INDUSTRIAL-TECHNOLOGICAL PARKS ESTABLISHED IN DARKHAN AND ERDENET CITIES AND APPROVED BY THE MINISTRY OF INDUSTRY
Industry Minister D. Erdenebat signed license agreements with the Administrations of Industrial Technological Park of Darkhan and Erdenet city in accordance with the article 7.1.4 of Law on Legal Status of Industrial and Technological Park. The City of Darkhan is known as a hub of Mongolia’s construction raw materials, which is provided by railway, auto road and power-plants. We, the Legal Policy LLP provided legal services to “Darkhan Industrial-Technological Park” and our cooperation will continue. The Government of Mongolia has been keen to support industrial clusters so that fundamantel legal and policy frameworks has been continuously fortified since 2009. For instance the Parliament of Mongolia approved Law on Legal Status of Industry and Technology in 2009. Furthermore, the Cabinet has approved “Guidelines of Establishing and Developing Industrial Technological Park” by its Resolution No.54 in 2003. Pursuant to existing laws, the Parks exempted various taxes and royalties. We are able to provide advice in this respect.