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LEGISLATIONS RELATING TO THE ENTRY AND ACTIVITIES                                 OF FOREIGN INVESTORS

 

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1. Investment Promotion Act, 1992

        Promotes and facilitates investment

        Certifies foreign enterprises

        Administers legislation relating to businesses

2. Companies Act, 1997

        Provides guidelines and registration procedures for all companies conducting business

        in Papua New Guinea

3. Trade Marks Act

        Allows for the registration and protection of trademarks

4. Business Names Act

        Allows for the registration and protection of trademarks

5. Business Groups Incorporation Act

        Provides for incorporation of customary groups for business and other economic

        purposes; the control and regulation of the conduct of business by such groups

6. Associations Incorporation Act

        Provides for the Incorporation of certain associations

7. Securities Act, 1997

        Regulates the establishment of stock markets, and practices relating ot the offering of

        securities to the public

8. National Institute of Standards and Industrial Technology Act, 1993

        Establishes and coordinates a National Standards System in PNG that is consistent with

        International Primary Measurement Standards and maintains harmony and 

        transparency with the International Standards Organisation

9. Income Tax Act, 1959

        Contains tax laws and administers incentives for some sectors

10. Value Added Tax Act, 1998

        Sets out the law governing VAT

11. Customs Act (101)

        Sets out the law and regulations governing the import and export of goods, including

        import and export duties

12. Foreign Exchange Control Regulation

        Administered under the Central Banking Act 1973 by the Bank of PNG to provide for

        the recording, monitoring and supervision of payments to non-residents and also to

        protect the country’s foreign exchange should the need arise

13. Employment of Non-Citizens Act

        Administered by the Department of Labour and Employment containing regulations on

        restricted and unrestricted occupations and the issuance of work permits

14. PNG Migration Act, 1978

        Contains regulations and guidelines on entry by non-citizens

15. Mining Act, 1992

        Provides regulations and guidelines on applications for mining tenements

16. Oil and Gas Act, 1998

        Provides the licensing and regulatory regime governing the exploration for and

        production of petroleum (including oil and gas)

17. Forestry Act, 1991

        Contains guidelines and regulations for enterprises intending to, or actively

        participating in this sector

18. Fisheries Management Act, 1994

        Provided powers for licensing and regulation of fishing, fish exports and management

        of fisheries resources

19. Land Registration Act, 1981

        Provides for the registration of land

20. Land Act, 1996

        Provides for the transfer of titles and leases

 

 
 

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