Doing business in Papua New Guinea is extraordinary. The country is blessed with an abundance of natural resources, is located in one of the fastest growing regions in the world, and is hungry to capture the potential benefits this could provide. As a result, the rewards of doing business in PNG can be immense, but at times so too are the challenges.
As with many emerging economies that rely heavily on the commercialisation of natural resources, PNG faces the challenge of developing the social and physical infrastructure required to support the needs of today while also planning for and funding the long-term socio-economic development of the country as a whole.
It is important for any organisation or individual looking to do business in PNG to understand they will need to demonstrate a commitment to the long-term goals of their PNG business partners, PNG stakeholders and PNG as a whole, if they wish to succeed in their endeavours.
This inaugural edition of our Doing Business in Papua New Guinea guide provides insights based on our local knowledge and experience. All of the essential facts are here – we cover visas and work permits, types of business entities, business environment, policy on foreign investment, taxation, workplace relations and the means to forestall or resolve disputes, and more.
We hope you find this a useful resource and wish you great success in all your business dealings in Papua New Guinea, but of course it is never easy to capture every insight in one short document. If you have any questions about the issues discussed in this guide, please contact one of our team.