100000
Happy Customer
50000
CA & Lawyers
50
Offices| Aspect | Details |
|---|---|
| Timeline | The timeline to obtain a Company Registration in Papua New Guinea takes around 8 to 15 working days. |
| Benefits |
The benefits of obtaining a Company Registration in Papua New Guinea are as discussed below:
|
| Documents Needed |
The documents needed to apply for Company Registration in Papua New Guinea are provided below:
|
| Eligibility Criteria |
The eligibility criteria required for Company Registration in Papua New Guinea are as provided below:
|
| Types |
The types of Business Structure in Papua New Guinea are as provided below:
|
| Top Businesses Seeking Company Registration in Papua New Guinea |
The top businesses seeking Company Registration in Papua New Guinea are as provided below:
|
| Process |
The process to obtain a Company Registration in Papua New Guinea is as provided below:
|
| Post-Company Registration Compliance Requirements |
The post-company registration compliance requirements are as provided below:
|
| How Enterslice Can Help You? |
|
Let Enterslice assist you in hassle-free company setup in Papua New Guinea, the Pacific’s emerging business hub.
Papua New Guinea, which stands for PNG is an emerging strategic business hub in the Pacific, offering guaranteed company registrations services into their regional markets. The company registration in Papua New Guinea further allows foreign investors to benefit from 100% foreign ownership, simplified tax structure, and access to priority sectors, including mining, fisheries, agriculture, and tourism.
The process for SME registration Papua New Guinea is supported by the Investment Promotion Authority (IPA) through its online registry system (ORS), designed to formalize entrepreneurs seeking business setup in PNG. Whether you are planning to setup a local enterprise or a foreign-owned company, the PNG’s regulatory framework ensures ease of doing business while safeguarding your investment.
From the rick natural resources to its trade connectivity with Asia-Pacific countries, Papua New Guinea is considered an ideal destination or both SMEs and large corporations looking for business expansion. Connect Enterslice to streamline your company formation in Papua New Guinea, with no physical presence and no hidden charges!
Robust natural resource-based economy with global export potential
100% foreign ownership permitted
Online business registration via IPA portal
No exchange controls on repatriation of profits
Government incentives for agriculture, mining, and energy projects
Access to local and regional financing opportunities
Strategic location near Australia, New Zealand, and Southeast Asia
Signed bilateral trade agreements with Asia-Pacific economies
The different types of business structures for foreign company registration in PNG are as discussed below:
A sole proprietorship is one of the simplest forms of business structure, owned and operated by a single individual who holds full personal liability for all debts and obligations of the business.
A limited liability company is one of the most popular and preferred business structures for foreign investors for company registration in Papua New Guinea. It offers access to regulated capital and provides limited liability protection up to the amount of shareholding held by them.
A partnership is an agreement between two or more business entities or individuals, where partners bear the unlimited and joint liability, with no separate legal existence.
A branch office is merely an extension of a foreign company, which conducts activities predetermined by the foreign parent company. However, setting up a branch office enables the integration of the financial outcomes of its parent company.
A representative office, which is similar to a branch office, is permitted to have 100% foreign ownership, with a bar on spreading and promoting materials of its foreign parent company.
A foreign company registration in PNG, which allows full foreign ownership with directors of any nationality, subject to obtaining an IPA certificate.
A joint venture is an unincorporated arrangement where two or more entities collaborate on a specific project or business activity.
An overseas company in Papua New Guinea is a type of legal business entity that ensures compliance with national, state, provincial, or local laws.
The procedure to register a company in Papua New Guinea is as follows:
Initially, the entrepreneurs must choose and reserve an appropriate company name with the Investment Promotion Authority, which is eligible to provide the guidelines for acceptable names.
In the next step, the applicants must prepare company formation documents, including articles of association, an application form, applicable to all types of business structures.
Next, the applicants must identify and appoint one director and representative, having a minimum age above 18 years of age.
Next, the applicants must file an application and register their company with the Investment Promotion Authority, either in person or online.
Upon approval of the application, the duly issued certificate of incorporation must be downloaded in electronic form.
Once the certificate of incorporation is issued, the entrepreneurs must register for taxes with the Internal Revenue Commission (IRC).
Lastly, the businesses must obtain necessary permits and licenses, based on the nature of activities and industry regulatory requirements, from the concerned authorities.
The total timeframe for company registration in Papua New Guinea takes around 8 to 15 working days, varying based on accuracy of documents, responsiveness of shareholders, and processing time by PNG authorities.
It takes around 2 to 3 working days for the company name reservation, through the IPA online registry system.
It takes around 2 to 3 working days for the preparation and submission of documents such as consent forms from all directors, AOA, identification documents, etc.
It takes 3 to 5 working days for securing IPA company registration and issuing a company extract, confirming official registration.
The time taken to apply for a TIN registration with the Internal Revenue Commission (IRC) takes around 2 to 3 working days.
The time taken for obtaining other relevant registration from the concerned authorities Papua New Guinea varies based on the requirements, delays, and other factors.
