CHAPTER ONE
Article 3. Definition
1. "Foreign investment" means
all tangible and intangible assets which are invested in Mongolia by a foreign
investor, for the purpose of establishing in the territory of Mongolia a business
entity with foreign investment or for the purpose of jointly operating with
an existing business entity of Mongolia.
2. "Foreign investor" means a foreign legal
person or individual (foreign national or stateless persons not residing permanently
in Mongolia and citizens of Mongolia having permanent residence abroad) who
is investing in Mongolia.
3. "Mongolian investor" means a Mongolian
legal person or individual (citizens of Mongolia and foreign nationals or stateless
persons residing permanently in Mongolia) who is making an investment.