If a foreign state owned legal entity holds 33 percent and more percentage of the total shares issued by the legal entities of Mongolia which deal with business in the following sectors shall get permission: – Mining; – Bank and finance; – The media and communications. Following list of documents to be attached to the application for the permission: – Official request for permit of the Applicant (to be addressed to the Invest Mongolia agency); – A notarized copies (within the last 3 months) of the certificate of incorporation of the applicant issued by a competent authority of the Applicant’s country; – References of the registration authority concerning the applicant, the persons with common interest with it and the Applicant’s executive management of the last two-years; – Introduction of the main activity and shareholders of the Applicant; – The investment plan and business project to be implemented by the Applicant in Mongolia (both original and copies); – The preliminary transaction between foreign state owned entity and Mongolian entity, its type and conditions, the transaction parties, shares to be transferred, percentage of shareholding, agreement price, the charter of the legal entity, if it is agreed to make changes to management it shall be notified as well; – Financial reports and clarifications to financial statements of the foreign state owned legal entity and the Mongolian business entity (both original and copies) (To be audited); – Contact details.