Mongolia Public Holiday 2019

Public Holidays in Mongolia for 2019

Mongolia has become a democratic country, and it had evolved since 1991 with an economic freedom score of 55.9. They are the 127th freest country in the world, and the overall rating had a 0.5 increase because of their government integrity. Mongolia is 30th among 42 countries in the Asia-Pacific.

Mongolia has a total of 31 holidays and observances that they celebrate each year, which means there is no work. If you plan to set up a business in Mongolia or have your next vacation there, you must know about them.

Also, employees are entitled to these holidays so as an employer, you must know what to do. If you need further information about this, you can read on and learn more about these holidays and employee benefits.

 

What Employers Must Know About These Public Holidays

One of the main issues that foreign companies face when they employ staff in Mongolia is the local employment requirements. For companies that want to hire their staff directly must go through an incorporated Mongolia entity, and it is recommended that you get legal advice from a professional.

In general, an employee’s annual leave entitlement is 15 days. If the employee is below 18 years old, they get 20 days, and they could be given additional leaves that are given regularly based on the employment tenure which can be from 3 to 13 days, depending on how long they have been employed.

Make sure that the date of the employees’ holiday stipulated in the contract and the employee can say when he or she wants to take it. As an employer, you must comply and give a valid reason if you want them to take it on another day instead.

 

Dates of the Mongolia Public Holiday 2019

Date	Day/s	Holiday	Type
1 January	Tuesday	New Year	Public
13 January	Sunday	Constitution Day	Observance
5 February	Tuesday	Lunar New Year’s Day	Public
6 February	Wednesday	Second Day of Lunar New Year	Public
7 February	Thursday	Third Day of Lunar New Year	Public
14 February	Thursday	Valentine’s Day	Observance
1 March	Friday	Patriots’ Day	Observance
8 March	Friday	International Women’s Day	Public
18 March	Monday	Soldiers’ Day	Observance
21 March	Thursday	March Equinox	Season
7 April	Sunday	Health Day	Observance
26 April	Friday	Intellectual Property Day	Observance
15 May	Wednesday	Family Day	Observance
1 June	Saturday	Children’s Day	Public
21 June	Friday	June Solstice	Season
10 July	Wednesday	Political Flag Day	Observance
11 – 15 July	Thursday – Monday	Naadam Holiday (National Day)	Public
25 August	Sunday	Youth’s Day	Observance
10 September	Tuesday	Repression Victims’ Day	Observance
23 September	Monday	September Equinox	Season
1 October	Tuesday	Elders’ Day	Observance
29 October	Tuesday	Capital City Day	Observance
26 November	Tuesday	Republic’s Day	Public
27 November	Wednesday	Genghis Khan Day	Public
10 December	Tuesday	Human Rights Day	Observance
22 December	Sunday	December Solstice	Season
29 December	Sunday	Independence Day	Public

 

Employee Benefits During Public Holidays

If the employee who works during a public holiday, but not granted an alternative day off for that day, he or she must be compensated for the work. It must be double the rate of average compensation.

In case the employee must work overtime on rest days and is not given an alternative day of rest, there must be compensation given. It should be equal to at least 1.5 times the average compensation.

Saturday and Sundays are days of rest, and employees are not expected to report for work. However, even if an employee is unable to take a rest on Saturday or Sunday because of the nature of their work, he or she must be given two straight days on different days of the week to compensate.

 

Doing Business in Mongolia

If you want to do business in Mongolia, you need to know more. Mongolia has a unique competitive advantage in the market because it produces ecologically pure products. Some of them are food processing, eco-tourism, agriculture, and more. Some traditional sectors also have competitive features, and these are coal production, oil, gold refining, gold mining, leather garments, earth mining, and more.

For a foreign investor, the limited liability company is recommended because it is the most accessible type to open in Mongolia, and the process is quick.

The geographic location is also one of the reasons why setting up a business in Mongolia is an excellent idea. Come to us for assistance once you decide.