Online registry for PNG business

 By FAYE MIKA

PEOPLE can now register their businesses online.

This has become possible after the Investment Promotion Authority launched its online registry system.

Present at the IPA boardroom for the launching were managing director Ivan Pomaleu, Registrar of Companies director Alex Tongayu and investor servicing and promotion division director Clarence Hoot.

The project was a partnership between the International Finance Corporation (IFC), a member of the World Bank.

Online registration will begin on Nov 25, IPA said.

Pomalue had acknowledged the National Executive Council’s approval for the repeal of the Companies Act 1997 and the Business Names Act 1993.

This was expected to be done in parliament in its next session.

Pomaleu  said the move to amend these two legislations would pave the way for the web-enabled registry system and compliance for companies and business in the country.

“While so, it is important to note that counters will still be open for manual lodgments after Nov 25,” he said. 

These manual lodgments will then be entered online by the IPA officers, Pomaleu said.