General understanding
The purpose of this law is to set out principles pertaining to
establishment, reorganization and dissolution of Free Zone, their
location, management powers, control systems, and determines the
legal basis for taxes, customs, entry/exit clearance, registration
of legal entities and individuals, and employment to be adopted at
Free Zone and regulates the relations connected therewith.
"Free Zone" means a special site within the territory
of Mongolia that are deemed to be outside of the customs territory
for the purposes of customs area, customs duties and other taxes,
adopting special regulatory treatments for a business activity. The
purpose for establishing a Free Zone is to increase an economic
growth by ways of accelerating regional development, facilitating
trade, introducing and adopting new technologies, increasing
transits and logistics, developing new industries of trade and
services and tourism, attracting investments, promoting
