“The regulations came into force on 1 November, and removed restrictions placed on foreign investors in the country’s ‘strategic’ sectors, such as mining.  The law also provides investors with tax stability by freezing VAT, corporate income tax, mining royalties and customs duties at the rate applicable when the investment is made for between five and 22 years, depending on the investment amount and location within the country. Investors will also be able to freely transfer profits and assets out of the country.  International investment in Mongolia fell by 43% in the first half of 2013, following more than a year of uncertainty over the investment rules, according to Reuters.”

http://www.out-law.com/en/articles/2013/november/mongolias-loosening-of-foreign-investment-restrictions-will-open-up-natural-resources-sector-says-expert/

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