Abstract
One of the topical issues arising in the state regulation of entrepreneurial activity in any state is the use of such a method of implementing executive power as licensing of certain types of activities. Mongolia occupies a special place among friendly countries and bordering Russia in the north. In this regard, I would like to conduct a comparative legal study of the licensing institute in both countries. This article examines the fundamental provisions of licenses, their types, licensing as an administrative procedure. Special attention is paid to the conduct of licensing control and within its framework the most effective institution of administrative responsibility applied for the commission of administrative offenses in the field of licensing. The types of administrative penalties 
 are investigated and their effectiveness in both countries is considered. In conclusion, the author notes the prospects for the modernization of legislation in the field of licensing and makes suggestions for its improvement.
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