A foreign Enterprise is a business entity that is wholly owned or that is 50 percent or more owned, controlled, or managed by non-citizens.
 
Who should apply for IPA Certification?

All foreign Enterprises wishing to conduct business in Papua New Guinea must apply for formal IPA certification.

What is considered as “carrying on business”?

The definition of “carrying on business” is listed under Section 3 of the Investment Promotion Act and includes amongst other

matters:

1. (a) making application for any permit, licence, lease or authority issued for commercial purposes by the State or by a State body; or”;
1. 
   (b) maintaining an agent, employee or officer for the purpose of soliciting or procuring or entering into orders,   arrangements, agreement or contracts(whether conditional or not) whether or not the agent, employee or officer is continuously resident in the country; or
2. 
   (c) maintaining an office, agency or branch (however described) whether or not the officer, agency or branch is also used for one of those purposes by another enterprise.”

Further reference should be obtained from the Investment Promotion Act.