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Foreign Direct Investment
Foreign Direct Investment
Euro chamber Mongolia
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.
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