Mongolia

Ease of Doing Business in

Mongolia

This page summarizes Doing Business 2013 data for Mongolia. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Select All
Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region East Asia & Pacific
Income Category Lower middle income
Population 2,800,114
GNI Per Capita (US$) 2,320
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
76 88 down 12

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
62.0 61.0 down 1.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 39 95 up 56
Dealing with Construction Permits 121 121 No change
Getting Electricity 169 168 up -1
Registering Property 22 24 up 2
Getting Credit 53 67 up 14
Protecting Investors 25 29 up 4
Paying Taxes 70 65 up -5
Trading Across Borders 175 174 up -1
Enforcing Contracts 29 29 No change
Resolving Insolvency 127 130 up 3

Economy Profile

1661.8 KB pdf file

Download Now

Doing Business Resources

Doing Business law library Law Library

Search for business laws and regulations in Mongolia

 Contributors

See who contributed to Doing Business 2013

 Get all Data

See historical data sets and trends

Additional Topic

Additional Data

Related Websites

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 39 DB 2012 Rank 95 Change in Rank up56
DB 2013 DTF** (% points) 86.7 DB 2012 DTF** (% points) 84.7 Improvement in DTF** (% points) up2.0
YearNew business densityNumber of new limited liability companies
2011 0.563,213
Indicator Mongolia East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
7 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
12 36 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
2.4 22.4 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 13.4 13.3
No. Procedure Time to Complete Associated Costs
1 Check name for uniqueness at the State Registration Department of the Tax Authority. 1 day MNT 500
2 Pay the registration fee 1 day no charge
3 Notarize the statutes and charters of the company; notarize the schedule showing the equity share held by each partner 1 day MNT 15,000
4 Register at the State Registration Office, under the General Department of State Taxation 6 days MNT 22,000
5 Register at local Tax Office 1 day MNT 2,000
6 Apply for social security with the Social Insurance Department 1 day no charge
7 Make a seal 1 day MNT 46,000 rush delivery fee

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

Explore Economy Data

Explore Economy Data


 - OR -

OTHER OPTIONS

Close