A company can be incorporated through an agent (preferably an accountant or attorney) who may arrange to file the incorporation documents for you. If you want to incorporate your company in PNG, the forms to use are
company forms 1, 2, 3, 4 & 6.
Where all the applicants are citizens in the proposed company it is
K200 PGK500. Where at least an applicant is a non-citizen it is PGK500.
Note that an applicant refers to either a director, secretary or a shareholder.
As opposed to incorporation, overseas companies seeking registration may do so through their resident agent (also preferably an accountant or attorney).
This category of companies is already incorporated in their own country but is seeking registration in PNG under their incorporated name to carry on business in PNG. If you want to register your overseas company in PNG, the form to use is company form 46. The prescribed registration
fee is K500.
For overseas company applications, a certified copy of the certificate of incorporation of that overseas or some other evidence verifying registration of that overseas company must be attached with the form 46 application. If your overseas company has a company constitution a certified copy of the same must be annexed also.
Stamp duty on company registrations and company constitutions was abolished in the last budget (2008). Therefore, you need only pay the required registration fees as stated above to have your company registered in PNG.
There is also the requirement of foreign certification under the IPA Act for non-citizens as well as foreign enterprises after registration of your company, which is a topic we will get into
in a future post.
I hope you have found this post helpful. If you have any questions in relation to doing business in PNG please leave your comments below.