Business Service

Contact information of important departments: 

Contact information of Ministries:  

Renowned investors 

The Government of MNCCI jointly announce the TOP-100 enterprises rankings on an annual basis. These rankings are made based on the factors which are annual revenue, tax paid, the number of social insurance payers, size of earnings, and assets. In 2022, the state-owned companies with ownership of 50% of the state are not included in the rankings. In May 2023, the TOP-100 enterprises of 2022 were announced, and Oyu Tolgoi LLC was ranked 1st in this ranking. 

List of TOP 10 enterprises of 2022: 

Business associations and chambers 

In Mongolia, there are several business associations and chambers which facilitate business owners’ opportunities of networking, advocacy and training to support business, foster economic growth and promote trade and investment. The following are notable associations and chambers of commerce to refer to in Mongolia. 

The Business Council of Mongolia (BCM) 
BCM is a membership-based association of leading businesses and investors. Currently, BCM has 260 members with diverse and international members such as global companies, embassies, international financial institutions, and NGOs giving members the opportunity to network. 

Website: https://www.bcmongolia.org/en/ 

Mongolian National Chamber of Commerce and Industry (MNCCI) 
MNCCI represents the Mongolian private sector and works to improve the business environment and promote accessibility of business opportunities to companies and investors. Furthermore, MNCCI works closely with the government and relevant authorities providing consultation and information on policies to improve the legal framework of the business environment. 

Website: www.mongolchamber.mn 

The American Chamber of Commerce in Mongolia (AmCham) 
The AmCham is an independent membershipdriven organisation with the objective to strengthen, build and protect business between USA and Mongolia. In addition, AmCham in Mongolia is an official affiliate of the US Chamber of Commerce, with over 3 million members.  

Website: https://www.amcham.mn 

Australian Chamber of Commerce in Mongolia (AustCham) 
AuchCham is a business association that promotes trade and investment between Australia and Mongolia. It serves as a platform for Australian and Mongolian companies to connect, collaborate, and explore business opportunities in various sectors. Furthermore, it advocates for the interests of its members and provides resources and support to foster bilateral trade and investment between Australia and Mongolia. 

Website https://austchammongolia.com/ 

Eurochamber Mongolia 
Eurochamber was founded by leading Mongolian and European businesses and provides networking opportunities, training, and exclusive meetings with high-level government officials and diplomats from Mongolia and Europe. EuroChamber has most of the European associations as members including British embassy UB, French Mongolian Chamber of commerce, German-Mongolian business association and British association of Trade and Commerce in Mongolia.  

Website https://www.eurochamber.mn/ 

Business support services

Mongolia has several professional associations which provide crucial resources and support, uphold ethical and professional standards in addition to granting professional licenses. The key professional association to refer to in Mongolia to enhance market understanding, mitigate risks and obtain services of high ethical and professional standards are the following: 

Mongolian Institute of Certified Professional Accountants (MONICPA) 
MONICPA is a self-governing, national professional NGO whose operations include regulation of professional services including accounting and assurance; research and project implementation; accounting courses and qualifications; development of members. Furthermore, MONICPA is the only organization authorised to grant professional licenses to accountants.  

Website: http://www.monicpa.mn/c/563188 

Mongolian Bar Association (MBA)  
The MBA is a professional NGO, whose members are all professionals operating businesses in the legal field, judges, prosecutors, advocates, notaries, and lawyers. Furthermore, MBA has the full authority to conduct bar exams, grant or revoke licenses to provide professional legal services, represent lawyers, and operate the Committee of Professional Responsibility. Therefore, when seeking legal services the MBA is the place to go to find qualified individuals or entities with professional and ethical standards.  

Website: https://www.mglbar.mn/index 

Mongolian Association of Certified Tax Consultants (MACTC)  
MACTC is a professional NGO that operates to ensure tax compliance by developing professional tax consulting services that provide support for both the government and taxpayers. Furthermore, it is the only authorised body to grant, extend and revoke professional tax consultancy licenses to individuals.  

Website: https://en.cpta.mn/ 

Mongolian Institute of Certified Appraisers (MICA)  
MICA is a professional NGO that serves its members, established by appraisers and appraisal service providers with the goal of protecting their interests and elevating their skills, protecting customers’ rights and regulating the appraisal service standards.  

Website: http://www.mica.mn/c/594575 

Association of Mongolian Advocates (AMA)  
AMA is a professional NGO that represents advocates and organisations providing advocacy services, serving as a networking platform, ensuring the development of professionals, and promoting a code of ethics. AMA is authorized to conduct advocates exams and provide advocacy licenses to lawyers.  

Website: https://www.ama.org.mn/