Real Estate
Ulan Bator, Mongolia
Introduction
Our Businesses
Charity
Other Info
Since the political changes of 1990, Mongolia's political and economical systems transited to a market oriented democracy. The changes of those last 15 years + has opened Mongolia to foreign investment with every year more companies, investment funds and individuals investing in one of Asia's fastest growing democracy.
What we offer:
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We are specialised in rental, sales and purchase of property: apartments, houses, industrial buildings, settled businesses, land for construction, etc...
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We buy property for you and register it in our name of the name of your company.
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We rent your property to foreigners or locals.
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We pay taxes and building maintaining costs of your property.
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We maintain, fix and repair your property when needed.
The Mongolian Real Estate Market
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Over the last few years there is a growing demand for property.
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Mongolian economy is booming and more Mongolian can afford the purchase of a property.
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A lot of young Mongolian man work abroad, making money to buy property for live or business purtposes.
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Mongolia is a lucrative market for Chinese companies selling Chinese products on the Mongolian market.
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Mongolia is becoming the future source of resources for the growing Chinese economy and an attractive business partner for international mining companies. Each year those companies import a growing numbers of expats.
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The Mongolian market and the favourable investing conditions in Mongolia attracts in increasing number of small foreign investors, all looking to rent or buy property.
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The increase in wealth of Mongolian people and the fast growing foreign population which also places demands on apartments in the city.
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The Mongolian real estate industry has a nascent construction industry with insufficient financing and production capacity.
Real Estate Ownership Environment for Foreigners
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There are no restrictions places on foreigners owning apartments, building, garages, etc. Equal measures are applied to Mongolian and foreigners.
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There are however restrictions to foreigners regarding the lease and ownership of land. A foreign individual is not allowed to own or lease land in Mongolia. A foreign registered company is allowed to lease land, build on the land and sell the construction build on the land, but is not allowed to buy land.
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When buying a property, landlord obtains an ownership certificate issued by the Mongolian authorities, which can be used as collateral in banks and other financial institution. This certificates is a prove of ownership and is valid in any court of law.
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Neither the Government nor any other legislative body can evict landlords or confiscate property in Mongolia, the freehold properties have similar legal protection as what can be found in Europe or the USA.
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There are no restrictions placed on the flow of foreign investment in or out of the country. A landlord willing to sell his property can repatriate is investment without any restriction or taxes. The currency risk associated with Mongolia is relatively low as all properties are evaluated in USD.
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At the present time, the fiscal environment surrounding the real estate market in Mongolia are very beneficial to investors. In Mongolia there is a 10% VAT tax but it has never been collected on real estate transaction. There is however a 2% tax applicable upon the sale and a property. There is no capital gains taxes or any rental income taxes applicable if the property is privately owned. If the property is owned by a company there will be 10% income taxes applicable.
Price evolution over the years
© Invest in Mongolia 1996 - 2008
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