How to Register A Company in PNG : 10 STEPS PNG
Registering a company in Papua New Guinea is a crucial step for anyone looking to establish a formal business presence in the country. The process involves several key steps, starting from choosing a unique company name to obtaining the necessary licenses and permits. The Investment Promotion Authority (IPA) serves as the primary body overseeing company registration, while the Internal Revenue Commission (IRC) handles tax-related matters. By following the outlined steps, including name reservation, document preparation, and registration with the IPA, aspiring business owners can ensure their company is legally recognized and compliant with PNG’s regulatory framework. Follow the steps below
How to Register A Company in PNG : 10 STEPS PNG
Step 1: Choose a Company Name
- Select a unique and appropriate name for your company.
- Check the availability of the name with the Investment Promotion Authority (IPA) online registry system.
Step 2: Reserve the Company Name
- Submit a Name Reservation Application through the IPA website.
- Pay the required fee to reserve the name (valid for 30 days).
Step 3: Decide on the Company Structure
- Choose the type of company (e.g., private limited company, public company, etc.).
- Identify the shareholders, directors, and secretary.
Step 4: Prepare Required Documentation
- Prepare the following:
- Company Constitution (if applicable) or adopt the standard constitution.
- Details of directors, shareholders, and secretary (names, addresses, etc.).
- Share capital structure.
Step 5: Register Online with IPA
- Create an account on the IPA Online Registry System.
- Complete the company registration application form online.
Step 6: Pay the Registration Fee
- Pay the applicable registration fee through the IPA online portal.
- Ensure all fees are paid to avoid delays in processing.
Step 7: Receive the Certificate of Incorporation
- Once approved, the IPA will issue a Certificate of Incorporation.
- This document confirms that your company is legally registered.
Step 8: Register for Tax Identification Number (TIN)
- Visit the Internal Revenue Commission (IRC) to apply for a TIN.
- The TIN is required for all business activities and tax purposes.
Step 9: Open a Company Bank Account
- Open a corporate bank account in the company’s name.
- Provide the Certificate of Incorporation, TIN, and other required documents.
Step 10: Obtain Relevant Licenses and Permits
- Depending on your business activities, apply for additional licenses or permits from relevant government departments.
- Comply with industry-specific regulations and requirements.
These steps ensures your company is legally established and ready to operate in Papua New Guinea.
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