How To Register A Small Business In Png

The other option is for a company that is incorporated registered under the laws of another country overseas to register as an overseas company under the companies act 1997.

How to register a small business in png. A foreign company has two 2 options when registering with the business registration regulation division. As the main authority on all things to do with tourism in country one of our mandates is encouraging both local and foreign investment in png s tourism. The first option is to incorporate a new company in png. Fill the forms and lodge in the forms at ipa office. I know starting business in png can be confusing for newbies who have never traveled that path before.

All company registrations in papua new guinea are taken care by investment promotion authority ipa. Download the application form on the ipa website you can also apply online. Take this guide and modify it to suit. We offer finance for business growth and expansion together with accounts that meet your daily business needs or earn you interest on spare cash and innovate solutions that provide safe fast and convenient banking. Here we outline few tips in forming a company.

Anyone wishing to register a company has to contact the people at ipa. Starting a business can be a troublesome endeavor for anyone especially when in a country as unique and raw as papua new guinea. In fact most would be entrepreneurs whether local or foreign born shy away from actually starting something. Visit their office in konedobu in port moresby or visit ipa website www ipa gov pg or you can directly download the forms following the links below. One or more shares 3.

Download company name registration. If you are a small to medium entrepreneur sme with an annual turnover of less than k1 000 000 00 bsp sme business has solutions for all your business banking needs. One or more shareholders 4. 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. Decide on the business name that you want to register 2.

Therefore i have prepared this guide to help you from start to the end. A proposed company must have the following. To register a business click the link and fill up the online ipa registration form. Here is the definitive guide to starting a small business in papua new guinea png. All business name registrations are taken care by papua new guinea investment promotion authority ipa.