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
|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.