Doing Business in Mongolia
Session “Doing Business in Mongolia” with Bpifrance (24/06/2025).
Our Contribution to the Mongolian Economic Mission
On June 24, 2025 Step By Steppe had the privilege of contributing to an international business mission organized with the support of Bpifrance, aimed at exploring the economic potential of Mongolia.
As part of this initiative, we led a dedicated session on the legal, cultural, and business landscape of the Mongolian market. Our goal was to provide participants with the insights needed to navigate the local environment with confidence—covering topics such as investment regulations, market opportunities, and key intercultural practices.
This intervention allowed us to share our field knowledge and highlight the strategic value of Mongolia as an emerging destination for international business development.
During the Mongolian Economic Forum in Ulaanbaatar we continued the discussions initiated in France and deepened our engagement with local stakeholders and institutions.
Key Insights on Doing Business in Mongolia
During our presentation, we focused on several core themes:
An increasingly favorable investment framework, offering legal guarantees and tax incentives for foreign businesses;
High-potential sectors such as mining, energy, agriculture, digital innovation, and tourism;
Structural challenges including infrastructure gaps, administrative complexity, and climate-related constraints;
Cultural dynamics that call for an informed, respectful, and adaptive approach to local partnerships.
We remain convinced that Mongolia represents a promising market for international actors willing to prepare thoroughly and engage with long-term vision.
Interested in expanding into Mongolia or similar markets?
Contact our team to learn more about our international business support services.