Starting a business in Mongolia can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 business ideas in Mongolia that you can start with relatively low capital.
About Mongolia
Mongolia is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It boasts a population of approximately 3.5 million people, with a significant portion residing in the capital city, Ulaanbaatar. The country is known for its nomadic culture, vast mineral resources, and emerging market economy.
The Mongolian government has implemented various reforms to attract foreign investment, including tax incentives and streamlined business registration processes.
Key sectors driving the economy include mining, agriculture, tourism, and information technology. With a GDP growth rate of 7.0% in 2025, Mongolia presents numerous opportunities for business development.
100 Business Ideas in Mongolia
1. Eco-tourism Services
Develop eco-friendly tours that showcase Mongolia’s natural beauty and promote sustainable travel practices.
2. Traditional Ger Camps
Establish traditional Mongolian yurts (gers) as accommodations for tourists seeking authentic experiences.
3. Adventure Travel Agency
Offer adventure packages including horseback riding, trekking, and wildlife safaris in Mongolia’s diverse landscapes.
4. Cultural Heritage Tours
Organize tours focusing on Mongolia’s rich history, including visits to historical sites and cultural performances.
5. Nomadic Lifestyle Experiences
Provide tourists with immersive experiences living with nomadic families, participating in daily activities.
6. Organic Livestock Farming
Start a farm focusing on organic meat and dairy products, catering to health-conscious consumers.
7. Cashmere Production
Invest in cashmere goat farming and processing, capitalizing on Mongolia’s reputation for high-quality cashmere.
8. Wool Processing Plant
Establish a facility to process sheep wool into textiles, tapping into the global demand for natural fibers.
9. Meat Processing Facility
Set up a plant to process and package meat products for domestic consumption and export.
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10. Dairy Product Manufacturing
Produce dairy products such as cheese, yogurt, and butter, utilizing Mongolia’s abundant milk supply.
11. Renewable Energy Solutions
Develop solar and wind energy projects to provide sustainable power in remote areas.
12. E-commerce Platform
Create an online marketplace connecting Mongolian artisans and producers with global consumers.
13. Mobile Payment Services
Introduce mobile payment solutions to facilitate cashless transactions in urban and rural areas.
14. IT Outsourcing Company
Offer IT services such as software development and customer support to international clients.
15. Language Training Center
Establish a center offering language courses, focusing on English, Chinese, and Russian.
16. Vocational Training Institute
Provide vocational training in trades like carpentry, plumbing, and electrical work to meet local demand.
17. Private Healthcare Clinic
Open a clinic offering quality healthcare services, addressing the shortage of medical facilities.
18. Telemedicine Services
Implement telemedicine platforms to provide remote medical consultations, especially in rural regions.
19. Pharmaceutical Distribution
Set up a distribution network for pharmaceuticals, ensuring timely delivery to pharmacies and hospitals.
20. Fitness and Wellness Center
Launch a gym and wellness center promoting healthy lifestyles among urban populations.
21. Organic Farming
Cultivate organic vegetables and fruits, supplying local markets and restaurants.
22. Greenhouse Farming
Invest in greenhouse technology to grow crops year-round, overcoming Mongolia’s harsh climate.
23. Beekeeping and Honey Production
Start a beekeeping venture producing honey and related products for domestic and export markets.
24. Aquaculture Farm
Develop fish farming operations to meet the growing demand for seafood.
25. Mushroom Cultivation
Grow edible mushrooms, supplying restaurants and supermarkets with fresh produce.
26. Mobile App Development
Create mobile applications catering to local needs, such as transportation and delivery services.
27. Online Education Platform
Develop an e-learning platform offering courses in various subjects, accessible nationwide.
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28. Cybersecurity Services
Offer cybersecurity solutions to protect businesses and government agencies from digital threats.
29. Digital Marketing Agency
Provide digital marketing services, including SEO, social media management, and content creation.
30. Web Design and Development
Start a company specializing in designing and developing websites for local businesses.
31. Logistics and Delivery Services
Establish a logistics company offering reliable delivery services across Mongolia.
32. Cold Storage Facility
Build a cold storage facility to preserve perishable goods, supporting the food supply chain.
33. Freight Forwarding Company
Offer freight forwarding services, facilitating international trade for Mongolian businesses.
34. Warehousing Services
Provide warehousing solutions for businesses needing storage space for their products.
35. Vehicle Rental Services
Start a vehicle rental business catering to tourists and locals needing transportation.
36. Car Maintenance and Repair Shop
Open an auto repair shop offering maintenance services for various vehicle types.
37. Electric Vehicle Charging Stations
Invest in EV charging infrastructure, supporting the adoption of electric vehicles.
38. Public Transportation Services
Develop a private bus or shuttle service to improve urban and rural mobility.
39. Ride-Sharing Platform
Create a ride-sharing app connecting drivers with passengers, enhancing transportation options.
40. Bicycle Rental Services
Offer bicycle rentals in urban areas, promoting eco-friendly transportation.
41. Real Estate Development
Invest in residential and commercial property development in growing urban centers.
42. Property Management Services
Provide property management services for landlords, handling tenant relations and maintenance.
43. Construction Company
Start a construction firm specializing in residential and commercial projects.
44. Interior Design Services
Offer interior design solutions for homes and businesses, catering to modern aesthetics.
45. Furniture Manufacturing
Produce locally made furniture, combining traditional craftsmanship with contemporary designs.
46. Handicrafts and Souvenirs
Create and sell traditional Mongolian handicrafts and souvenirs to tourists.
47. Textile and Garment Production
Establish a textile factory producing garments for domestic and export markets.
