BRIEF INTRODUCTION OF LAW OF MONGOLIA ON LICENSING
The Law of Mongolia on Licensing (“Licensing Law”) regulates a relation with respect to issuing, suspending, and revoking a license to conduct certain business activities that may adversely affect public interest, human health, environment and national security and that require conditions and expertise.
Licenses required for use of land and natural resources shall be governed by the Law of Mongolia on Land, Law on Subsoil, Law on Special Protected Area, Law on Plants, Law on Animals, Hunting Law, Water Law, Law on Foreign Trade of Rare Animals, Plants and Products Derived from thereof, Minerals Law, Law on Nuclear Energy and Law on Converted Living Organism.
In accordance with Article 15 of Licensing Law, there are 18 business areas (such as banking area, area of financial institutions other than banking, area of justice, area of education, culture and science) that shall be conducted under a license.
In order to obtain a license, an applicant shall submit the following documents:
- Application (containing types of expected manufacturing or service, intended length of such activity);
- If the applicant is a legal entity, a copy of the State registration certificate;
- If the applicant is a citizen, a copy of the ID (a licensing institution shall check by comparing a copy of the ID and original ID, and to note freely about the copy of ID is valid) and if sending by post office, a notarized copy of the ID;
- Receipt of payment of the state stamp fee;
- Other documents stated in the law depending on the specific type of manufacturing or services;
- Recommendation by the Governor of the capital city of Ulaanbaatar or aimag if required.
The authorized licensing institution shall receive and review an application and other relevant documents and shall make a decision whether to issue a license within 21 business days since the day of receiving the application, unless otherwise stated in the law.
Source: Law of Mongolia on Licensing 2001