Doing Business In Mongolia 2026

I. INTRODUCTION

Tremendous mineral reserves, agricultural endowments, and proximity to Asia's vast markets make Mongolia an attractive destination for medium to long-term foreign direct investment (FDI).

General Information about Mongolia

• Population: As of the beginning of 2025, Mongolia's total population stands at 3,544,835. In terms of population distribution, 71.2% of the population, or 2,522,210 people, reside in the capital city of Ulaanbaatar, while 28.8%, or 1,022,625 people, live in rural areas.¹
• Territory: Mongolia is a landlocked country bordered by the Russian Federation to the north and the People's Republic of China to the south. It has a total land area of 1,564,116 square kilometers. Administratively and territorially, Mongolia is divided into the capital city, 21 provinces (aimags), and 330 soums (districts). The land area per capita amounts to approximately 44 hectares per person.²