MSE

Foreign Investor Hub

Your gateway to investing in the Mongolian Stock Exchange. Access market data, understand regulations, and start investing in Mongolia's growing capital markets.

Why Mongolia?

Mongolia offers a compelling investment opportunity, supported by abundant natural resources, a strategic location between China and Russia, and a commitment to an open investment environment.

GDP Growth (2025)6.8%
Total Exports$15.4B
Foreign trade turnover (2025)27.1$
Total Market Cap₮13.8T
Listed Companies160+

Abundant Natural Resources

Mongolia is endowed with substantial reserves of copper, gold, coal, rare earth elements, and other critical minerals, positioning the country as an important supplier of resources that support global industrial growth and the energy transition.

Oyu Tolgoi — Top 10 copper deposit globally

Young and Growing Economy

A young workforce, increasing urbanization, and ongoing investment in strategic industries position Mongolia for sustained long-term economic growth and expanding investment opportunities.

6.8% GDP growth (2025 est.)

Open Investment Framework

Mongolia offers an open and transparent investment environment, mostly allowing 100% foreign ownership in most sectors. Foreign investors benefit from legal protections and may freely repatriate capital, profits, and investment returns, subject to applicable laws, tax obligations, and standard banking requirements.

180+ listed companies across 9 sectors

Market Overview

Key indices and sector performance

Total Market Cap—
2026-09-25
Daily Volume (Avg)—
2026-09-25
Listed Companies—
2026-09-25
Member Broker—
2026-09-25
MSE-Top 20
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MSE - A
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MSE - B
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FTI
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How to Invest in Mongolia

A step-by-step guide for international investors

Key Facts for Foreign Investors

Trading Hours10:00 – 15:00 (UB time, UTC+8)
SettlementT+2
CurrencyMNT (Mongolian Tögrög)
FX AccessUSD / EUR accepted by most brokers
DividendsTaxable at source
RegulatorFinancial Regulatory Commission (FRC)

Foreign Investor Guide

Complete guide to investing in Mongolian securities — regulations, account opening, tax treatment, and settlement.

Download PDFPDF · English · Updated March 2026

Regulations & Compliance

Mongolia's capital market is regulated by the Financial Regulatory Commission (FRC), operating under internationally-aligned frameworks.

Financial Regulatory Commission of Mongolia

The FRC is Mongolia's unified financial regulator overseeing securities, insurance, and non-bank financial institutions. Established under the Financial Regulatory Commission Law (2005).

The FRC operates under IOSCO principles and has implemented reforms to align Mongolia's market with international standards for foreign participation.

Market SupervisionEnsuring fair, transparent, and efficient markets.
LicensingRegulating brokers, custodians, and market participants.
EnforcementInvestigating market abuse and non-compliance.

Financial Regulatory Commission

Find Broker

Choose a brokerage firm from the list of MSE member securities companies.

Tax Treatment & Capital Repatriation

Foreign investors are generally subject to Mongolian withholding tax on dividends and capital gains. Mongolia maintains a network of double taxation agreements. These treaties serve to eliminate or reduce double taxation of income earned in one country by a resident of the other, and they provide mechanisms for resolving tax disputes between the countries. The treaties typically cover income tax, corporate tax, and withholding taxes on dividends, interest, and royalties.

Applicable rates depend on the investor's country of residence, the type of income and the treaty in force. Tax information is provided for general guidance only and may change. Consult a qualified tax advisor for your specific situation.

Repatriating Capital from Mongolia

1
Sell PositionExecute trade through broker; T+2 settlement
2
Convert CurrencyConvert MNT proceeds to USD/EUR at commercial bank rate; banking documentation required
3
Wire TransferInternational wire via correspondent bank; standard SWIFT documentation applies

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Foreign Investor Hub · Монголын Хөрөнгийн Бирж