Tentmaker Reports
Papua New Guinea Report
Entrepreneurial Missions Index
38.21
General Information
Population
6,858,266 (96th most populous country in the world)
| LANGUAGES | |
|---|---|
| Tok Pisin | |
| English | |
| Hiri Motu | |
| 860 Indigenous Languages |
Industries
Copra crushing, palm oil processing, plywood production, wood chip production, mining of gold, silver, and copper, crude oil production, petroleum refining, construction, tourism
Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Papua New Guinea, visit https://www.cia.gov/library/publications/the-world-factbook/geos/pg.html.
Business Information
The World Bank ranks Papua New Guinea as 97 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Papua New Guinea.
In order to start a business in Papua New Guinea, one must follow these procedures:
- Obtain a company seal
- Reserve a company name
- Register the company with the Registrar of Companies
- Register with the tax authorities; register for VAT purposes; register with the Employment Register
- Apply for registration of a business name
- Open an account with an Authorized Superannuation Fund (ASF)
- Register works with the private insurers for work injury
- Apply for a trade license from the National Capital District Commission
Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Papua New Guinea, visit http://www.doingbusiness.org/.
To learn more...
Papua New Guinea Economic Freedom
The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland. It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world. The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking. The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.Papua New Guinea Summary
Papua New Guinea Links
2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.
