FOREWORD We are also committed to improving conditions for business to flourish in our country. Business needs an educated, welltrained workforce, reliable telecommunications and power, a well-maintained road and port infrastructure and responsive, well-managed government agencies. PNG’s growth has brought many new investors into the country, and we welcome them. I am also delighted to see a new generation of indigenous businesses spring up to seize the opportunities our expanding economy has to offer. If they are to plan effectively for the future, business people of all kinds need reliable, up-to-date information, which is why The PNG Investors’ Manual is so important. The size of Papua New Guinea’s economy has more than doubled over the past decade, on the back of increased economic activity across many sectors, most notably mining and petroleum. In 2014, PNG will join the exclusive club of nations that export natural gas—an achievement that has put PNG on the map as the Pacific’s tiger economy. These are exciting times, but they are not without their challenges. My Government is committed to managing PNG’s growth in a way that delivers sustainable, long-term returns for business, and employment opportunities for our youthful population.
I congratulate the Port Moresby Chamber of Commerce and Industry, the Asian Development Bank and the Government’s own Investment Promotion Authority on this highly successful initiative, now in its third edition. I commend the publication to you, and wish you every success with your business in PNG. . The Hon. Peter O’Neill CMG MP Prime Minister The Independent State of Papua New Guinea
We are making major new investments in infrastructure, health and education, as well as encouraging stronger partnerships between the public and private sector for service delivery.
This third edition published in 2013 by the Port Moresby Chamber of Commerce & Industry, PO Box 75, Port Moresby, Papua New Guinea. First edition 2010, second edition 2011.
To obtain a copy of this publication, please contact POMCCI at the address on the left or view the online edition free at www.pomcci.com. © Copyright 2013 Port Moresby Chamber of Commerce & Industry and contributors
Tel: +675 321 3077 or +675 7100 3077/7200 3077 Fax: +675 321 4203 Email: bizcentre@pomcci.com www.pomcci.com
Cover images: PNG Tourism Promotion Authority, Business Advantage International, Maersk International ISBN 978-0-9871678-3-5
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.businessadvantageinternational.com www.adb.org