Foreign investment law (1993).

The purpose of this Law shall be to encourage foreign investment, to protect the rights and property of foreign investors in Mongolia, and to regulate matters relating to the operations of business entities with foreign investments. A business entity with foreign investment in any of the following areas shall be granted the tax preferences set forth below effective from the date of starting production activities: 1. power and thermal plants and their transmission networks shall receive 10 years of tax exemption and 50% tax relief during the following 5 year period; 2. mining and processing of mineral resources (except precious metals), oil and coal shall receive 5 years of tax exemption and 50% tax relief during the following 5 year period. The document consists of 4 chapters that contain 25 articles. Chapter 1 (arts. 1-7) lays down general provisions. Chapter 2 (arts. 8-10) regards protection of foreign investments. Chapter 3 (arts. 11-24) regards operation of business entities with foreign investments. Chapter 4 (art. 25) lays down miscellaneous provisions.