Remote’s guide to employing in

Mongolia
mongolia flag

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

Services available in this country:
Employer of Record ProductContractor 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 Labour 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.

8 Public holidays

Jan
Monday, 1 January 20241New Year's Day (Шинэ жилийн өдөр)
Feb
Saturday, 10 February 20242Mongolian Lunar New Year's Day (Цагаан сарын баярын өдөр)
Sunday, 11 February 20243Second Day of the Mongolian Lunar New Year (Монголын цагаан сарын шинийн хоёр дахь өдөр)
Jun
Saturday, 1 June 20244Mother's Day and Children's Day (Хүүхдийн өдөр)
Jul
Thursday, 11 July 20245Naadam Festival (Наадам)
Friday, 12 July 20246Second Day of the Naadam Festival (Наадмын хоёр дахь өдөр)
Saturday, 13 July 20247Third Day of the Naadam Festival (Наадмын гурав дахь өдөр)
Nov
Tuesday, 26 November 20248Republic Day (Бүгд найрамдах 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 practising “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 fulfil 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 holiday 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.

Fair Pricing in Mongolia

Employer of Record

Hire and pay your global team

Starting at US$599/month

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, localised benefits

Contractor Management

Compliantly onboard and pay contractors

US$29

per contractor/month

Start free trial

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries

  • Create, edit, and sign tailored, localised contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Global Payroll

Consolidate your multi-country payroll

US$50

per employee/month

Top features

  • Reduce costs by centralising payroll management

  • Ensure local compliance for every country

  • Direct support from in-house local payroll experts

  • Accurate, on-time, compliant payroll to level-up your employee experience

  • Tax and labour authority reporting handled for you

HRIS

Manage all of your employees in one place

Free
Sign up

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