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48. Leather Goods Manufacturing
Produce leather products such as bags, belts, and shoes, utilizing local materials.
49. Jewelry Making
Design and craft jewelry incorporating traditional Mongolian motifs and materials.
50. Art Gallery and Studio
Open an art gallery showcasing local artists and offering art classes to the community.
51. Coffee Shop
Start a coffee shop offering quality beverages and a cozy atmosphere for customers.
52. Restaurant Featuring Mongolian Cuisine
Open a restaurant specializing in traditional Mongolian dishes, attracting locals and tourists.
53. Fast Food Franchise
Invest in a fast-food franchise, catering to the growing demand for quick meals.
54. Bakery and Pastry Shop
Establish a bakery offering fresh bread, pastries, and cakes to the local market.
55. Catering Services
Provide catering for events, corporate functions, and private parties.
56. Food Truck Business
Launch a food truck serving popular street food items in high-traffic areas.
57. Organic Juice Bar
Open a juice bar offering healthy, organic beverages to health-conscious consumers.
58. Ice Cream Parlor
Start an ice cream shop offering a variety of flavors and unique dessert options.
59. Brewery or Distillery
Establish a brewery or distillery producing local beers or spirits.
60. Wine Production
Invest in vineyards and wine production, tapping into the niche market for Mongolian wines.
61. Event Planning Services
Offer event planning services for weddings, corporate events, and festivals.
62. Photography and Videography
Provide professional photography and videography services for various occasions.
63. Printing and Publishing
Start a printing and publishing business producing books, magazines, and marketing materials.
64. Advertising Agency
Create an advertising agency offering creative campaigns for businesses.
65. Public Relations Firm
Establish a PR firm managing the public image and communications for clients.
66. Market Research Company
Offer market research services, providing insights for businesses entering the Mongolian market.
67. Business Consultancy
Provide consultancy services assisting entrepreneurs in business planning and strategy.
68. Legal Services
Start a law firm offering legal advice and representation for individuals and businesses.
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69. Accounting and Tax Services
Offer accounting and tax preparation services to help businesses manage finances.
70. Human Resources Agency
Provide HR services, including recruitment, training, and employee management.
71. Translation and Interpretation Services
Offer language translation and interpretation services for businesses and tourists.
72. Travel Agency
Establish a travel agency organizing tours and travel arrangements within Mongolia.
73. Hostel or Budget Accommodation
Open a hostel catering to backpackers and budget-conscious travelers.
74. Luxury Hotel
Invest in a luxury hotel providing high-end accommodations and services.
75. Bed and Breakfast
Start a B&B offering a homely stay experience for tourists.
76. Spa and Wellness Center
Open a spa offering relaxation and wellness treatments to clients.
77. Yoga and Meditation Studio
Establish a studio providing yoga and meditation classes promoting mental well-being.
78. Beauty Salon
Start a beauty salon offering hair, nail, and skincare services.
79. Barber Shop
Open a barber shop providing grooming services for men.
80. Tattoo and Piercing Studio
Establish a studio offering tattoo and piercing services with a focus on hygiene and artistry.
81. Pet Grooming Services
Provide grooming services for pets, catering to pet owners in urban areas.
82. Veterinary Clinic
Open a veterinary clinic offering medical services for animals.
83. Pet Supply Store
Start a store selling pet food, toys, and accessories.
84. Childcare Center
Establish a daycare center providing quality childcare services.
85. Educational Toys and Materials Store
Sell educational toys and materials supporting children’s learning and development.
86. Elderly Care Services
Provide in-home care services for the elderly, assisting with daily activities.
87. Cleaning Services
Offer residential and commercial cleaning services.
88. Laundry and Dry Cleaning
Start a laundry service providing washing and dry-cleaning solutions.
89. Waste Management Services
Develop a waste collection and recycling business promoting environmental sustainability.
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90. Security Services
Provide security personnel and systems for businesses and residential areas.
91. Fire Safety Equipment Supply
Supply fire safety equipment and conduct safety training sessions.
92. Pest Control Services
Offer pest control solutions for homes and businesses.
93. Landscaping and Gardening Services
Provide landscaping and gardening services enhancing outdoor spaces.
94. Agricultural Equipment Rental
Rent out farming equipment to local farmers, supporting agricultural productivity.
95. Construction Equipment Rental
Offer construction machinery rentals for building projects.
96. Tool and Equipment Rental
Provide tools and equipment for various DIY and professional needs.
97. Co-working Space
Establish a co-working space offering flexible work environments for freelancers and startups.
98. Business Incubator
Create a business incubator supporting startups with resources and mentorship.
99. Import and Export Services
Facilitate import and export operations for local businesses, helping them navigate customs regulations, logistics, and market entry strategies. Mongolia’s strategic position between Russia and China makes it an ideal hub for trade, and businesses providing expert services in this area can capitalize on growing cross-border commerce.
100. Mobile Car Wash Services
Start a mobile car wash business offering convenient and eco-friendly cleaning solutions for vehicles at customers’ homes or offices. This business requires low startup costs and can cater to the growing number of car owners in urban centers like Ulaanbaatar, where busy lifestyles create demand for on-the-go services.
Conclusion
Mongolia presents a unique blend of traditional heritage and modern economic potential, making it an exciting destination for entrepreneurs looking to start profitable businesses.
With abundant natural resources, a growing middle class, increasing urbanization, and government efforts to improve the business climate, the opportunities are vast and varied.
Whether you are interested in agriculture, tourism, technology, manufacturing, or services, the 100 business ideas in Mongolia offer a solid foundation to help you identify a venture that suits your skills, interests, and resources.
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