CHAPTER THREE
OPERATION OF BUSINESS
ENTITIES
WITH FOREIGN INVESTMENT
Article 11. Business Entity with Foreign
Investment.
1. A business entity which is incorporated
under the laws of Mongolia and in which the contribution of a foreign
investor is not less than 20 percent of the share capital shall constitute
a business entity with foreign investment.
2. A business entity with foreign investment
shall become a legal person of Mongolia from the date of its
incorporation and shall conduct its operations in accordance
with the laws of Mongolia.