Mongolia or Mongol Nation is a country in South Asia that shares boundaries with China and Russia. The country holds a population of 3.3 million; it is the world’s most scarcely populated sovereign nation. While Agriculture has been the primary source of income for most Mongolians, industries such as coal, copper, tin, etc., have been emerging.
Ulaanbaatar, Erdenet, Darkhan
Manufacturing, Construction, Mining
The local universities of Mongolia with local and world rank are mentioned:
Local: 1
World: 3586
Local: 2
World: 4886
Local: 3
World: 8172
Local: 4
World: 8256
Local: 5
World: 8586
Below listed are the average salaries in Mongolia:
| Job Title | Average Monthly Salary (MNT) | Average Monthly Salary (USD) |
| Financial Accountant | 1,300,000 MNT | 377 USD |
| Software Engineer | 1,870,000 MNT | 542 USD |
| Data Analyst | 1,720,000 MNT | 498 USD |
| Sales Manager | 3,470,000 MNT | 1,006 USD |
| Project Manager | 2,120,000 MNT | 614 USD |
Job Island, Mongolia Talent Network
275,900
In order to onboard an individual, the employer must know about the labor laws, statutory benefits, leaves, and allowances. Below listed are the key points an employer must keep in mind while seeking employees in Mongolia.
The employer must draft the employment contract in the local language, Mongolian. The employer must mention all the necessities along with the duties and responsibilities of the individual. The contract must mention leaves and bonuses provided to the employee.
The probationary period for employees in Mongolia is up to three months.
Date
| Name | Type | |
| 1 Jan | New Year | Public Holiday |
| 10 Feb | Tsagaan Sar | Public Holiday |
| 11 Feb | Tsagaan Sar Holiday | Public Holiday |
| 12 Feb | Tsagaan Sar Holiday | Public Holiday |
| 8 Mar | International Women’s Day | Public Holiday |
| 23 May | Great Buddha Day | Public Holiday |
| 1 Jun | Children’s Day | Public Holiday |
| 11 Jul | Naadam (National Day) | Public Holiday |
| 12 Jul | Naadam Holiday (National Day Holiday) | Public Holiday |
| 13 Jul | Naadam Holiday (National Day Holiday) | Public Holiday |
| 14 Jul | Naadam Holiday (National Day Holiday) | Public Holiday |
| 15 Jul | Naadam Holiday (National Day Holiday) | Public Holiday |
| 16 Nov | Genghis Khan Day | Public Holiday |
| 26 Nov | Republic’s Day | Public Holiday |
| 29 Dec | Independence Day | Public Holiday |
| Type of Leave | Time Period | Mandatory |
| Annual Leave | 15 days of leaves per annum. | Yes |
| Sick Leave | As per requirement | Yes |
| Maternity Leave | 120 days | Yes |
| Paternity Leave | 120 days, the employee must be a single father of a child under three years of age | Yes |
The payroll cycle in Mongolia is monthly.
The minimum wage in Mongolia is MNT 550,000.00 per month.
The overtime pay is generally 1.5 times the normal pay.
| Type Of Tax | Rate |
| Pension Insurance | 8.5% |
| Benefits Insurance | 1% |
| Health Insurance | 2% |
| Industrial Accident Insurance | 0.8% – 2.8% |
| Unemployment Insurance | 0.2% |
| Type Of Tax | Rate |
| Pension Insurance | 8.5% |
| Benefits Insurance | 1% |
| Health Insurance | 2% |
| Unemployment Insurance | 0.2% |
All employees are charged at a flat rate of 10%, irrespective of their income. Employees are given a tax credit of MNT 84,000 per year. Flat 20% tax rate for the non-resident individual irrespective of the income.
Value Added Tax in Mongolia is 10%.
An employment contract may be terminated on the following grounds:
The notice period before termination for regular and probationary employees starts with 30 days.
Employees are entitled to a dismissal compensation of an amount roughly equal to the employees’ average compensation for one month.
The visa process is initiated by the Mongolian employer and approved by the Mongolia Immigration agency. The individual can only apply if there is a employment contract from the employer mentioning all the details of the work and services.
