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Fees and timelines in 2024

Fees

payment by instalmentPapua New Guinea company incorporation costs in Year 1 amounts to US$5,600 and company incorporation costs in Year 2 amounts to US$1,750. The average fee per Papua New Guinea company set up engagement amounts to US$22,540, which includes company registration and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Papua New Guinea entity types Cost Draft invoice
LLC US$22,540 View invoice PDF
Branch US$20,724 View invoice PDF
Representative office US$13,980 View invoice PDF
PLC US$16,480 View invoice PDF
Fast nominee US$25,280 View invoice PDF

Other fee considerations

Timelines

The average engagement period for Papua New Guinea business setup is 11 weeks:

Papua New Guinea business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Papua New Guinea, please contact our in-house country expert, Ms. Yekaterina Li, directly:
Consultant at HC - katya