Mongolia
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
Facts & Stats
- 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
Want to employ workers in Mongolia? Companies hiring in Mongolia are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Mongolia and keep you compliant. Remote can hire, onboard, and pay your Mongolia team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Mongolia. now to get started or talk to an expert for more 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 MNT660,000 per month.
15 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR Mongolia: Take the Tour
Competitive benefits package in Mongolia
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Mongolia are tailored to fulfill the local needs of 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
Fair Pricing in Mongolia
Employer of Record
Hire and pay your global team
Starting at $599/month
paid annually, or USD $699/month paid monthly
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localized benefits
Contractor Management
Compliantly onboard and pay contractors
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with contractors in 200+ countries and territories
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
Consolidate your multi-country payroll
$29
per employee/month
Top features
Support: Personalized assistance with a dedicated team and specialists
Accuracy: Test runs and parallel pay runs before implementation
Compliance: Adhere to local labor laws in every country
Timeliness: Accurate and on-time payroll with labor authority reporting handled
Experience: Seamless payroll with easy access to payslips and expenses
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app