BRIEF INTRODUCTION TO THE LAW OF MONGOLIA ON LICENSING

The Law of Mongolia on Licensing (“Licensing Law”) regulates a relation with respect to issuing, suspending, and revoking a license to conduct certain business activities that may adversely affect public interest, human health, environment and national security and that require conditions and expertise.
Licenses required for use of land and natural resources shall be governed by the Law of Mongolia on Land, Law on Subsoil, Law on Special Protected Area, Law on Plants, Law on Animals, Hunting Law, Water Law, Law on Foreign Trade of Rare Animals, Plants and Products Derived from thereof, Minerals Law, Law on Nuclear Energy and Law on Converted Living Organism.
In accordance with Article 15 of Licensing Law, there are 18 business areas (such as banking area, area of financial institutions other than banking, area of justice, area of education, culture and science) that shall be conducted under a license.

Source: Mongol Advocates

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