FOREWORD I’d like to thank the organisations whose sponsorship made this publication possible: the IPA, ADB, Gadens Lawyers, Digicel PNG, Deloitte Touche Tohmatsu PNG, Pacific MMI, Cadden Crowe and Remington Technologies. Our thanks too to all those who have supplied information for this publication, in particular those organisations that have helped compile key sections: Gadens Lawyers (Chapter 3.0 on PNG’s legal system and company law), Deloitte Touche Tohmatsu PNG (Chapter 5.0 on PNG’s tax system) and Cadden Crowe (Chapter 6.0 on living and working in PNG). The final document was collated, compiled and produced for POMCCI by Business Advantage International. On behalf of the Port Moresby Chamber of Commerce and Industry (POMCCI), the Investment Promotion Authority of Papua New Guinea (IPA) and the Asian Development Bank (ADB), I’d like to welcome you to the revised second edition of The PNG Investors’ Manual, the handbook for investing and doing business in Papua New Guinea. This manual has been designed to guide prospective and current investors through the process of doing business in the Pacific’s fast-growing and most dynamic economy. As well as providing a general introduction to PNG and its key economic sectors, the manual provides information on the country’s legal, taxation, immigration and employment systems, as well as information on key PNG Government and business organisations and advice on living and working in PNG. Wherever possible websites, email addresses, phone numbers and/or addresses are provided to guide investors to additional information.
This second edition published in 2011 by the Port Moresby Chamber of Commerce & Industry, PO Box 75, Port Moresby, Papua New Guinea. First edition published in 2010.
The PNG Investors’ Manual is designed to be comprehensive but it is a living document, and this new edition includes much updated information as well as a new section on mergers and acquisitions in PNG. We invite you to keep letting us know where it can be improved or added to by emailing bizcentre@ pomcci.com. We look forward to welcoming you to Papua New Guinea. David A. Conn Esq, OL , MBE Chief Executive Officer Port Moresby Chamber of Commerce & Industry Inc.
To obtain a copy of this publication, please contact POMCCI at the above address or view the online edition free at www.pomcci.com. © Copyright 2011 Port Moresby Chamber of Commerce & Industry and contributors Cover images: POMCCI, Manufacturers Council of PNG, PNG Ports
Tel: +675 321 3077 or +675 7100 3077/7200 3077 Fax: +675 321 4203 Email: bizcentre@pomcci.com www.pomcci.com
ISBN 978-0-9871678-0-4
in partnership with Investment Promotion Authority of Papua New Guinea
www.ipa.gov.pg and Asian Development Bank Produced for POMCCI by Business Advantage International Pty Ltd www.businessadvantage.co www.adb.org