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Legislative update: Mongolia adopts new permit law www.melvilledalai.com
On 17 June 2022, the Parliament of Mongolia
adopted the Law of Mongolia on Permits (“Permit
Law”). The Permit Law will become effective on 1
January 2023. With the entry into force of the
Permit Law, the Law of Mongolia on Licensing of
Business Activities (“Licensing Law”) will be
repealed. The Permit Law combines the draft of the
Permit Law proposed by the Government to the
Parliament on 30 April 2019 and the revised
Licensing Law initiated and proposed by 22
members of the Parliament on 29 March 2019.
Overall, the Permit Law was adopted with the aim of reducing the number of licenses and permits
that are currently provided for in the Licensing Law and sector specific legislation, extending the
term of permits and setting time limits for granting and extending permits. It also aims to improve
overall transparency in the process for granting and extending permits.
For the purposes of this alert, unless otherwise provided, we use the term “permit” to refer to both
the licenses that are currently provided in the Licensing Law and the permits provided under the
Permit Law as there will no longer be a separate concept of “licenses” under the Licensing Law. Please see the full article on the link https://www.melvilledalai.com/.../LEGISLATIVE-UPDATE%3A...
Published Date:2022-09-12
