Summary:
On 18 December 2025, the draft Law on Economic Freedom was
submitted to the State Great Khural. The purpose of the draft law
is to guarantee the economic rights of entrepreneurs, create a
favorable economic environment, and reduce state intervention in
economic activities. Once enacted, it shall apply to all
individuals and legal entities engaging in any business or economic
activities within the territory of Mongolia, except for those
activities expressly prohibited by law.
Definitions:
- "Economic freedom" means the freedom
of individuals and business entities to engage in economic
activities, which may be restricted solely on the grounds and in
the manner prescribed by the Constitution and other applicable
laws;