Have a look at the following list of documents needed for obtaining Papua New Guinea company incorporation, as mentioned below:
Memorandum and Articles of Association
Name reservation application to the Investment Promotion Authority
Information about the directors and shareholders
Copy of police clearance report or character check report
Notarized copy of passports and visas of directors and shareholders
Designated registered office address
List of directors and shareholders
Copy of bank statement
Written consent from individuals agreeing to act as directors
Business Tax Number issued by the Internal Revenue Commission
Business licenses from relevant business authorities
The benefits of company registration in Papua New Guinea are as discussed below:
Company registration in Papua New Guinea offers access to Investment Promotion Authority incentives such as tax holidays, reduced tax rates, and other benefits for qualifying projects and promotes investment opportunities.
The entrepreneurs seeking company registration in Papua New Guinea enhance business credibility and reputation, helping build trust with clients, investors, and regulatory bodies.
Entrepreneurs seeking company registration in Papua New Guinea offer access to funding and credit options from investors, banks, and financial institutions, making it easier than unincorporated businesses.
Company registration in Papua New Guinea provides legal recognition to companies with a distinct legal personality, offering protection from all forms of business debts and obligations.
The PNG government, which facilitates ease of doing business, allows for easier registration of businesses, tax identification numbers, and business names with the IPA.
The PNG’s commodity-based economy provides potential for growth and diversification of resources in agriculture, mining, oil, and gas industries.
The PNG business licensing requirements needed to setup a company in Papua New Guinea are as discussed below:
The list of top 10 industries and businesses permitted for company setup in Papua New Guinea is provided below:
Industries for Company Registration in Papua New Guinea
Businesses Permitted for Company Setup in Papua New Guinea
Once your company is successfully registered, the entrepreneurs must adhere to post-PNG company formation services, as discussed below:
With 10+ years of expertise we hold a global network of legal consultants embarking the journey of company setup in Papua New Guinea. Connect us today to get expert guidance for business expansion in the regulatory environment of PNG:
Have a look at the following answers to the most asked questions:
The requirements to register a company in PNG are as discussed below:
Yes, the foreign entrepreneurs, including fully foreign owned companies are eligible to own a business in Papua New Guinea.
A sole proprietorship, limited liability company, partnership, branch office, representative office, wholly-foreign owned entity, joint venture, and overseas company are some of the Papua New Guinea company types registered under the regulations administered by the Investment Promotion Authority (IPA).
The requirements for corporate compliance in PNG means fulfilling the legal and regulatory requirements necessary to operate your legal business in Papua New Guinea. Have a look at some of the post-company registration compliances as discussed below:
To invest in companies in Papua New Guinea, the entrepreneurs must buy and sell stocks listed on PNGX Market through a broker.
The top industries for Papua New Guinea company incorporation are oil, liquefied natural gas (LNG) and mining activities such as gold, copper and silver.
Lae is PNG's key industrial hub, and it also hosts PNG's busiest international cargo port.
Entrepreneurs prefer Enterslice for setting up their business in Papua New Guinea because of our attention to detail and deep understanding of the local regulatory framework, its professionals, and in-depth knowledge ensuring smooth and efficient business setup. However, some of the benefits of opting Enterslice for your business setup in Papua New Guinea are as follows:
No, Papua New Guinea is not officially a tax haven for foreign investors setting up their business. However, it does offer several tax advantages and investment incentives, making it more attractive for doing business, particularly in key sectors such as mining, agriculture, fisheries, and energy.
The GST system also known as the invoice credit method of collection in Papua New Guinea is imposes a rate of 10% on most goods and services. However, there are several exceptions to this, such as certain basic food items, and medical services.
A standardized corporate tax rate of 30% applies to all company resident in Papua New Guinea.
Have a look at some of the common challenges of doing business in Papua New Guinea, as discussed below:
The list of five important business laws in Papua New Guinea (PNG) are as enlisted below:
The IPA which stands for Investment Promotion Authority is a statutory body established to promote and facilitate investment within the country. It plays a crucial role in regulating business through various programs and services, including maintaining a business registry, certifying foreign entrepreneurs, promoting investment opportunities, identifying export markets, and disseminating investor information.
Gold and Copper Mining Company, Agribusiness – Coffee or Cocoa Plantation & Processing, Fishing and Seafood Export Company, LNG or Petroleum Exploration & Distribution Business, Timber Logging and Wood Processing Unit, and Boutique Hotel or Eco-Resort are some of the best business forms to start in Papua New Guinea.
-- Testimonials
“Enterslice and Its team made starting my company and running very easy. Their contribution in raising funds was immense. I highly recommend Enterslice to any one who wants to start a business in India. Thank you guys keep up the good work.”
CEO - Solarix
“Very professional services. I am highly impressed by their courteous and client oriented attitude.”
F Salon Paris
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
Stay updated with all the latest legal updates.
Just enter your email address and subscribe for free!
(+1) 6292766228
Live Chat