Mongolia to ease foreign investment law | Ubpost News: "Cabinet Minister Ch.Saikhanbileg last week submitted a revised draft of the “Law on Regulation of the Foreign Investments in the Strategically Significant Industries” to parliament.
The law in question currently requires foreign investors to obtain parliamentary approval when contributing more than a 49 percent stake or investing more than 100 billion MNT (70 million USD) in “strategic sectors,” which include the mineral resources, banking, finance, media, and telecommunications industries.
Aiming to ease conditions that may currently be discouraging investors, the amended law would increase the foreign investment threshold to 1 trillion MNT (719.7 million USD). The government clarified that the main target of the law is foreign state-owned investors, not private companies."
'via Blog this'
