Remote’s guide to employing in Mongolia.
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We own our own entity in the countries where we operate to shield your company from risk and provide you and your employees with the signature Remote experience.
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.
3,353,470 (est. 2020)
Ease of doing business
Cost of living index
VAT - standard rate
GDP - real growth rate
To employ in Mongolia, companies must own a local legal entity in the country or work with a global employment solution. Managing payroll, benefits, taxes, and compliance in Mongolia can get complicated, especially without established local relationships.
Remote’s global employment solution makes it easy for your company to employ workers in Mongolia quickly, efficiently, and in full compliance with all applicable labor laws. We take on the responsibility and legal risks of international employment so you can focus on hiring great talent and growing your business.
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.
|Saturday, January 1, 2022||New Year's Day|
|Wednesday, February 2, 2022||Tsagaan Sar||Might vary due to lunar year calendar|
|Thursday, February 3, 2022||Tsagaan Sar||Might vary due to lunar year calendar|
|Friday, February 4, 2022||Tsagaan Sar||Might vary due to lunar year calendar|
|Tuesday, March 8, 2022||International Women’s Day|
|Monday, May 16, 2022||Great Buddha’s Day||Might vary due to lunar year calendar|
|Wednesday, June 1, 2022||Children’s Day|
|Monday, July 11, 2022||Naadam Holiday|
|Tuesday, July 12, 2022||Naadam Holiday|
|Wednesday, July 13, 2022||Naadam Holiday|
|Thursday, July 14, 2022||Naadam Holiday|
|Friday, July 15, 2022||Naadam Holiday|
|Thursday, November 24, 2022||Chinggis Khaan’s Birthday||Might vary due to lunar year calendar|
|Saturday, November 26, 2022||Independence Day|
|Thursday, December 29, 2022||Independence Day|
The Mongolian minimum wage is currently fixed at MNT420,000 ($134) per month.
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:
Learn how employment taxes affect your payroll and your employees’ paychecks in Mongolia.
2%: Medical Insurance
0.4% - 3%: Benefit Insurance
0.2%: Unemployment Insurance
11.5%: Social security
Mongolian employees are entitled to 15 days’ paid vacation every year, with additional days depending on the worker’s tenure:
Mongolia observes nine national public holidays.
Employees are entitled to paid sick leave for a maximum of 66 working days for each period of sick leave absence. The total amount per year is capped at 132 days.
The first five days of sick leave must be paid by the employer. Any subsequent days are paid from the Social Insurance Fund.
The paid sick leave entitlement applies when an employee is absent due to sickness, household accidents, or due to the instance of a miscarriage or abortion before the 196th day of pregnancy. This sick leave provision is dependent on contributions made to social insurance for a period of at least three months.
Expectant mothers, both natural and adoptive, are entitled to 120 days of paid (at a rate of 70% of the normal salary) maternity leave, starting 60 days before delivery. Adoptive single fathers are equally entitled to this childcare leave if they’re adopting newborns.
Parents of children under the age of three can take an extended childcare leave, during which their employer is required to make social insurance payments on their behalf.
An employer can terminate a worker for misconduct, dishonesty, poor performance, or any other agreement outlined in an employment contract.
The mandatory notice period is 30 days.
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.
Limited to three months.