Category Archives: compliance

Unlock the Benefits of Trade: How to Obtain a Certificate of Origin in Mongolia

A Certificate of Origin is essential for businesses exporting products, as it certifies that the goods are partially or fully produced in Mongolia. Issued by the Mongolian National Chamber of Commerce and Industry (MNCCI), this document plays a key role in international trade by verifying the origin of goods for tariff benefits, trade agreements, and legal requirements.

What is a Certificate of Origin?

According to Article 6.2 of the Mongolian Law on Chamber of Commerce and Industry, the MNCCI issues certificates of origin under the “Regulation on determining the origin of export products derived from Mongolia and on issuing the certificate of origin.” This legal document is proof that goods exported from Mongolia are either entirely or partially manufactured within the country.

Types of Certificates of Origin:

The MNCCI issues several types of Certificates of Origin based on specific trade agreements, including:

  • Certificate of Origin Form A
  • Certificate of Origin Form E
  • Certificate of Origin Form APTA
  • Certificate of Origin Form B
  • Certificate of Origin Form-D

These forms are crucial in enabling products to qualify for tariff reductions or exemptions under various trade agreements, ensuring smooth international transactions.

Required Documents for Obtaining a Certificate of Origin

Entrepreneurs looking to obtain a Certificate of Origin must submit the following documents:

  1. Copy of foreign trade contract (buying/selling)
  2. Application form
  3. Invoice (English sample with Mongolian explanation)
  4. Packing list (Invoice & Packing list in Russian/English)
  5. Copy of Incorporation Certificate (individuals provide a copy of their identity card)
  6. Document detailing product composition (if raw materials were imported, include the customs declaration)
  7. Copy of product license
  8. Quality conformity and hygiene certificates
  9. Additional documents may be required for certain certificates, including an additional examination.

Easy Online Submission

For added convenience, businesses can now submit their requests for certificates of origin online by uploading the necessary documents to the MNCCI’s platform. This streamlines the process, making it easier for businesses to meet their export requirements efficiently.

By obtaining a Certificate of Origin, businesses not only comply with international trade laws but also unlock tariff benefits and access to global markets.

Why It Matters

Securing a Certificate of Origin from Mongolia ensures your products are recognized internationally, facilitating smoother transactions, securing tariff advantages, and opening doors to global opportunities.

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“Mongolia’s Bold Move into Crypto: What You Need to Know About the New Cryptocurrency Law”

In December 2021, Mongolia enacted the Virtual Property Service Providers (VPSP) Law, bringing the nation into the digital finance era by legalizing and regulating cryptocurrency trading and exchanges. With a growing interest in crypto markets, Mongolia sought to establish a robust legal framework to protect against risks such as illicit activities while promoting transparency. Under the law, crypto service providers must register with the Financial Regulatory Commission (FRC) and adhere to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

The VPSP law also emphasizes investor protection, ensuring crypto platforms disclose risks comprehensively. Income from crypto trading is taxable but exempt from value-added tax, reflecting Mongolia’s intent to capitalize on the evolving digital economy. Beyond finance, Mongolia is exploring blockchain technology in governance, public services, and supply chain management, showing a commitment to innovation and national growth.

For businesses venturing into Mongolia’s crypto market, compliance with these regulations is crucial. The law, aimed at balancing global trends with national interests, represents an important step in Mongolia’s economic diversification strategy.

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