PurgatoryAsia
Mongolia
10%effective individual rate
10% flat income tax. Mongolia has favorable tax rates and growing interest in crypto mining due to cheap energy.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax10%
Income Tax on Crypto10%
Corporate Tax10-25%
VAT on Crypto10%
Activity Taxes
Staking
10%
Mining
10%
DeFi
10%
NFTs
10%
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
Bank of Mongolia; FRC
Residency Requirement
Various visa options
Reporting Requirements
Annual tax return
Citizenship & Residency Path
Residency via business; citizenship after 5 years
Notable Conditions
- →10% flat tax
- →Cheap energy for mining
- →Growing crypto interest
- →Regulatory framework developing
Living & Lifestyle
Cost of Living
Low
Banking Access
Low-Moderate
Quality of Life
Low-Moderate
Lifestyle Scores
Safety7/10
Healthcare4/10
Institutions4/10
Business Ease5/10
Int'l Schooling3/10
Privacy6/10