About IPA
The Investment Promotion Authority (IPA) of Papua New Guinea has a number of roles and responsibilities related to promoting and facilitating investment in the country. Some of these roles include:
Attracting Foreign & Domestic Investment: The IPA works to promote investment opportunities in Papua New Guinea and to attract investment from both domestic and foreign sources. It does this through a variety of marketing and promotional activities, including participating in trade shows and investment conferences, and promoting the country’s investment opportunities through its website and other channels.
Providing Information & Assistance to Investors: The IPA provides a range of information and support services to investors interested in doing business in Papua New Guinea. This includes providing information on investment opportunities, helping investors develop business plans, and assisting with the processing of investment applications and approvals.
Facilitating the Implementation of Investment Projects: The IPA provides support to investors during the implementation phase of their projects, including helping with land acquisition, obtaining necessary licenses and permits, and accessing financing.
Promoting the Development of Domestic Businesses: In addition to attracting foreign investment, the IPA also works to promote the development of domestic businesses and to foster an entrepreneurial culture in Papua New Guinea. It does this through a variety of programs and initiatives, including providing training and support to entrepreneurs and small and medium-sized enterprises (SMEs).
Overall, the IPA plays a key role in supporting economic growth and development in Papua New Guinea by helping to attract investment and stimulate entrepreneurship and innovation in the country.
IPA Fact Sheet
- The Investment Promotion Authority (IPA) is a government agency responsible for promoting and facilitating investment in Papua New Guinea.
- Its main role is to attract foreign and domestic investment to PNG and provide assistance to investors during the investment process.
- IPA provides a range of information and support services to investors such as providing information on investment opportunities, helping develop business plans and assisting with processing of investment applications and approvals.
- IPA promotes development of domestic businesses and fostering an entrepreneurial culture in PNG.
- IPA plays a key role in supporting economic growth and development in PNG by attracting investment and stimulating entrepreneurship and innovation in the country.
Policy & Regulation
This act establishes the IPA and sets out its powers, functions, and responsibilities. It also provides for the promotion and regulation of investment in Papua New Guinea.
This policy sets out the incentives and benefits available to investors in Papua New Guinea, including tax exemptions, duty exemptions, and land rent concessions.
The IPA has established a process for reviewing and approving investment applications in Papua New Guinea. This process includes a number of steps, including the submission of an investment application, the review of the application by the IPA, and the issuance of an investment approval.
The IPA has established guidelines and procedures for the implementation and monitoring of investment projects in Papua New Guinea. This includes requirements for the submission of progress reports and the completion of investment projects in a timely manner.
When & How to Contact IPA
The Investment Promotion Authority (IPA) is a trade facilitation agency in Papua New Guinea that provides information and assistance to those interested in investing, or already investing in the country. They can provide information on investment opportunities, assist with business plan development, and help navigate the investment approval process. Additionally, they can provide assistance during the implementation phase of a project, including with land acquisition, licenses and permits, and financing. They also provide information on the business climate in Papua New Guinea, including the regulatory environment, availability of skilled labor, and infrastructure and logistics. They also support domestic business owners with training and development programs and access to finance.