Remote’s guide to employing in

Mongolia
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Make employment in Mongolia easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Mongolia, all in one easy-to-use platform.

  • Capital City

    Ulaanbaatar

  • Currency

    Mongolian tögrög (₮, MNT)

  • Languages

    Mongolian

  • Population size

    3,353,470

  • Remote-Owned Local Entity

Services available in this country:
Employer of RecordContractor Management

Facts & Stats

Mongolia Map Illustration
  • Capital City

    Ulaanbaatar

  • Currency

    Mongolian tögrög (₮, MNT)

  • Languages

    Mongolian

  • Population size

    3,353,470

  • Ease of doing business

    Easy

  • Cost of living index

    33.17 (2021)

  • Payroll frequency

    N/A

  • VAT - standard rate

    10%

  • GDP - real growth rate

    -5.3% (2020)

Mongolia is a landlocked country bordered by Russia in the north and China in the south. This Central Asian expanse is filled with breathtaking landscapes of rugged plains and rocky outcrops. The vast swathes of inhospitable land throughout Mongolia make it the world’s most sparsely populated country. Geography aside, Mongolia is rich in history. This proud nation is the birthplace of Genghis Khan and his empire —the largest in human history.

In modern times, the Land of the Eternal Blue Sky has an economy dependent on resources (particularly solid minerals), as well as agriculture, and tourism.

Grow your team in Mongolia with Remote

Looking to employ workers in Mongolia? Companies hiring in Mongolia must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.

Remote can employ your team in Mongolia on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Mongolia team. You can also pay contractors now in Mongolia with Remote in some currencies (talk to an expert now for full details).

Risks of misclassification

Mongolia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Mongolia may lead to fines and penalties for the offending company.

Employing in Mongolia

Workers rights in Mongolia are protected by the Mongolian Constitution and the Labor Code of 1999, both of which guarantee equal pay for equal work and protections against discrimination based on age, religion, gender expression, and race.

Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Mongolia.

Minimum wage

The Mongolian minimum wage is currently fixed at MNT420,000 ($134) per month.

13 Public holidays

Jan
Sunday, January 1, 20231New Year’s Day (Шинэ жил)
Feb
Tuesday, February 21, 20232White Moon Day / Tsagaan Sar - Day 1 (Цагаан сар)
Wednesday, February 22, 20233White Moon Day / Tsagaan Sar - Day 2 (Цагаан сар)
Thursday, February 23, 20234White Moon Day / Tsagaan Sar - Day 3 (Цагаан сар)
Mar
Wednesday, March 8, 20235International Women’s Day (Олон улсын эмэгтэйчүүдийн өдөр)
May
Friday, May 26, 20236Buddha Day (Бурхан багшийн Их дүйчин өдөр)
Jun
Thursday, June 1, 20237Mothers’ and Children’s Day (Хүүхдийн баяр)
Jul
Tuesday, July 11, 20238Naadam / Anniversary of the Mongolian People’s Revolution - Day 1 (Үндэсний их баяр наадам, Ардын хувьсгалын ойн баяр)
Wednesday, July 12, 20239Naadam / Anniversary of the Mongolian People’s Revolution - Day 2 (Үндэсний их баяр наадам, Ардын хувьсгалын ойн баяр)
Thursday, July 13, 202310Naadam / Anniversary of the Mongolian People’s Revolution - Day 3 (Үндэсний их баяр наадам, Ардын хувьсгалын ойн баяр)
Nov
Tuesday, November 14, 202311Chinggis Khaan’s Birthday (Их эзэн Чингис хааны өдөр)
Sunday, November 26, 202312Republic Day (Бүгд Найрамдах Улс тунхагласан өдөр)
Dec
Friday, December 29, 202313Independence Day (Үндэсний эрх чөлөө, тусгаар тогтнолоо сэргээсний баярын өдөр)

Competitive benefits package in Mongolia

At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).

Our benefits packages in Mongolia are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:

  • Health Insurance

  • Dental Insurance

  • Vision Insurance

  • Mental Health Support

  • Pension or 401(K)

  • Life and Disability Insurance

Taxes in Mongolia

Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Mongolia.

  • 7%

    Pension

  • 2%

    Medical Insurance

  • 0.4% - 3%

    Benefit Insurance

  • 0.2%

    Unemployment Insurance

Types of leave

Mongolian employees are entitled to 15 days’ paid vacation every year, with additional days depending on the worker’s tenure:

  • Six to 10 years of employment: three days

  • 11 - 15 years of employment: five days

  • 16 - 20 years of employment: seven days

  • 21 - 25 years of employment: nine days

  • 26 - 31 years of employment: 11 days

  • 32+ years of employment: 14 days

Employment termination

Termination process

An employer can terminate a worker for misconduct, dishonesty, poor performance, or any other agreement outlined in an employment contract.

Notice period

The mandatory notice period is 30 days.

Severance pay

Workers are entitled to severance pay equal to a month’s wages if they’re dismissed for military duty, business liquidation, or if they reach retirement age.

Probation periods

Limited to three months.