Ulaanbaatar is a suitable city for making direct contact with Northeast Asian countries, and it makes conducting business operations easy and pleasant. The business activities operating in the city are very active, with many multinational corporations present, a stable financial environment, highly educated and experienced individuals, relatively few taxes and administrative burdens, reliable communications and road networks, and a peaceful, safe urban environment.
Mongolia has professional and friendly relations with the countries in the region, so the threat of political disputes and challenges are not present.James Passin, an active player in the Mongolian Stock Exchange, said during an interview with Bloomberg, “I can’t think of a place with more opportunities. I’ll be here until I’m dead or no longer interested in continuing to invest.” There are many foreign businessmen living in Ulaanbaatar who share his ideas on investing in Mongolia. No doubt, there are problems, however, Mongolians are able to listen to the problems, learn from their mistakes, and make decisions accordingly.
Evidence of this can be read from the Harvard International Review. Ulaanbaatar has all the potential of becoming a new doorway to business in Asia. We have listed examples of why Ulaanbaatar is a suitable city for successful and enjoyable business operations and an interesting and fun place to live.