On January 12, the Ministry of Economy and Development officially inaugurated the Investor Rights Protection Center, a new institution aimed at protecting the legitimate rights and interests of investors and fostering a transparent, stable and predictable investment environment in the country.
Opening the event, First Deputy Prime Minister and Minister of Economy and Development J.Enkhbayar emphasized that the country is consistently implementing reforms to create a more transparent, stable, and predictable business environment for investors. He stressed the importance of directly conveying the voice of investors to the government and establishing effective mechanisms to protect their interests, in line with the mandate and policy direction of Prime Minister G.Zandanshatar.
Minister Enkhbayar noted that Mongolia’s goals of expanding the economy, increasing exports, boosting production, and creating jobs are closely linked to investment, with the private sector playing a leading role in this process. However, he acknowledged that the current investment environment remains insufficiently favorable and requires comprehensive reform. In response, the government has reviewed investment policies and cooperation implemented over the past 30 years and has begun reforming the legal environment. In this context, draft amendments to the Law on Investment and a draft Law on Trade are planned for discussion during the spring session of the State Great Khural. Reforms are also underway to transform state supervision and inspection into a transparent, advisory, preventive, and risk-based system, while the draft Law on Consent has entered parliamentary discussion. These measures are aimed at supporting economic freedom and making Mongolia a more business- and investment-friendly country.
The newly established Investor Rights Protection Center will operate as a single point of contact for investors, providing essential legal information, ensuring transparency, and supporting the receipt and resolution of complaints and suggestions before they reach the court stage. With more than 200 laws regulating business relations in Mongolia, including over 40 regulations that restrict foreign investment activities, the Center is expected to play a vital role in communicating investors’ real challenges to the government and facilitating practical solutions.
The center will also work closely with the private sector and professional associations to exchange experience and information, strengthen public–private cooperation, protect the legitimate interests and property inviolability of investors, and help ensure that state intervention in business remains at an appropriate level. It will support investor participation in the development of legislation and state policies related to economic and business activities, share international best practices, and organize training and awareness-raising activities.
During the opening ceremony, policy measures aimed at investors, reforms implemented to improve the business environment, permit reforms, and the tangible results of customs and trade facilitation policies were presented in detail, followed by an open discussion among participants. The event brought together representatives of embassies in Mongolia, international organizations, business associations, and foreign-invested enterprises, who exchanged views on opportunities for cooperation within the framework of the Center’s activities.
The establishment of the Investor Rights Protection Center is expected to provide tangible support for creating a stable, transparent, and favorable investment environment in Mongolia and to elevate public–private cooperation to a new level.
