Membership in NAMBC
Dues are for one calendar year, January 1-December 31. Categories are based on sales or gross annual revenue, whichever is higher, except for (1) mining companies, for which categories are based on market capitalization and (2) non-profit organizations. Gross annual revenue is not limited to revenue derived in Mongolia but rather is the consolidated sales or gross revenue of the parent plus all subsidiaries, branches or similar entities that are more than 50% owned or otherwise controlled by the parent company. All applications for membership require approval of the Membership Committee, which is appointed by the Board of Directors.
Corporate Members - Dues based on Gross Revenue of Parent Company
Corporate members have voting privileges and may be elected to the Board of Directors. Eligibility: Corporate Members must (1) have one or more offices in the US or Canada or (2) be incorporated in the US or Canada or (3) be listed on a stock exchange in the US or Canada.
Gross annual revenue of: |
Dues are: |
Over US$1 billion |
US$4000 |
Over US$250 million but less than US$1 billion |
US$3000 |
Over US$1 million but less than US$250 million |
US$2000 |
Less than US$1 million |
US$1000 |
Individual US or Canadian citizens who reside in North America |
US$1000 |
Not-for-Profit organizations |
US$ 600 |
Corporate Members - Mining & Oil Companies - Dues based on Market Capitalization
Market Capitalization |
Dues are: |
Large Companies (over US$ 1 billion) |
US$4000 |
Medium Companies (over US$50 million but less than US$1 billion) |
US$2500 |
Small Companies (less than US$50 million) |
US$1000 |
Mongolian Corporate Members - Dues based on Gross Revenue of Parent Company
Mongolian corporate members have voting privileges and may be elected to the Board of Directors. Eligibility: Mongolian corporate members must be incorporated in Mongolia and have their headquarters office, primary economic activity and majority ownership in Mongolia. Companies in Mongolia owned by or which are subsidiaries of any foreign entity are not eligible for this category but may apply to join as Corporate Members (see above). Any Mongolian state-owned company or formerly state-owned company that has been privatized is eligible for this category.
Gross annual revenue of: |
Dues are: |
Over US$15 million |
US$1500 |
Over US$5 million but less than US$15 million |
US$ 950 |
Over US$1 million but less than US$5 million |
US$ 650 |
Less than US$1 million |
US$ 450 |
Individual Mongolian citizens who reside in Mongolia |
US$ 450 |
Not-for-Profit organizations |
US$ 400 |
Mongolian Associate Members - Flat Rate Dues
Mongolian Associate Members may not vote or be elected to the Board of Directors. Eligibility: Mongolian Associate Members must conform to the same requirements as Mongolian Corporate Members or be accredited foreign embassies or representative offices of international organizations in Ulaanbaatar or others approved by the Membership Committee.
Mongolian Associate Members
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US$250 |
Remittance advice:
For Prospective Members based in North America or elsewhere outside of Mongolia -- Please remit dues by check in US dollars drawn on a US bank to the North America-Mongolia Business Council offices at address below OR by bank wire to the NAMBC in the USA. Please contact Steve Saunders, steve@nambc.org, for US wire transfer instructions. To cover bank wire transfer charges, please add US$10.00 if wired from a US bank or US$25.00 if wired from a non-US bank.
For Prospective Members based in Mongolia -- Please remit dues either by bank wire transfer to NAMBC in USA, per above, OR by wire transfer to NAMBC in Ulaanbaatar. For further information on UB wire transfers, please contact Bolor, UB Office Manager, at nambc@mobinet.mn or telephone 976-9918-4372
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