Mongolia has a number of laws and regulations governing real estate, investments and foreigners, please see below for a brief summary of each and navigate to the following pages to view the legal text in its integrality.

Real Estate Ownership Laws

At this current time there are no restrictions placed on foreigners owning property in Mongolia. The current restrictions in place apply in equal measure to Mongolians and foreigners. It is important to note that it is practically impossible to own land in the legal sense of the term, most land in the city has a renewable long term lease, once an immoveable structure (i.e a building) is constructed on the land it becomes and immoveable property (ownership of which is freehold) the land can be returned to the government at the end of the lease without any changes to the freehold ownership. Upon approval of a construction by the government every landlord is issued with an ownership certificate which can be used as collateral in banks and other financial institution; the certificates are also valid in any court of law. Neither the Government nor any other legislative body can evict landlords or confiscate property in Mongolia, the freehold properties have similar legal protection as what can be found in Europe or the USA.

Foreign Exchange Restrictions

There are no presently no restrictions applicable on Foreign Exchange transactions. There are also no restrictions placed on the flow of foreign capital in or out of the country. The currency risk associated with Mongolia is relatively low as both the economical and political sectors are stable.

 Real Estate Fiscal Environment

At this present time the fiscal environment surrounding the real estate market in Mongolia are very beneficial to investors. There is a 10% VAT which is applicable but has so far never been collected. There are no capital gains taxes or any rental income taxes applicable. No taxes are applied on privately held property nor on purchases of off plan developments. There is a 2% sales tax which is applicable upon the sale of a completed property; this tax is normally split between the buyer and the seller.