CHAPTER TWO: PROTECTION OF FOREIGN INVESTMENT

Article 9. Rights and Duties of Foreign Investors

1. Foreign investors shall enjoy the following rights:

1) to posses, use and dispose of their property, including repatriation of investments that were contributed to the share capital of a business entity with foreign investment.

2) to manage or to participate in managing a business entity with foreign investment.

3) to employ  Mongolian citizens in accordance with the Labor law of Mongolia.

4) to promptly transfer abroad the following returns:

a) their share of profits and dividends.

b) their share of the proceeds from the sale of their assets or securities and proceeds from the transfer of their property rights to other persons or proceeds from their withdrawal from or the dissolution of their business entity.

c) loan principal and interest, and any other similar payment,

d) proceeds from the sale of their securities,

e) compansention with respect to their expropraited assets,

f) any other income allowed by the laws of Mongolia.

5)  A foreign investor may, in accordance with the laws of Mongolia, purchase shares or other securities of any business entity operating within the territory of Mongolia.

 2.  Foreign investors shall observe the laws and regulations of Mongolia.