EuroChamber was founded by leading European and Mongolian companies with a strong support from the EU Delegation, to contribute to positive business environment in Mongolia through its work as a united voice of European and Mongolian businesses, and to increase business between Europe and Mongolia.

Contacts

UBH Center, 11th Floor, Suite No 1111, 1 st khoroo Sukhbaatar District, Ulaanbaatar Mongolia

info@eurochamber.mn

(+976) 9575 2050

Foreign Direct Investment News

On September 25th, 2024, the EuroChamber FDI Working Group held its monthly meeting with Mr. Anar B., Director of the Investment Policy Department at the Ministry of Economy and Development, as the guest speaker. He provided detailed insights into the new government’s policies on investment and exports, with a particular focus on the 14 mega projects outlined in the Government Action Plan 2024-2028.

Additionally, participants discussed strategies for effective FDI policy advocacy.
EuroChamber’s Foreign Direct Investment (FDI) WG mainly comprises of companies in the mining, legal and financial sector, and suppliers to the mining industry. In November 2022, the WG issued a position paper on the Minerals Transfer Tax, raising concerns on the valuation methods imposed by the Mongolian Tax Office on the transfer of special licenses. Draft Investment Law, draft Commercial Law and others are also being discussed within the group.

The WG is chaired by Mr. Daniel Mahoney, Partner at MahoneyLiotta LLP, and co-chaired by Ms. Ariuntuya R., Legal Director at Badrakh Energy LLC.