Wednesday, January 30, 2008

Repatriation of capital from Mongolia

How could I get the proceeds of the rental and sale out of Mongolia back to Europe or the US?

Mongolia is a free market economy and there is no restriction on the repatriation of capital either as a foreign individual or a foreign entity.

Foreign entities can sometimes find themselves required to pay dividend taxes, however this does not apply to the repatriation of foreign capital by individuals. Wire transfer is the best means to take money out of the country and that can be done through any of the internationally minded Mongolian banks.

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