Today MP and Minister of Justice S.Byambatsogt held press session on problems facing to foreign investors and protecting investors from burden of administrative and legal institutions.
According to the order issued by the Prime Minister, a working group led by Minister S.Byambatsogt, to examine bureaucracy, burden and groundless investigation conducted on the investors have established.
He noted that the working group will receive complaints to a bureaucrats and burden of state and legal institutions until Sep 15th.
He stated: "Investment stood at USD 4.7 billion in 2011 and it has decreased to USD 36 million as of first quarter of 2016. In other words, foreign investment has lowered by 130 times in last for years. Even, bureaucracy of civil servants is not the only reason to this, we need to examine. Clear and stable state policy attracts foreign investors. Newly formed Government will follow policy to protect investors from bureaucracy and illegal burden. This working group has established with the aim to support taxpayers and wealth creators".
Email to receive complaint letters from investors: medeelel@moj.gov.mn
Phone to receive complaint call from investors: (51)-263682
Currently, 200 foreign and 5000 domestic individuals were banned from traveling outside the country and the reasons will be notified soon.
Today MP and Minister of Justice S.Byambatsogt held press session on problems facing to foreign investors and protecting investors from burden of administrative and legal institutions.
According to the order issued by the Prime Minister, a working group led by Minister S.Byambatsogt, to examine bureaucracy, burden and groundless investigation conducted on the investors have established.
He noted that the working group will receive complaints to a bureaucrats and burden of state and legal institutions until Sep 15th.
He stated: "Investment stood at USD 4.7 billion in 2011 and it has decreased to USD 36 million as of first quarter of 2016. In other words, foreign investment has lowered by 130 times in last for years. Even, bureaucracy of civil servants is not the only reason to this, we need to examine. Clear and stable state policy attracts foreign investors. Newly formed Government will follow policy to protect investors from bureaucracy and illegal burden. This working group has established with the aim to support taxpayers and wealth creators".
Email to receive complaint letters from investors: medeelel@moj.gov.mn
Phone to receive complaint call from investors: (51)-263682
Currently, 200 foreign and 5000 domestic individuals were banned from traveling outside the country and the reasons will be notified soon.