How To Register A Small Business In Png

Decide on the business name that you want to register 2.

How to register a small business in png. In fact most would be entrepreneurs whether local or foreign born shy away from actually starting something. The first option is to incorporate a new company in png. I know starting business in png can be confusing for newbies who have never traveled that path before. Here is the definitive guide to starting a small business in papua new guinea png. A foreign company has two 2 options when registering with the business registration regulation division.

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. Starting a business can be a troublesome endeavor for anyone especially when in a country as unique and raw as papua new guinea. 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. One or more shareholders 4. Take this guide and modify it to suit.

All company registrations in papua new guinea are taken care by investment promotion authority ipa. After receiving your application we will respond with payment details and other instructions. You can register online or you can download application forms on their website. 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. One or more shares 3.

The government has a range of direct and indirect taxation incentives based incentives for large and small proposals. To register a business click the link and fill up the online ipa registration form. Fill the forms and lodge in the forms at ipa office. 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. A proposed company must have the following.

Download the application form on the ipa website you can also apply online. 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. Here we outline few tips in forming a company. 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. All business name registrations are taken care by papua new guinea investment promotion authority ipa.