Our Expertise
Managing a global workforce in Mongolia
With in-depth knowledge of the Mongolian employment regulations, TopSource Worldwide ensures your business operations are compliant and efficient, reducing risk and enhancing your strategic initiatives.
Extensive expertise
Our team of experienced, knowledgeable staff collectively provide up-to-date employment information across 180 countries, so you can always get accurate advice.
Entity-free employment
Feel free to hire employees from all over the world without being weighed down by setting up entities, running complex payroll or recruiting a hiring team.
Payroll without hassle
Have the confidence that your staff will always be paid accurately and on time, so that you can focus on your core business activities and work towards your success.
Always-on support
Access helpful, relevant, personalised advice whenever you need it, along with expert-led recruitment policies and tried-and-tested HR best practices.
"With TopSource we were able to have employees hired or maintained in Nutreco without having to establish an entity in these countries for only 1-2 employees. I think most countries are covered by TopSource, so they can help us with almost all cases. Good advice on conditions and direct contact with employees. Invoicing done directly to the company. An easy process compared to hiring employees by ourselves."
Annette van Duijnhoven
”We searched the market for a local payroll vendor in 2014 and we chose TopSource as our partner. We were looking for error-free and timely payroll processing and TopSource Worldwide delivers this, saving us time and money. We have worked together for 8 years now and would recommend them to anyone."
Praveen Lihinar
Personalised Employer of Record services in Mongolia
TopSource Worldwide offers personalised Employer of Record (EOR) services tailored to meet the specific needs of your business in Mongolia. This includes handling employee onboarding, payroll processing, tax compliance, employee benefits management, and HR support. Our EOR services ensure that your business meets all legal and regulatory requirements, providing a hassle-free solution to manage your Mongolia-based employees.
End-to-end Mongolia payroll services
Looking to expand into Mongolia? Our unparalleled expertise in global payroll services ensures that your business can seamlessly navigate the complexities of payroll on a global scale, supporting your Mongolia expansion initiatives.
Global entity management
Venturing into the Mongolian market can be both exciting and challenging. With distinct business regulations, cultural nuances, and economic landscapes, it's essential to have a clear roadmap for your business establishment journey.
Accounting
Whether your goal is to process your purchase-to-pay transactions with minimum errors or manage your expense claim procedure, our team of experts can handle your accounting responsibilities, allowing you to focus on your core business and save time and money.
Global EOR services
Managing a diverse global workforce can be complex. This is where TopSource steps in as an invaluable employer of record services partner for companies seeking to expand their global reach while ensuring compliance with local employment laws and regulations.
Global Expansion Simplified
How to do business in Mongolia
Entering the Mongolian] market presents a mix of excitement and challenges. Given unique business regulations, cultural intricacies, and economic dynamics, a well-defined roadmap is crucial for a successful business establishment.
TopSource Worldwide is with you at every stage. Whether it's navigating local regulations or facilitating seamless operational transitions, our expertise ensures a swift and efficient process for establishing your business in Mongolia.
Mongolia Insights
Key insights into Mongolia's landscape
VAT rates: Mongolia has a standard VAT rate of 10%, applicable to most goods and services
Ease of Doing Business rank: Mongolia is continuously working to improve its business climate, but still presents various challenges in the ease of doing business.
Consumer Confidence Index: Consumer confidence in Mongolia can fluctuate significantly, influenced by economic cycles and market stability.
Employee maternity/paternity leave: Mongolia provides up to 120 days of maternity leave and 5 days of paternity leave, supporting the needs of working families.
Employee termination period: The notice period for termination in Mongolia typically requires 30 days, depending on the conditions outlined in the employment contract.
Employee salary pay date: In Mongolia, salaries are typically paid monthly, with the pay dates specified in the employment agreements.
Bank holidays: Mongolia observes several national holidays, which are important for planning and operational scheduling.
Our author
Mark Robbins
Global Sales Director
Mark is the Sales Director at Topsource Worldwide. He has been a pioneering figure in the global expansion space since 2013. He is the first salesperson to sell EOR services in Europe, a feat he accomplished in 2013.
Published 2023-11-14 00:00:00
Updated 2023-11-15 00:00:00
Reviewed by:
Adrian Cooney
Fact checked by:
Adrian Cooney
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