Papua New Guinea

Ease of Doing Business in

Papua New Guinea

This page summarizes Doing Business 2014 data for Papua New Guinea. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Lower middle income
Population 7,167,010
GNI Per Capita (US$) 1,790
City covered Port Moresby
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
113 108 down -5

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
59.00 58.97 down 0.03
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 101 DB 2013 Rank*** 92 Change in Rank down-9
DB 2014 DTF** (% points) 78.04 DB 2013 DTF** (% points) 77.98 Improvement in DTF** (% points) up0.06

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Papua New Guinea East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
6 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology
Time (days)
53.0 37.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology
Cost (% of income per capita)
13.0 29.8 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in Min. Capital (% of income per capita)
0.0 293.3 10.4
No. Procedure Time to Complete Associated Costs
1 Obtain a company seal 4 days PGK 60
2 Obtain name and register the company with the Registrar of Companies 18 days PGK 260
3 Register with the tax authorities; register for VAT purposes; register with the Employment Register 9 days no charge
4 Apply for a trade license from the National Capital District Commission 20 days PGK 50
* 5 Open an account with an Authorized Superannuation Fund (ASF) 9 days, (simultaneous with previous procedure) no charge
* 6 Register workers with the private insurers for work injury 20 days, (simultaneous with previous procedure) PGK 200
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

Explore Economy Data


- OR -

Close