Invest In Papua New Guinea
Investors willing to explore business opportunities in Papua New Guinea have available to them numerous incentives to assist in their investment decision-making. The government has a range of direct and indirect taxation incentives based incentives for large and small proposals.
IPA Other Services
The IPA is the organisation that houses the Companies Office of PNG, the Securities Commission of PNG and the Intellectual Property Office of PNG, hence the roles and functions of the IPA is diversed.
The IPA is also the point of identification of markets for PNG exports and dissemination of investor- related information about PNG.
Default Companies list
This is to advise that the IPA has now removed the list of non-compliant companies from this page.
However, please note that this does not mean that all companies have complied.
Review on the Investment Promotion Act
Consultations on the recent proposed changes ended in early April 2019.The main aim of these changes is to achieve Government’s policy objective of protecting MSMEs that are owned and operated by citizens. In summary, the following changes are being proposed:
- Better definition of IPA roles and responsibilities
Forms for Download
Application forms to register local companies, business names and associations are available under the Downloads section at the top menu.
For information on the prescribed fees see the bottom of this page under fee schedule.
For any further information, please email firstname.lastname@example.org.
Personal Property Security Registry now live
The IPA is pleased to announce that the Personal Property Securities Act Registry has gone live since May 9th 2016.
This means that IPA will no longer register charges under the Companies Act.
Clients will need to register their charges online by going to the “Do it online” tab and clicking the “PPSR” option under the Personal Property Security option.
IPA IS NOW ROLLING OUT ITS DE-REGISTRATION EXERCISE
More than 5, 000 companies are on the list to be de-registered if they do not comply by end of this month. These 5000 companies comprise those that have not filed an annual return up to the year 2000.
An annual return is a yearly update of public information about a company on the companies register. These information include companies’ addresses and details of directors and shareholders.
It is a requirement by the Companies Office that companies’ records are up to date for the purposes of effective correspondences between the Office of the Registrar of Companies and the individual companies.
This is the first batch to undergo a staged compliance exercise planned for the next 6 months.
Consultations on proposed changes to the Associations Incorporation Act 1966
The Investment Promotion Authority through the Companies Office will be conducting Phase 2 of the consultations on the Associations Incorporation Act. Following are the consultation documents:
AVAILABLE FOR SALE
Business Licensing and Information Services (BLIS) Booklet
The BLIS booklet contains all necessary information on the various legislative requirements, processes and guidelines on how to obtain statutory licenses and certificates in order to conduct business in PNG. For more information please contact Michael George and Jeffery Hete on email@example.com and firstname.lastname@example.org respectively.