Mongolia Country Profile

For more details visit Mongolia Passport Ranking
  • Passport Grade
  • Passport Ranking
  • Passport Score
  • Visa-free Countries
  • Visa-required Countries
  • Access to the World's GDP
  • Access to the World's Surface Area
  • Access to the World's Population
  • Access to the Unesco Sites
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    No provisions
Naturalization - Standard Conditions
  • Minimum residency period
    5 years
  • Physical presence requirement
  • Language test
    Yes, Mongolian
  • Need to renounce original citizenship?
  • Can minor children naturalize?
  • Can naturalized parents pass citizenship to a child born abroad?
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    No provisions
  • Living ABROAD: Marriage requirement
    No provisions
  • Language test
    No provisions
  • Need to renounce original citizenship?
    No provisions
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    No provisions
  • Citizens of specific countries
    No provisions
"–": The provision has not been analysed.
For more details visit Cost of Living
  • Taxation Type
A tax resident of a country with a RESIDENCE-BASED tax system pays taxes on their WORLDWIDE income. However, if you lose tax residency status there (e.g., by moving out), the country will generally stop taxing you.
Schiff Sovereign's Take on Mongolia
Mongolia has so much potential. 

Boasting vast mineral resources, in the early 2000s, the country experienced a flood of investment money that went into developing enormous natural resource-oriented projects.

From 2009 until 2012, Mongolia held the title of the “world’s fastest growing economy”. 

Some very smart people we know went to Mongolia at the time to strike it big.

Projections showed that by 2030 or so, Mongolia was to become one of the wealthiest countries in the world per capita.

But… Mongolia never misses an opportunity to miss an opportunity. 

The mongolian government is corrupt and bureaucratic. 

The heavy regulations and plain greed of officials stalled most of the projects and chased away investors. Everyone we knew left the country. 

Public and private debt skyrocketed (along with inflation), and jobs have been disappearing.

Since 2012, Mongolia’s economy has been largely stagnating. And the tugrik – its national currency – has been continuously losing value versus the US dollar.

It is possible that they will eventually pull the country out of the swamp they put themselves in, and will continue the exhilarating ascent they knew before.

But we aren’t holding our breaths just yet…

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
Mongolia Overview
  • Region
  • Capital City
    Ulan Bator
  • Largest City
    Ulan Bator
  • Currency
    Mongolian tögrög
  • Languages
  • Population
    3.5 million (134th)
  • Life Expectancy
    71.4 years (166th)
  • GDP (Nominal)
    $15.7 billion (137th)
  • GDP/Capita
    $4,539 (127th)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Very cheap (2/7)
  • Climate
    Uncomfortable (5/5)
  • Safety
    Safe (3/7)
  • Pollution
    Very polluted (5/5)
  • English Proficiency
    Low (4/5)

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
Mongolia inside Schiff Sovereign resources

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