All foreign enterprises wishing to set up businesses in Papua New Guinea must apply for a formal Investment Promotion Authority Certificate.

This is processed by the Companies Office of Papua New Guinea, a division of the IPA. 

The proposed changes are intended to update the Companies Act to bring it in accord with ever-changing trends in corporate governance, while the Business Names Act aims to bring it in accord with modern trends aimed at simplifying business name registrations and making the legislation easier for small enterprises to understand. 

The Investment Promotion Authority (IPA) is coordinating a trade and investment mission to Solomon Islands from July 31st to the 1st of August.