Mongolia

Situated in East Asia, Mongolia captivates with its vast landscapes, nomadic traditions, and emerging economic opportunities. Driven by sectors like mining, agriculture, and tourism, Mongolia presents attractive prospects for international high net worth investors exploring second citizenship options. The country’s commitment to infrastructure development and economic growth further enhances its appeal as a destination for those considering residence or investment opportunities.

Mongolian Citizenship by Investment

As of now, Mongolia does not have a formal citizenship by investment programme, limiting avenues for acquiring a second citizenship through qualifying investments. Such programmes often offer advantages like visa-free travel and financial flexibility. High-net-worth individuals seeking the opportunity to obtain a second citizenship and passport through investment need to look elsewhere. Popular programmes include those in the Caribbean, such as St Kitt’s Citizenship by Investment programme.

Mongolian Residency by Investment

Acquiring a second residence in Mongolia involves investors starting a company, depositing $100,000 without active business engagement, selecting a sector, obtaining permissions, and opening a bank account; subsequent renewal of “permanent residence” occurs annually or biennially, without mandatory physical presence, allowing for renewal through power of attorney. Similar programmes exist in more favourable countries such as Canada’s Start-Up Visa programme which offers entrepreneurial investors the opportunity to gain residency through strategic business investment.

Mongolian Passport Strength and Ranking

Mongolia’s passport ranks at 105 on La Vida’s Global Passport Ranking. While it currently does not offer a citizenship by investment programme, the country’s potential inclusion could provide foreign investors with visa-free access to 77 countries. Several other CBI programmes have more powerful passports. For example, foreign investors could obtain a Dominican passport through the nation’s popular investor visa programme. Dominica ranks 65th, offering far better global access to 153 destinations worldwide.