The Mongolian Tourism Law was approved for the first time since May 5, 2000, when Mongolia was transferred to a market economy. To regulate the relations between the state, citizen, and business entities in the tourism business. The law defines punishments and penalties for the violation of this law by tourism, responsibility, state obligations, tourism organizations, human structures and tourism-related tourism sectors related to the state administrative and governing body of the tourism sector and infrastructure development. This creates a favorable legal environment for further development of the tourism industry. The favorable tax deductions and deductions in the tourism sector also apply to the tourism sector that creates favorable investment conditions. More information can be obtained through the Ministry of Railways, Transport, and Tourism and the Tourism Council of Mongolia.