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA. Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.
More information on the DOJ opinion procedure can be found here: http://www.morganlewis.com
Phone: +976 7007- 6001
Fax: +976 7007- 6022
BusinessUSA.gov is the U.S. Government's official web portal to support business start-ups, growth, financing, and exporting.
Doing Business in Mongolia
All downloadable documents on this page are provided in PDF format. To view PDFs you need to have a copy of Adobe Acrobat Reader. You can download a free version by clicking the link above.
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